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The impact of the pandemic on businesses as carriers of economic development - focus Kosovo.

Authors :
Mehmeti, Ismail
Krasniqi, Sokol
Source :
International Conference on New Achievements in Science, Technology & Arts (ICNA-STA); 2022, p58-58, 1p
Publication Year :
2022

Abstract

The purpose of this paper is to identify the consequences of the CoVid-19 pandemic on business trends, focusing on Kosovo. In all countries, business is one of the main drivers of economic development, so any stagnation in this area means stagnation in the economy. The CoVid-19 pandemic has had a negative impact on global economic trends. Kosovo with an economy in transition has felt these negative consequences - along with other economic areas - also in the field of business development, which field in Kosovo is developing and not really consolidated. Based on the processed statistics, it is noticed that no kind of business in the country has been left unaffected by the pandemic, starting from small individual businesses to joint stock companies, which businesses have covered many economic sectors such as gastronomy, tourism, food industry, agricultural sector, trade and so on. Also, the cessation of financing of capital investments by the government and the reorientation of finances to deal with the pandemic has had a negative impact on the working activity of many businesses, which has determined job cuts and rising unemployment. The research aims to identify the situation of businesses in the pandemic period, identifying the chain impact on economic development trends in countries, through economic indicators. The study provides factual data processed from a critical point of view, using the methodology of analytical processing of empirical data from official reports of local and international institutions, in order to find the way to a speedy recovery of businesses and the economic situation in Kosovo, not bypassing, other countries that can take the findings as a model. [ABSTRACT FROM AUTHOR]

Details

Language :
English
Database :
Complementary Index
Journal :
International Conference on New Achievements in Science, Technology & Arts (ICNA-STA)
Publication Type :
Conference
Accession number :
167731853