Emanuel Bajra, analyst and financial expert who works and lives in London spoke on the show "Confrontation" with editor-in-chief Muhamet Hajrullahu why the rise in prices of daily consumption and fuels is happening in Kosovo and in the global market.

The expert of international markets says that there are many factors that have influenced the rise in prices worldwide.

He says that despite the focus on the war in Ukraine or the rift in the European Union, there are other factors behind the rise in oil prices.

"The crisis started in 2007 when the G-20 countries decided to print a lot of money after the banks went bankrupt.

From that time there was an artificial bounce of assets that investors buy.

For example, if a person in 2008 owned assets worth $ 200, the assets of the same one year later increased in value by 100%.

The expert says that after this situation a great inequality was created between the global economies.

"Banks then decided to stop the pace of money printing."

Bajra, who is an expert in international markets, says international investors panicked and began to convert all assets into dollars.

"With the creation of this panic, the rise in inflation began."

With the onset of Russian aggression on Ukraine the situation changed even further for the worse, according to the financial analyst.

"Earlier it was the dollar problem, after this situation appeared the food crisis and rising prices."

Speaking about the oil problem, Bajra says that in early April on international stock exchanges there was a drop in oil prices, but this did not happen in Kosovo.

"Despite the fact that the Government threatened the oil workers and set a margin, promising to reduce the excise tax, there was no reduction in prices.

The regulator in Kosovo is very weak.

"The competition authority in Kosovo is not functional and it is reflecting on prices."

Emanuel Bajra, analyst and financial expert who works and lives in London spoke on the show "Confrontation" with editor-in-chief Muhamet Hajrullahu

He says, however, that the problem of oil prices in Kosovo depends on movements in international markets.

"With the entry into play of Saudi Arabia, which is the second largest oil supplier after the United States, the situation could change."

However, he says the problem remains how to link price reductions in international markets with reflection in Kosovo.

For this he has given two proposals.

"One solution could be the Government's alliance with the private sector in order to create oil and gas reserves.

While the other solution may be excise.

But this must be done by an agreement between the state and private businesses.

"Private operators dealing with the oil trade in Kosovo should not be taken as enemies, but a balance should be struck between demand and the real price in Kosovo."

Bajra says a stabilization of markets and prices in general can hardly be expected.

"By the end of the year there may be another increase of up to 7%.

But it also depends on America whether it decides to release the dollar.

But this can only happen if there is some geopolitical calm.

"With the arrival of the diaspora in Kosovo, there may be stability, but the Government should prepare with the arrival of September", Bajra further declared. /

Telegrafi

/