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Kosovo
Financial Sector Enabling Environment in
Kosovo
Kosovo
Ease of doing business (rank)
98
Starting a business (rank)
126
Starting a business - Cost (% of income per capita)
23
Starting a business - Procedures (number)
9
Starting a business - Time (days)
52
Starting a business - Minimum capital (% of income per capita)
0
Dealing with construction permits (rank)
144
Dealing with construction permits - Cost (% of income per capita)
2986
Dealing with construction permits - Procedures (number)
16
Dealing with construction permits - Time (days)
156
Registering property (rank)
76
Cost (% of property value)
0.6
Procedures (number)
8
Time (days)
33
Protecting Investors (rank)
100
Getting credit (rank)
23
Trading across borders (rank)
124
Enforcing contracts (rank)
138
Enforcing Contracts - Cost (as % of claim)
33
Enforcing Contracts - Procedures (number)
53
Enforcing Contracts - Time (days)
420
Resolving insolvency (rank)
87
Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)
Starting a business
Kosovo made starting a business easier by eliminating the minimum capital require-ment and business registration fee and streamlining the business registration process.
Protecting investors
Kosovo strengthened investor protections by introducing a requirement for shareholder approval of related-party transactions, requiring greater disclosure of such transactions in the annual report and making it easier to sue directors when such transactions are prejudicial.
Employing workers
Kosovo introduced a minimum wage.
Conclusion
Kosovo’s overall ranking for the ease of doing business has declined steadily since 2009. Legal reforms are underway to strengthen the collateral framework to allow speedier repossession and sale of foreclosed assets in cases of borrower default.
The most problematic factors for doing business in Kosovo:
Inefficient government bureaucracy
Corruption
Access to financing
Inadequately educated workforce
Inadequate supply of infrastructure
Government instability/coups
Detailed PFS Kosovo High Level Financial Sector Overview Oct 2012 can be downloaded
here
.
Detailed PFS Regional Benchmarking Report Oct 2012 can be downloaded
here
.
IFTF Members from
Kosovo
Delvina
Fleta
Milena
Maliqe
Dafina
Donjeta
Dhurata
Zvezdana
Sadbere
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