Abstract
This paper aims to address the effects of the pandemic on the economy and investments in the region - focus Kosovo, compared to the countries of the Western Balkans. CoVid-19 has caused economic shocks worldwide, where many people have lost their jobs, and this has created a negative chain effect on the economic structure in Kosovo as well. The economy consists of a structure in which participate many parties that are interconnected in a chain with each other such as state institutions, companies (manufacturing, trade, services, etc.), employees, suppliers, local and international financial institutions, potential customers, investors, etc., any disconnect in this chain causes a negative economic reaction which will have long-term implications for business recovery. Also, Foreign direct investment in Kosovo is one of the main determinants of the country's development, due to the pandemic many planned investments have been re-oriented in other directions. This study also aims to identify the economic situation and the level of investment decline for this pandemic period, aiming to identify - as proposals - measures to be taken in order to improve the situation and stimulate a debate on the economic situation in times of pandemic.
Highlights
The pandemic has caused major disruptions in all economic sectors, the world will not be the same as it was before the pandemic, but to see the exact effects of its impact on the economy - but that, a longer period must pass. long after the pandemic
The main indicators, consumption, foreign direct investment, domestic capital investment, trade, free movement of people and capital, which are related to macroeconomic indicators in Kosovo and the Western Balkans, are the subject of analysis related to the question: Whichs of the economic indicators, have declined during the pandemic period?
The Covid- 19 pandemic is defined as a global health crisis and the greatest challenge facing humanity since World War II, this pandemic has had a negative impact on the economies of the most developed countries in the world, this negative impact even more is great in the economies of countries in transition and those with weak economies, such is the case with the economy of Kosovo which is highly dependent on imports, investments, foreign financing, aid in the form of grants and other forms support coming from developed countries, "for 2020 the economy of Kosovo is expected to decline to -8.8% to -11.3%"
Summary
The pandemic has caused major disruptions in all economic sectors, the world will not be the same as it was before the pandemic, but to see the exact effects of its impact on the economy - but that, a longer period must pass. long after the pandemic. The pandemic has caused major disruptions in all economic sectors, the world will not be the same as it was before the pandemic, but to see the exact effects of its impact on the economy - but that, a longer period must pass. The economic sectors most affected by the pandemic are the alcohol industry, the tobacco industry, followed by luxury goods - accessories and jewelry, gold and silver, the printing industry, daily newspapers, books, etc. The only industry that can grow, according to experts, is the food industry, because people locked in their living quarters, due to very harsh measures during the period 2020/21, begin to consume more food, in the impossibility of attending restaurants, these measures, at the beginning of 2022, have begun to be eased, but the economic effects will be observed for a very long time. The pandemic had negative impacts on SMEs and economies in transition including Kosovo (Kugi et al, 2020; Krasniqi et al, 2021; Millaku, et al 2022; Ziberi et al, 2021; Gashi et al, 2021)
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