Almost half of Kosovo businesses declare unsatisfactory situation

Chairman of Kosovo’s Chamber of Commerce Berat Rukiqi presented the findings of a survey involving 358 Kosovo businesses covering the last quarter of 2020.

Rukiqi said that 45 percent of businesses included in the survey declared an unsatisfactory situation but that the findings show a slight improvement compared to the figures from the third quarter of 2020. 

At the same time, only around 12 percent of businesses have positive expectations for the coming period, compared to 23 percent of the previous quarter. 

Rukiqi said the findings are a result of the pandemic with companies experiencing less investment and slowing down of many of their ongoing projects. “Nevertheless, the figures are better than in the previous cycle, there is an increase in the employment expectations,” he said at a press conference today. 

Rukiqi said he expects Kosovo to suffer a 6 percent economic decline which is in line with the International Monetary Fund forecast.