Yet another no for the start of official negotiations for membership of the European Union of Northern Macedonia - which will lead the country to early elections next April - will have negative implications for the economy, say experts in the sector.
Marija Zarezankova Petkoska, an expert on economics, declared for Radio Free Europe that the refusal of the European Union represents a serious handicap for the development of the sector, stressing that the government in collaboration with the opposition must create legal conditions that can also be applied in practice, so that the economy begins to function according to the standards present in EU countries.
"During this time all the parties involved must strive for the creation of conditions that will bring investors from Northern Macedonia to work according to the standards required by the EU, as this will make the country's economy move more quickly."- says Petkoska.
The influence of elections in the country's economy
Furthermore, for the latter, another major problem is the postponement of the parliamentary elections anticipated to next April, given that in these months no one will have the courage to invest without knowing the future political scenarios of the country.
"It is worrying that the elections were set after many months. In some ways this will bring the economy of the country into a winter lethargy.
The continuous electoral cycles certainly have an enormous impact on the economy as well as on the companies that represent the driving force of the sector. The elections are now repeated every year: lastly the presidential elections, shortly before the administrative elections and before that the parliamentary ones.
Ultimately, the continuous electoral cycles represent an obstacle for the economy on the path to investment and the economic growth that we have described."- continues Petkoska.
Even the economics professor of Tetovo University, Alaudin Zeqiri, says that the country's economy will stall in the first part of the new year and that, therefore, it will be up to the next government to indicate the economy as a priority once it has risen to power.
"If on the one hand the economy will stall due to the elections in the first part of the 2020, on the other hand the situation could be balanced without any serious implication if the next government dedicates itself with commitment to the economic sector.”- analyzes Zeqiri.