Establishing_A_Sustainable_Economy_In_Kosova

Establishing A Sustainable Economy In Kosova Establishing a sustainable economy in Kosova The recent transition in Kosova from a totalitarian regime into a democratic one saw a change in the economic system as well. Kosova had suffered for five decades from economic stagnation because of the failed communist planned economy, mismanagement and war. The newly deployed international authorities, namely the European Union Pillar of UNMIK Administration, have been trying to lay the foundations of a sound market economy in Kosova. While there has been a constant flow of financial and humanitarian aid from different donor countries, the living standard in Kosova remains at a very low level. This has forced many families in Kosova to find alternative ways to earn money and even make their children quit school or miss classes in order to sell cigarettes, telephone scratch cards and food items. Moreover, the lack of a viable macroeconomic environment and of an effective and enforceable tax system has led to large scale smuggling and tax evasion. People engaged in informal economy i.e. doing illegal business and evading taxes have been operating in Kosova with almost complete kosova, economy, public, foreign, been, very, unmik, tax, system, sector, recent, one, newly, low, legal, investment, engaged, economic, doing, business, budget, because, years, world, while, ways, way, war, viable, unrests, union, unemployment, uncertainty, trying, transition