OEAK says that while supporting the vulnerable categories and preserving the purchasing power of citizens constitute important objectives, the temporary financial measures only provide short-term relief and do not address the necessary structural factors for sustainable economic development. the necessary structural factors for sustainable economic development.

“The American Chamber of Commerce in Kosovo strongly believes that measures that focus mainly on the stimulation of short-term consumption risk producing limited long-term economic impact, especially in an economy like Kosovo’s, where a significant part of the increase in consumption is translated into increased imports, not increased local production and investments. Such measures also limit the availability of public funds for initiatives and investments with impact greater economic and with broader and longer-term benefits”.

“Instead of temporary and one-off payments, the focus should shift towards investments in infrastructure and policies that strengthen the private sector ecosystem. Strategic investments in transport and energy infrastructure, digital infrastructure, education and workforce development create conditions that enable businesses to expand their activities and increase productivity”.

This The chamber further emphasizes that the empowerment of the private sector has a wider and more sustainable impact on society.

“A more competitive and growing private sector generates new employment opportunities, contributes to the gradual increase in wages and creates incentives for improving working conditions and investing in the professional development of employees. Economic growth driven by productive investments offers stronger and longer-term benefits than temporary consumption measures.

American Chamber of Commerce in Kosovo reiterates that sustainable prosperity is achieved through policies that strengthen economic bases, improve competitiveness and create an environment where businesses can develop and citizens can benefit from sustainable employment and better living standards”.

This reaction came after today’s decision of the Government in office to allocate amounts from 100 euros to pensioners, children, the non-public sector and students. In today’s meeting, the executive also increased the allowances for maternity

Source: prizrenpost