Financial sector is world-wide considered the core component of the economic growth (Greenwood, 2013

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One of the major challenges of the post war Kosovo has been establishment and reform of education system and education institutions. Thus, this research aims to address effect of education in labour market outcomes for the period 2009 until 2013, through a theoretical discussion of four main points: the process of establishing the education system in Kosovo in post war period, the effect of education in labour market, participation of education in Kosovo's GDP and countries in the region, investments on education as the main opportunities for reduction of unemployment in Kosovo. In the methodology of this research paper are used secondary data and they are calculating by STATA program. The main analyses in this research paper are: descriptive statistics, regression method and correlation matrix. The results of analyses have shown that in one side education has positive impact on employment and youth employment rate, but it has shown negative impact on job seekers rate; then, on the other side vocational training has shown negative impact on employment but it has positive impact on youth employment rate and job seekers rate. In T-statistical analysis, all analyses have shown non-significance on both variables (education and vocational training) during the period 2009 -2013. In this research paper is concluded that Kosovo has high unemployment rate 35.3% (KAS Report, 2015) and most of Kosovo population is constituted by young people, thus this remains one of the biggest challenge for Kosovo state. Education (including vocational trainings) is shown as the best opportunity to reduce unemployment, especially at younger people, and to integrate them in domestic and international labour markets. Thus, the authors conclude that in order to reduce the high level unemployment rate, Kosovo institutions should focus constantly in creating and improving the education policies.

Business environment across different time periods of transition is challenged from different implications, such as: political and institutional instability, inadequate laws and corruption steadily and continuously increasing in transition countries. The main overview of research paper is focused in process of reforms and priority in business environment in transition countries. Then is identify the main obstacles and difficulties that business environment is faced in Kosovo and in detail is presented the reforms that are made from Kosovo institutions in business environment over the past few years. Through OLS method are analyzed separately three main areas that are included in research paper (institutions, law and corruption in business environment). The results have shown that institutions (through business policies) have positive impact on business environment, but political stability in Kosovo has negative impact in business environment. In analysis between law and business environment is appeared that role of law has negative impact in business environment, but protecting investors (through law) has shown positive impact in business environment. In the third analysis of corruption both variables (corruption and bribery) have shown positive impact in business environment in Kosovo. Kosovo should establish sustainable institutions, enforce the law and to reduce drastically the corruption, these are the main priority for a stable business environment. Furthermore, Kosovo should continue to improve the process of reforms in order to create a favorable business environment (such is in developed countries).