Kosovo may not be a large country, with 1.6 million inhabitants, but it is an excellent example that economic growth and development go hand in hand with democracy and the rule of law.

This was said by Prime Minister Albin Kurti during a conversation at the "House of Kosovo" in Davos with economist Ricardo Hausmann from Harvard University.

Prime Minister Kurti also emphasized that under his government, Foreign Direct Investments have doubled, and he has fought crime and corruption, which, according to him, brought broad development for citizens and businesses, writes KosovaPress.

"We have increased subsidies and grants for farmers in our country tremendously. We also doubled FDI and at the same time doubled the minimum wage. So, in this dilemma, regulation or investment, we said we will do both. We have made more regulations by fighting crime and corruption, but at the same time we have increased investments. So, Kosovo may not be a big country, with 1.6 million inhabitants, but it is an excellent example that economic growth and development go hand in hand with democracy and the rule of law," Kurti said.

Kosovo's Chief Executive, Kurti, also spoke about the war in Ukraine and its impacts. According to him, there are some superpowers who want to show that development does not need democracy.

During this conversation, Kurti mentioned the support of Kosovo citizens for saving electricity, as he said "by distributing the economic growth we have achieved, we have alleviated poverty. In Davos, he mentioned economic achievements and the issue of exported goods.

The Prime Minister's Office has announced that Kosovo is expected to sign the EFTA agreement today.

This year's summit is being attended by around three thousand people, including businessmen, politicians, academics and representatives of civil society organizations from more than 130 countries, including the Balkans, while 60 heads of state and government will deliver speeches, KosovaPress reports.

At a time when the global economy is experiencing a paradigm shift, the summit is discussing how to restore growth, how to benefit from new technologies, and ways to strengthen social and economic sustainability in 220 different sessions.

In the sessions, speakers shared their assessments of new US policies, the fragmentation that has emerged as a result of the gradual weakening of global cooperation, trade policies, artificial intelligence and digitalization, the clean energy transformation, the fight against climate change, central bank monetary policies, interest rates, and inflation.