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Transparency for the Credit Fund (Kosova Sot)

By   /  27/04/2016  /  No Comments

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The paper’s front-page editorial today notes that the establishment of a Credit Fund that aims to create at least 20 thousand jobs, is good news but in Kosovo’s case, it is not enough to encourage serious investments. “The market turmoil and weakening of fair competition, taking the small players outside the game, are the main characteristics of business life in Kosovo. The biggest blow to fair businesses was the interference of public officials who enabled dozens of phantom companies, without experience, to easily win big tenders,” notes the paper. Without wanting to diminish the government’s initiative for the creation of the Credit Fund, the paper further argues that it is unlikely to expect further clarity on the actions and transparency on how the beneficiaries will be selected. “If this fund is successful, it will depend on many of the businesses that will be the beneficiaries in the scheme. Competition to be in the list of beneficiaries will certainly be big, and the government has the opportunity to prove that, at least in this case, they can serve in the benefit of the businesses and not harm them again.”

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