Prishtina, October 31, 2016 – The American Chamber of Commerce in Kosovo commends the latest World Bank Doing Business ranking for Kosovo.
Following a review of the report for 2017, AmCham Kosovo notes that the progress closely aligns with the enduring business reforms, which have made paying taxes easier and reduced the time and cost of border compliance for exporting, removed the cost for starting a business, and, hence, made the business activity more conductive than the previous year.
Given the considerable progress that has been noticed in the indicators of starting a business, paying taxes, and cross-border trade, this is an important and positive signal to domestic and foreign investors as well as a step towards prosperity. Such a progress underscores the ongoing efforts of Kosovo to improve the doing business environment and reduce impediments to sustainable economic development.
However, a limited or no progress has been achieved, particularly in terms of reliability of electricity supply and transparency of tariffs, quality of judicial processes, and in-court insolvency procedures. We encourage and urge on all institutions to undertake the necessary measures to build a lasting effort and provide a strong framework for further progress and improvement of factors that constrain business activity in Kosovo.