Kosovo economic growth rate for 2011 expected at 5.3%

The Kosovo government will close 2011 with an economic growth of 5.3%, stated the Minister of Economic Development, Besim Beqaj. He said that while this growth rate is not enough, for the medium term Kosovo is expected to reach a 7 to 8% growth rate.

“We will finish this year with a growth of 5.3%. We projected an economic growth of 5%, the IMF amounted it to 5.5% and the real growth turned out to be 5.3%, so we have a plan that is very conservative but it is based on the real economy and the actual developments in our country, “says Beqaj.

Beqaj says it would be better if Kosovo had 10% growth, but that the reality is this.

According to Beqaj, economic development is not done with the opening or closing of a door, but it is a legislative and structural reform process, a process of barrier elimination. And, as he says, all these are happening to create the preconditions for such an economic growth.

In the latest report of the Kosovo Central Bank, it is stated that the economic development in the first 6 months of 2011 suggest that the economic activity in Kosovo continues to expand and, as a result, real economic growth for 2011 is projected to reach around 5.0% compared to 3.9% in 2010.

/ Telegrafi /