Kosovo’s young and skilled workforce, favorable tax system and proximity to the European market are among the factors that make the country attractive to foreign investors, speakers said at the panel “Industry and Manufacturing: Relocating Manufacturing Activities to the Balkans: Eco-Industrial Parks, Special Economic Zones and Advanced Manufacturing”, held as part of the Balkan Summit.

Besnik Vasolli, executive director of the German-Kosovo Chamber of Commerce (KDWV), said foreign companies already operating in Kosovo are familiar with the market, suppliers, rules and procedures, making it easier for them to expand their investments.

“They are familiar with the market and can predict the situation. They know the suppliers, rules and procedures. They know that Kosovo is a market where payments are made in euros, and they are familiar with the tax system in place. Therefore, it is easier for them to expand. What may convince them the most to increase their investment is the fact that they see Kosovo has a reliable workforce, particularly a young workforce that speaks international languages, mainly English and, in most cases, German as well. They see that the tax system is quite affordable and supports investment. They also see Kosovo as a country close to Europe, while relocating business activities to nearby countries and partner and friendly countries are other factors that encourage them to expand their investments. These factors give them greater confidence that the markets they serve from Kosovo can remain stable and even improve over time. This is why they decide to invest,” he said.

Meanwhile, Stefan Dragutinovic, an economist at the International Finance Corporation (IFC), highlighted the importance of developing eco-industrial parks, noting that the joint management of resources and environmental risks could reduce costs and increase investor interest.

Edvin Prencce, chairman of the Association of Clothing and Footwear Manufacturers PROEKSPORT ALBANIA (PEA), said the Balkans has significant potential to supply the European market but must adapt to its new requirements, including green economy standards and shorter delivery times.

The panel focused on the opportunities the Balkans offers for relocating manufacturing activities, developing industrial parks and attracting investment, with particular emphasis on regional cooperation and adapting to the requirements of the European market.