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newsMar 30, 20261:31

Kosovo's Fuel Crisis Threatens Snack Maker

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In Kosovo, a Balkan nation grappling with post-independence struggles, soaring fuel prices are causing a ripple effect on businesses like Pestova, a snack maker. The companys manager, Kushtrim Ajvazi, reveals a staggering increase in diesel prices, from one euro ten cents to one euro seventy cents per liter. This surge is threatening to hike snack prices and disrupt export deals, as Kosovo imports all its fuel and lacks government intervention. Neighboring countries have implemented relief measures, but Kosovo remains in political gridlock, leaving citizens and businesses in a precarious position.

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Kosovo's Fuel Crisis Threatens Snack Maker

Canada News Today | 2 Min News | The Daily News Now!

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Full transcript

Canada News Today | 2 Min News | The Daily News Now!Kosovo's Fuel Crisis Threatens Snack Maker. Machine-transcribed; use the interactive transcript above to jump the player to any line.

In Kosovo, one of Europe's poorest spots, fuel prices have spiked hard from the war in Iran, slamming businesses like the Snackmaker, Pestova. Their manager, Kustrim Adwazi, says wholesale diesel jumped from one euro ten cents to one euro seventy cents per liter. That hits their nearly one hundred acres of potato fields used for Vipachips sold everywhere locally and shipped abroad. Fuel imports every drop of fuel with importers cap that twelve percent profit, but costs are still soaring, right as spring planning kicks off. Pestova guzzles diesel for farming, and while they stocked up on fertilizer, these expenses could force snack prices higher if things don't ease. Folks are feeling it too, an IT worker in pristine and now drops one hundred euros to fill his tank, up from eighty euros, and he's eyeing an electric ride. As Razi's crew exports forty percent of output to over twenty-three countries on fixed deals that need ninety days notice to tweak, making planning a nightmare.

Neighbors like Romania, Hungary, and Serbia rode out farmer diesel breaks or tax cuts, but Kosovo's government has embushed to spy please. Experts warn every sector is exposed, from farms to everyday drivers, amid the countries post-2008 independent struggles and political. Very luck. With exports fueling growth and citizen squeezed, pressure is mounting for quick relief to keep this balken underdog from stumbling further. I'm Corey with the story. That's your Canada News today update, AI powered and always on.

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