1. bookVolume 9 (2021): Issue 1 (January 2021)
Journal Details
License
Format
Journal
eISSN
2255-9671
First Published
15 Dec 2015
Publication timeframe
1 time per year
Languages
English
access type Open Access

Foreign Direct Investment Legislation: A Precondition for Creating a Favourable Investment Climate in the Case of Kosovo

Published Online: 23 Mar 2021
Volume & Issue: Volume 9 (2021) - Issue 1 (January 2021)
Page range: 33 - 41
Journal Details
License
Format
Journal
eISSN
2255-9671
First Published
15 Dec 2015
Publication timeframe
1 time per year
Languages
English
Abstract

Foreign direct investment (FDI) represents a significant impetus for sustainable economic growth and development. From the context of the importance that FDI carries as the transfer of knowledge, experience, employment growth and development of human capital, its attraction definitely requires a proper legal basis, namely, the implementation of the law and the proper functioning of judiciary. The main aim of this study is to elaborate the legislation on foreign direct investment in Kosovo and to analyse FDI in Kosovo over the years. This study is based on local literature, specifically the interpretation of the current law on FDI in Kosovo and international literature to examine the effects of legislation on a business climate. This study is descriptive, comparative and analytical, based mainly on secondary data provided by the World Bank indicators on FDI in Kosovo over the years. Kosovo as a young, post-war state has drafted a number of reforms in the economic field and in the field of law enforcement and judiciary, but undoubtedly the current law governing strategic investments has room for improvement, thus, must be enforced in order for investors to feel safe while operating in Kosovo. This study also concludes that Kosovo is attractive for foreign investors due to the increasing rate of GDP, labour market conditions, high rate of degree holders complying with labour market requirements. The study goes further with recommendations on supplementing the current law versus the European FDI legislation. The major implication of the study is the comparative analysis of Kosovo’s law in regard to the EU Law on FDI.

Keywords

JEL Classification

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