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

Author

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  • Armand Krasniqi

    (Faculty of Economics, University of Prishtina "Hasan Prishtina")

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 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 political, social, legal interests. 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 private enterprises. Its complexity has derived from what is meant by "social ownership" 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 and 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 unwanted delays of proceedings.

Suggested Citation

  • Armand Krasniqi, 2016. "The issue of the liquidation process of social enterprises during privatization process in Kosovo," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 6(Special), pages 186-195, October.
    • Handle: RePEc:asr:journl:v:6:y:2016:i:special:p:186-195
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    law; privatization; transformation; privatization agency.;
    All these keywords.

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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