Abstract
This paper aims at analysing activities of the privatisation process in Kosovo, seeing that privatisation is treated as a fundamental factor of overall transformation of the whole society.It may be established that the primary aim of privatisation process is increasing economic efficiency, reflection of the current state and directions of development in general. Privatisation as a process has as primary aim of opening new areas of freedom, economic efficiency and individualism.Key aim of privatisation process in Kosovo must be increase of economic efficiency, preservation of the healthy economic potential created up to date, and ensuring of the long term concept, which enables growth and macroeconomic stability. The policy of privatisation should give a response related to strategic aspects of privatisation of these sectors: of models, procedures, potential investors, technological modernisation and overtaking of social barriers.Process of privatisation and transition which has now covered countries of the Eastern and Central Europe, aims at profound economic and political transformation of these countries. To achieve this, it is necessarily required to have some basic preconditions, which are related to incitement of general efficiency of the enterprises, expansion of the capital market, introduction of competition, development of business culture in private property and freedom of entrepreneurship. Impacts of privatisation in economic development of Kosovo take a considerable place compared to other countries, therefore our aim is that through this paper we analyse factors and methods of implementation in this process.
Highlights
Key aim of privatisation process in Kosovo must be increase of economic efficiency, preservation of the healthy economic potential created up to date, and ensuring of the long-term concept, which enables growth and macroeconomic stability
Privatisation process in developed economies of market is diffracted into these goals: 1) in transformation of institutions and enterprises in the field of public sector aiming the privatisation of property, 2) opening of public sector activities towards competition within the scope of general policy of liberalisation, 3) release of public sector from some activities which go with private sector competencies, 4) cede from the services without compensation of the sector for the benefit of total or partial participation 1
Special “Spin-off” model has been considered as the most important form and the most complicated one because the selected companies through this form had a higher economic impact and contained a higher number of employees. This form of privatisation has the meaning of transferring the ownership to the new owner with the purpose of creating a “New-Co”, the responsibilities remain with the Privatisation Agency of Kosovo – PAK8
Summary
Privatisation generally means the process of changes through which the conjecture and the equilibrium of different social groups’ interests are generated. The initial state of this process in Kosovo can be explained based on the fact that there is a significant number of enterprises with social capital, from which. Special “Spin-off” model has been considered as the most important form and the most complicated one because the selected companies through this form had a higher economic impact and contained a higher number of employees This form of privatisation has the meaning of transferring the ownership to the new owner with the purpose of creating a “New-Co”, the responsibilities remain with the Privatisation Agency of Kosovo – PAK (electrical energy, water supply, etc.).
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