Just a few years and a few months ago no one had heard of the coronavirus. Today this disease has profoundly changed the lives of millions of people. Thus, policy makers have been thinking about finding the answer to the economic crisis it has caused. What impact COVID-19 will have on the economy is immediately understood to be negative, but the extent of the damage will depend on the speed with which the authorities have undertaken to improve it and how willing governments have been to establish a kind of economic support for the immediate impact during the epidemic and the consequences it has caused. March 2020 Covid-19 immediate lockdowns played a crucial role in controlling the fast rise in cases. Countries that had failed to implement an immediate lockdown oversaw the immediate rise in cases, with worst-affected countries including Italy, the United States, UK, and Spain. Former US President Donald Trump insisted that the pandemic would not have been lethal if the countries engaged in immediate lockdown. Lockdown measures also bore positive results in European countries and finally Western Balkan. However, despite the low cases in Balkan, countries that implemented immediate lockdowns, such as Greece, Romania, Montenegro, Serbia, and Slovenia, saw a rise in unemployment. Unemployment rose from 4.8% to 46%, illustrating the negative impact of the pandemic towards socio-economic welfare, with primarily the disruption of SMEs and MNEs being a significant concern.

Through this paper, we were able to analyze the insurance system in Kosovo by looking at its structure, the degree of concentration of insurance companies in the insurance industry, and the types of products they offer. The analysis was based on statistical and qualitative data through the studies and analysis of insurance industry development in other countries. Furthermore, secondary data from the Central Bank of Kosovo, insurance companies, and the Insurance Association of Kosovo was used for the empirical analysis. Moreover, in order to obtain more data, one survey was conducted. The survey includes a more general audience, specifically employed people. The main research question of this study was whether insurance development has some effect on the financial markets in developing countries. The analysis conducted found that the insurance industry is important for the development of the financial markets in developing countries and also was mentation in research by Cristea, Marcu, and Cârstina (2014). Additionally, the analysis for the case of Kosovo shows that macroeconomic and financial sector-related factors are important drivers for the future development of the insurance industry in Kosovo. Therefore, macroeconomic, institutional, and regulatory environments are crucial for supporting the future growth of the insurance industry in Kosovo.

The purpose of this paper is to analyze leader’s role in unpredictable organizational world through critically analysing the leadership approaches and the roles of leaders in a mining conglomerate. Through a brief adaptive leadership literature review the paper presents main aspects of complexity theory, adaptive leadership, leader’s role in this framework and potential utilization of literature findings in real case of a mining conglomerate in Kosovo which is under reorganization process. Assenting to the literature the leader role has changed in direction of adapting the behaviour or leading approach based on the complexity of the environment that organizations are facing today. As anticipated the paper in fact, finds positive correlation of literature theory and practical use of several complex adaptive leadership aspects that the leadership of the mining conglomerate can consider during the reorganization process, with the purpose of adjusting their role accordingly to the complexity of the environment of the organization.

The purpose of this paper is to extract the important factors in the nature of insurance companies and their direct role in the economic and financial system development. This market study aims to analyse the insurance system in Kosovo by determining and then analysing its structure, the degree of concentration of insurance companies on the insurance market, their behaviour towards price, number of participants, companies operating in this market and types of products and services they provide. Our analysis are gathered on statistical and qualitative data through the study of the theories on insurance market development in other countries. Furthermore, for the empirical analysis, we used secondary data from Central Bank of Kosovo, Insurance Companies and Association Insurance of Kosovo. Also, we conducted two surveys. First, we conducted a survey with finance managers from all insurance companies and secondary survey was in general, for people who work. This way we tried to get a better understanding of the issue at hand.  The identification of these factors would enable insurance companies to design policies that tackle the demands of consumers for voluntary insurance policies and at the same time to contribute to financial stability of Kosovo’s economy. At the end we have to come out with conclusions on the main research question: Does Insurance Development affect the Financial Markets in developing countries? The expected outcome is that the insurance sector in Kosovo is an important factor for the further development of the financial system.

This paper intends to analyse the impact of global economic crisis on the economy of