Small and Medium Enterprises: Importance for the Kosovo Economy

Authors

  • Afrim Loku University of Applied Sciences in Ferizaj, St. Universiteti 70000, Ferizaj, Kosovo
  • Nadire Loku University for Business and Technology (UBT College),St. Rexhep Krasniqi 10000,Prishtina, Kosovo
  • Naim Baftiu University “Ukshin Hoti” Prizren/Kosovo

DOI:

https://doi.org/10.47577/tssj.v18i1.3110

Keywords:

SMEs, economic development, labor market, innovation

Abstract

This study aims to broaden the understanding of the importance of SMEs (Small and Medium Enterprises) for the economy of Kosovo, especially in terms of economic development, labor market and innovation. The study was conducted through analysis of documentary sources such as relevant reports of national and international institutions as well as relevant scientific papers. The scientific contribution of this study is theoretical and aims to help researchers of the field for an expanded understanding of SMEs over national economies. This study provides a concise framework of important elements on the economic impact of SMEs on Kosovo's economy. Examination of available data has shown that the SME sector plays a crucial role for the Kosovo economy. The key role of SMEs was emphasized in terms of overall value generated and the labor market while innovation remains a challenge to be addressed by stakeholders

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Author Biographies

Afrim Loku, University of Applied Sciences in Ferizaj, St. Universiteti 70000, Ferizaj, Kosovo

Actually I am associate professor at University of Applied Sciences in Ferizaj, Kosovo, where I was been Vice Rector for Budgets, Finance and Infrastructure, from 2015 – 2020, previously i held the position of Dean at this University and has held a variety of senior finance roles in both the public and private sector including financial analysis, operational accounts, compliance, financial planning, budgeting and also chaired the Audit Committee. I have received the PHD in Management at the University of Cyril and Methodius in Skopje North Macedonia. I have obtained M.S. in University of Prishtina in the Faculty of Economics and B.Sc in the same institution in Economics. I have been involved in numerous activities and management positions for national and international institution. Also I was formally the Director of Operations and spokesman at the University Clinical Centre Prishtina, the national tertiary hospital where I held the responsibility for service performance and the 3600 employees under our control. I led the transformation and development of patient services at the tertiary facility following the 1998/99 conflict and led the senior management team through the introduction of performance management and into delivering the first operational business plan post conflict. I has also good significant program management expertise and lectures on strategic and operational management and market research. I have supported the development of the Law on Health Insurance and also I was a member of the consultative panel of experts to establish universal access for the citizens and residents of the Republic of Kosovo.

Nadire Loku, University for Business and Technology (UBT College),St. Rexhep Krasniqi 10000,Prishtina, Kosovo

Nadire Loku is a lecturer at College for Business and Technology in Prishtina. She received her PHD in the field of Economics and Management at Agrarian University of Plovdiv in Bulgaria. Loku has obtained his M.A. studies in College “Gjilani” in Gjilan Kosovo in Management, while she received her Psychology B.Sc studies in University of Prishtina in Phylological Faculty, Psychology Department in Prishtina. She initially was engaged in community activities in the center for social welfare as a intern. Loku then was commited to academic activities, initially as a lecturer of economics subjects at European College of Kosovo in Prishtina, then as a professor assistant in the Universum College in the organizational behavior subject. She has been part of more than ten scientific publications and conferences covering different economic fields.

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Published

2021-04-07

How to Cite

Loku, A., Loku, N., & Baftiu, N. (2021). Small and Medium Enterprises: Importance for the Kosovo Economy. Technium Social Sciences Journal, 18(1), 215–221. https://doi.org/10.47577/tssj.v18i1.3110