Chosen Model of Privatization of Socially Owned Enterprise in Kosovo Over Kosovo Trust Agency

Abstract

Unlike in the countries of Central and South-East Europe, where the transformation of property and political transition were smooth and peaceful, in the countries of former Yugoslavia (except Montenegro and Macedonia) these processes were accompanied by war; the effects are present even nowadays. After 1999, it was Kosovo’s turn to be part of these changes. Normally, in these processes, the political transition occurs prior to the transformation of property. This was not the case in Kosovo, where the order was reversed. It cannot be said that the privatisation method chosen by UNMIK was not the best. As of now, this method has failed to fulfil its duties of economic recovery and solve the unemployment problem. UNMIK has chosen the method of transforming the social property of Kosovo as a set up for the total transition of the political system, which later on would be one of the main elements and will serve to proclaim independence of Republic of Kosovo. It will remain an unanswered question whether the method that used is actually better, whether it is more productive economically, or not. As Kosovo’s case for many things is sui generis, and as far as the process of privatisation of the social property is concerned, it is a process which tried to adjust to the existing circumstances in Kosovo, circumstances which were earlier unknown in the other countries.