5 key takeaways from Kosova Business Forum – Despite uncertainties, leaders coming away from KBF cautiously optimistic about this year
Despite endless geopolitical and economic uncertainty, business leaders are leaving Kosova Business Forum (KBF) cautiously optimistic about 2024. Leaders recognize that addressing complex challenges requires joint efforts from various stakeholders, and forging meaningful partnerships is crucial for success. Delegates from business, government, civil society, media, and academia agreed that the respective institutions must collaborate in a hybrid way to incentivize innovation and avoid barriers.
Read on for 5 key takeaways from this year’s meeting, and follow two keynote speakers representing local government, the mayor of Prishtina Përparim Rama, and the CEO of InstaBuilt, Mr. Mentor Pllana, representing the business sector of the Republic of Kosova.
We met with many potential partners, real estate developers, land owners, who were excited to see our solutions.
What made impression on this event that InstaBuilt solutions were so unique that everyone who passed by stopped to ask about them. Our modern design, architecture, look and feel, efficiency standards made us stand out.
We were thrilled by such a big participation and interest in InstaBuilt solutions and for developing Insta Eco Villages.
In this fair it was our first that we unveiled to US people the Insta Eco Village concept. This innovative solution aims to create sustainable and environmentally-friendly communities, where people can live, work, and thrive. We believe that the Insta Eco Village concept represents the future of sustainable living, and we are committed to working with our customers to develop these communities.
So if you have a piece of land with the necessary permits, we would be delighted to co-develop future projects together, our team of experts can work with you to design and construct sustainable housing, commercial spaces, and other facilities that meet your specific needs and requirements. With the Insta Eco Village concept, we aim to create thriving communities that offer a high quality of life while reducing our impact on the environment.
Emphasis on Sustainable Development Goals (SDGs): The Kosova Business Forum (KBF) highlighted a collective commitment among global leaders to focus on sustainable development goals. Discussions revolved around aligning business strategies with these goals, signaling a shift towards more socially and environmentally responsible practices. The discussions demonstrated a commitment to a holistic approach to development. Leaders across sectors showed interest in comprehensive solutions that address economic, social, and environmental aspects, fostering a well-rounded and sustainable growth model.
Challenges Acknowledged, Opportunities Explored: The collaborative spirit exhibited at the forum emphasized the importance of addressing challenges with a forward-thinking approach. Leaders engaged in constructive dialogues, acknowledging the complexities of the current landscape while actively seeking innovative solutions. The diversity of perspectives from business, local government, civil society, and academia fostered a rich exchange of ideas, enabling participants to identify synergies and potential areas for collaboration. As challenges were openly discussed, a shared commitment to turning obstacles into opportunities emerged. This collective effort demonstrated resilience and highlighted the potential for cross-sector collaboration to drive positive change. The forum fostered a culture of adaptability and innovation, setting the stage for collaborative actions that transcend traditional boundaries and pave the way for a more sustainable and resilient future.
Concrete Project Proposals: The session led by the mayor of Prishtina, Përparim Rama presented twelve concrete project proposals. The projects are open to different implementing models, starting with Prishtina Market (total investment of 6,500,000€ in 7,000m2), Youth and Sports Center (total investment of 40,000,000€ in 82,529m2), Brick Factory (total investment of 15,000,000€ in 30,130m2), Subway - Agim Ramadani (total investment 6,000,000€ in 13,700m2), Kino Rinia (total investment of 98,000,000€ in 82,529m2), Olympic Village (in 63,794.13m2), Bus station (total investment of 924,000,000€ in 100,000m2), Overpass Arbëria (total investment of 9,000,000€ in 17.800m2), Green Market (total investment of 10,000,000€ in 5,930m2), Ulpiana Energy Project (total investment of 3,500,000€ in 27,500m2), Ulpiana Market (total investment of 12,000,000€ in 10,000m2), Six Underground Car Parking Points (total investment of 57,300,000€ in 84,900m2). This suggests a proactive stance from the offsite construction company in contributing to the development goals discussed at the forum.
5P Business Strategy: The session led by the CEO of InstaBuilt, Mentor Pllana, shed light on the 5P Business Strategy. Attendees gained insights into a structured approach that includes People, Processes, Products, Projects, and Profit, which are essential for achieving business objectives and sustainable development. According to the 5P strategy, building a solid and passionate team is the core of business success. This involves assessing technical skills and potential for growth, adaptability, and cultural fit. The art of efficiency in business operations is explored through process optimization. Contemporary techniques are integrated to enhance efficiency, reduce costs, and ensure customer-centric operations. Balancing innovation with market needs is the focus in the product domain. Understanding customer preferences, adapting to market changes, and incorporating sustainable practices are key strategies. Mastery in execution involves effective project management. It emphasizes the utilization of technology and tools, balancing scope, time, and cost, and real-world examples demonstrate how mastering project management contributes to the success of projects. Beyond financial gains, ethical profitability is highlighted as a critical component in modern business. Principles of transparency, integrity, and a commitment to social responsibility guide decision-making.
Call to Action: KBF brought together passionate individuals from diverse sectors, united by a shared vision for the economic prosperity of Kosova. The emphasis on sustainable development goals, transparent dialogue, and collaboration underscored the commitment to building a thriving future. The call to action encourages active engagement, sharing of insights, and collaborative efforts to address challenges, seize opportunities, and shape a vibrant business ecosystem. The commitment to uphold the highest standards of sustainability in business practices emerged as a key theme. Businesses are urged to consider environmental and social impacts, promoting responsible practices that align with global standards. The collaborative efforts of the private sector, government, and stakeholders will contribute to shaping a common economic agenda for the prosperity of Kosova. The future is ours to shape, and we will lead towards the State of the Future together.