Economics professor Ilir Hajdini remains optimistic that the 2020 agreement could be reactivated.

“There will be impacts, but it depends on how we approach the U.S. and who will be in the next government in Kosovo. They may also reopen negotiations that Kosovo had with Serbia under the Trump administration four years ago,” Hajdini stated.

In contrast, economic expert Emanuel Bajra is skeptical about the revival of the economic normalization agreement.

“I am not sure the 2020 agreement will be revived, because its main architect, Richard Grenell, is no longer responsible for Kosovo. Let’s not forget we are dealing with a highly unpredictable president,” said Bajra.

For economic analysts, the biggest risk for Kosovo in the coming period could stem from a scenario where Serbia refuses to recognize Kosovo’s statehood, despite Trump’s victory being welcomed by Kosovo’s institutional and political leaders.