The issue of the liquidation process of social enterprises during privatization process in Kosovo

Author:Armand Krasniqi
Position:Faculty of Economics, University of Prishtina
Pages:186-195
SUMMARY

The privatization process in Kosovo with all its difficulties, permanent dilemmas entered into the final phase. Despite a considerable number of SOEs privatized until now there has not been any study done by any governmental or non-governmental body that will reflect more comprehensively the performance and its effects in economy. This process until now had several complex problems, changes and... (see full summary)

 
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The issue of the liquidation process of social enterprises during
privatization process in Kosovo
Associate professor Armand KRASNIQI
1
Abstract
The privatization process in Kosovo with all its difficulties, permanent dilemmas
entered into the final phase. Despite a considerable number of SOEs privatized until now
there has not been any study done b y any governmental or non-governmen tal body that will
reflect more comprehensively the performance and its effects in economy. This process
until now had several complex problems, changes and p olitical, social, legal interests. In
retrospective the privatization process in Kosovo evaluated by academics and media is
considered to be one of the most specific an d complicated phenomenon for the
transformation of social a ssets in individuals or private enterprises. Its complexity has
derived from what is meant by "social own ership" and who has been in fact its official in
the past and which the rights are given to working class in possess management and
governance. On these bases the Kosovo Trust Agency (KTA) founded by UNMIK in 2002
and later the Privatization Agency of Kosovo (PAK) founded in 2008 by the institutions of
Kosovo after the declaration of independence (2007) have continued with the privatization
15 years later after the dilemmas an d institutional transformation and we can say that
economy in Kosovo is in collapse. PAK with all its successes admits that the difficulties of
this process never stop. At the moment PAK is not recognized by the Special Chamber of
Supreme Court of Kosovo and also there are problems and gaps in the law on the
liquidation of social enterprises assets. The legal basis of OVGJS and the execution of the
law for the reorganization of specific enterprises and their assets by shortening and
simplifying the deadlines because they are causing serious bottlenecks and unwa nted
delays of proceedings.
Keywords: law, privatization, transformation, privatization agency.
JEL Classification: K22, K23
1. Introduction
In the economic transformation processes that is passing our country, the
privatization is conceptualized not only as an ownership change
2
but also as the
only alternative that will ensure the effective function of acts for all “market
stakeholders”, private or public in order to ensure loyal competition between them.
This process until now has faced several changes, political interests, and micro,
macro and legal problems. In retrospective the privatization process in Kosovo
evaluated by academics and media is considered to be one of the most specific and
complicated phenomenon for the transformation of social assets in individuals or
1
Armand Krasniqi - Facult y of Economics, University of Prishtina "Hasan Prishtina",
armand.krasniqi@uni-pr.edu .
2
John Bennett & Saul Estrin & James Maw & Giovanni Urga (2004), Privatization methods and
economic growth, CEPR, Discussion papers, 4291.

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