Valdrin Lluka THE IMPACT OF COVID-19 ON THE ECONOMY OF KOSOVO Imprint Author Valdrin Lluka Redaction Michael Roick & Dr. Minire Çitaku Layout / Print KATËR AGENCY Number of copies 50 Publisher Friedrich Naumann Foundation for Freedom Western Balkans Bulevar kneza Aleksandra Karadjordjevica 13/A8, 11000 Belgrade, Serbia 00 381 11 3066824 www.freiheit.org www.freiheit.org/western-balkans
[email protected] http://westbalkan.freiheit.org @FNFWesternBalkans @FNFWestbalkans Copyright December 2020. by the Friedrich Naumann Foundation for Freedom All rights reserved. This article reflects the opinion of the author and does not recessarily represent the position of the Friedrich Naumann Foundation for Freedom 1 Contents Foreword 2 The impact of covid-19 on the Economy of Kosovo 4 Measures taken by the government 8 Sensible measures to overcome the crisis 11 Tax policy 14 Investment 14 Summary 18 2 Foreword The Corona crisis has kept the world on tenterhooks for The author himself was his country's Minister for a good year now. Economic Development until the beginning of 2020. A highly contagious virus – initially downplayed in many He notes: “The key to stability in times of pandemic is places – developed rapidly into a global pandemic, acting fast.” plunging societies and their economies into deep crises and forcing them to make far-ranging restrictions and And that is exactly what was lacking: measures were cuts. initiated too late, laws and emergency packages were passed too late. The unexpectedly rapid production of effective vaccines has brought the containment and – hopefully – In addition, the political framework conditions were management of this pandemic within reach.