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Full Article Best pictures of the year Read Euro zone worries pressure Wall St 10:11am EST Analysis: WikiLeaks stirs debate on info revolution 10:50am EST China's Hu tells Obama Korea tension could go out of control | 10:10am EST WikiLeaks lists sites U.S. says vital to interests 10:04am EST Exclusive: AOL mulls breakup, then merger with Yahoo 10:39am EST Discussed 70 Obama, Republicans in tax face-off at White House 59 Senate bid to renew ”middle-class” tax cuts fails 55 WikiLeaks plans to release a U.S. bank’s documents Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Playboy opens Mexican casino Sun, Dec 5 2010 Row over vote orgasm video Fri, Nov 19 2010 Analyst Research Report Title Price ValuEngine Detailed Valuation Report for BT Provider: ValuEngine, Inc. $25.0 Buy ValuEngine Industry Report for OIL & Gas-field Services Provider: ValuEngine, Inc. $49.0 Buy ValuEngine Industry Report for Diversified Comm Services Provider: ValuEngine, Inc. $49.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Shambolic economy takes centre stage in Kosovo vote Tweet This Share on LinkedIn Share on Facebook By Fatos Bytyci PRISTINA (Reuters) - Since a 1999 NATO air war that freed Kosovo from Serbian repression and put it on the road to eventual statehood, the Balkan state has absorbed 4 billion euros in aid, but made scant economic progress of its... Analysis & Opinion Is Kosovo ready for visa-free travel to the European Union? Related Topics World » Stocks By Fatos Bytyci PRISTINA | Mon Dec 6, 2010 10:22am EST PRISTINA (Reuters) - Since a 1999 NATO air war that freed Kosovo from Serbian repression and put it on the road to eventual statehood, the Balkan state has absorbed 4 billion euros in aid, but made scant economic progress of its own. Dogged by corruption, weak rule of law and an estimated 48 unemployment rate, Kosovo's shambolic economy has replaced independence from Serbia -- achieved in 2008 -- as the main issue as it heads for a snap parliamentary election on Sunday. The economic and legal twilight zone that now defines Kosovo poses the biggest barrier to its hopes of progress toward joining the affluent, stable, democratic European Union. "The economy of Kosovo is about to collapse," said Musa Limani, an economy professor at the University for Business and Technology in Pristina. "No politicians have worked for the interests of Kosovo. They were eager to get richer and some people got rich overnight." Campaigning politicians -- from four parties whose platforms are virtually identical -- have promised to raise wages by 20, 30, 50 or even 100 percent, build highways and negotiate visa-free travel to the EU and the United States. However the leading politicians are not economic experts, with most rising to prominence solely because of their role in the 1990s guerrilla war for independence. They offer few practical specifics on how to improve the economy. With half of its people under 24, Kosovo has the youngest population in Europe, a demographic trend Pristina highlights in an international media campaign aimed at investors. The glossy ads printed in places such as The Economist show attractive young people. But the reality is far from pretty. Kosovo produces little apart from some base metals and food products but exporting them is difficult because Serbia has stopped taking in Kosovo goods and barred their transit on its roads to other countries since 2008. The landlocked country's exports now cover only 10 percent of imports. The government remains the biggest employer and public investments and spending drive GDP growth. The World Bank estimates unemployment is as high as 48 percent. When Kosovo advertised 120 prison guard positions a few weeks ago, more than 5,000 people applied. The pay of 300 euros a month was about average for one of Europe's poorest regions. "Overall, in spite of positive growth, the economy is not creating enough jobs to absorb the young new entrants and reduce pressure on the labor market. Unemployment remains very high," the European Commission said in its annual progress report. ECONOMIC WOES SPURS ASYLUM-SEEKING EXODUS About 200,000 youth are expected to enter Kosovo's job market in the next five years. With jobs so scarce, Kosovars now constitute the fifth-largest group of asylum seekers in the European Union, a high figure given the small total population of two million in the majority ethnic Albanian country. Some Kosovars pay smugglers 2,000-3,000 euros in hopes of reaching EU countries illegally and starting a better life. 1 2 Next World We welcome comments that advance the story directly or with relevant tangential information. 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