On July 17, in collaboration with the Municipality of #Vushtrri, we launched ‘Invest in Vushtrri’, a platform that aims to promote #investments and #business opportunities of the city of Vushtrri, and serve as a facilitator of #marketlinkages for local and #diaspora businesses.
The launching was followed by a panel discussion with the Mayor Vushtrri, Mr. Xhafer TahiriMr. Fehmi Mehmeti, Governor of the Central Bank of Kosovo, Mr. Arian Zeka, Director of the American Chamber of Commerce in Kosovo, Mrs. Sytrime Dervisholli, Expert on Trade and Econ. Development, and Mr. Safet Gërxhaliu, Economist and former chairman of the Kosovo Chamber of Commerce. Lirim Krasniqi co-executive director of GERMIN. The panelists greeted this activity as a need for local economic development, emphasizing the potentials of the local level - municipalities to attract foreign/diaspora direct investments.
Mayor Tahiri presented 7 capital projects:
Vushtrria City’s heating system,
The sewage plant,
Vushtrria's gasification program
Eonomic Zone / Business Park in Banjska,
The soft loan program,
City’s public parking, and
The Recreation park "Taraxha".
These projects total a value of €40 million (approx.), and the Municipality of Vushtrri intends to implement them through Public-Private Partnerships (PPPs). Thus, Mayor Tahiri calls on diaspora investors #diaspora to express their interest, by guaranteein them that the municipality will offer very favorable conditions and a safe business environment.
Moreover, GERMIN presented preliminary results of a researchon the business environment in Vushtrri, which has been conducted through desk-research and interviews with 68 local businesses. Key findings from this research show that there is an increasing trend of business activity in Vushtrri, yet businesses face different challenges such as: inadequacy / size of the local market, shortages of the skilled workers, and difficult access to finances.
Mayor Tahiri introduced to the participants of this event three strategic investors who are implementing multi-million projects in the Municipality of Vushtrri, such as the “Çiçavica wind Farm”, which aims to produce #renewableenergy.
From now on, www.investinvushtrri.com www.investinvushtrri.com will constantly provide information on investment and business opportunities in the Municipality of Vushtrri.