Delays in the formation of new institutions, such as the Parliament and the Government, have a detrimental impact on the private sector and the country's economic development. This is according to the executive director of the American Chamber of Commerce in Kosovo, Arian Zeka, while underlining that the unresolved political issue between Kosovo and Serbia continues to be the biggest problem for our country, KosovaPress reports.

Parliamentary elections in Kosovo were held on February 9. The first party to emerge from these elections was Vetëvendosje, the second was PDK. While LDK was third and the AAK-Nisma coalition was ranked fourth. After the publication of the final results, their certification by the Central Election Commission (CEC) is also expected.

In an interview with KosovaPress, Zeka says that investors, both domestic and foreign, require political stability and clear executive and legislative power to ensure a favorable environment for investment and economic development.

Zeka also underlines that the unresolved political issue between Kosovo and Serbia continues to remain one of the main problems hindering Kosovo's progress, affecting, as he says, the overall development of the country and the Western Balkans region.

He also criticized the lack of effective dialogue between the public and private sectors, noting that the American Chamber of Commerce has submitted over 70 legal comments and recommendations to institutions over the last four years, but many of them, according to him, have not been taken into account.

Despite the fact that the business community has repeatedly asked the Government to prioritize economic development and at the same time to support businesses, the executive branch has not met their expectations. Even though the private sector is considered a guarantee of sustainable economic development.