fbpx

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 Tahiri, Mr. 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. 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 in front of the diaspora business representatives and professionals:

  1. Vushtrria City’s heating system,
  2. The sewage plant,
  3. Vushtrria’s gasification program,
  4. Eonomic Zone / Business Park in Banjska,
  5. The soft loan program,
  6. City’s public parking,and
  7. 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 to express their interest, by guaranteeing them that the municipality will offer very favorable conditions and a safe business environment.

Moreover, GERMIN presented preliminary results of a research on 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 will constantly provide information on investment and business opportunities in the Municipality of Vushtrri.

An investment forum in cooperation with the Municipality of Vushtrri which aims to generate income and new job opportunities through new business initiatives and attraction of foreign investment for big projects in this municipality. 

Goals:

  • Generation of income and employment opportunities in Vushtrri
  • Proper utilization of the natural resources
  • Sustainable economic development
  • Capacity building 
  • Organization of a forum to promote the opportunities of Public-Private Partnerships (P-P-P) which are available from the Municipality of Vushtrri, foreign and diaspora investors; 
  • Linkage of the market between local producers and possible foreign distributors through B2B meetings; 
  • Promotion and support to the local producers in Vushtrri; 
  • Training and assistance in management and capacity building for the local businesses and producers; 
  • Strengthening of the product promotion of the local producers; 
  • Training and subvention in branding and marketing for the new products which will be launched in the market. 

Activities

  • Memorandum of Understanding between Germin the Municipality of Vushtrri to implement the First phase of the project Co-Creating the future “Invest in Vushtrri” – 19 December 2019
  • A research on the economic potential of the Municipality of Vushtrri, is currently ongoing, with the collection of data from the local businesses and associations.

www.investinvushtrri.com