NEWS
Rafuna warns, calls for urgent actions by the Government to protect the economy
The President of the Chamber of Commerce in Kosovo, Lulzim Rafuna has emphasized the need for immediate actions by the Government of Kosovo to protect and improve the economy of Kosovo. In an interview for KosovaPress, while he says that there is a need for reforms in fiscal policies, he considers that the government should help local businesses more, since according to him, there is a significant decrease in exports, which he says also damages the country's economy. . Regarding public investments and capital projects, Rafuna calls on the government to start implementing projects as soon as possible to stimulate and promote economic growth. He also expressed his concern with the measures imposed by the European Union on Kosovo, where it is already one year old. While he says that the demands coming from international partners and allies must be implemented and implemented by the Government, he evaluates the progress of the elections held in the north as positive, but emphasizes that it is important to coordinate with allies in order to address other challenges as well. that affect the country's economy. Regarding the increase in the price of consumer products, which according to the data of the Statistics Agency of Kosovo in March and April of this year, the overall harmonized index of consumer prices is higher at an average of 2.3 per percent compared to March last year, Rafuna mentions the need for the intervention of financial policies to avoid the increase of those prices. He affirmed that the good news is that inflation is decreasing, but he also emphasized the need to analyze and eliminate additional costs that affect price increases. He added that the drop in capital investments is directly affecting businesses. He also expressed concern about the decline in exports and called on the Government to lobby as much as possible to improve the image of the country to ensure stability and a favorable environment for doing business. The export of goods in February of this year was worth 70.3 million euros, while the import was 467.8 million euros, which is a decrease of 3.9 percent for export, as well as an increase of 19.7 percent for import, compared to the same period of 2023. Data from the Foreign Trade of Goods in Kosovo indicate a higher trade deficit of 25.2 percent in February 2024, in relation to the same period of 2023, namely in the amount of 397.4 million euros, compared to deficit of 317.5 million euros in 2023. According to the report of the Kosovo Statistics Agency, for Foreign Trade statistics, export covers import by 15 percent. Full news on the prepaid system...
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