Indrit Baholli

System for Electronic Archiving of Document in Republic of Kosovo- An Evaluation of Success Factors- Design-Reality Gap Analysis

Abstract Use of Innovation of ICT in activities of the public sector, referred to as e-Government, has helped governments to improve their services to citizens, to businesses and to government units by making them more qualitative and easily accessible. The initiative of e-Government in Kosovo was identified as a priority of the government in 2008 and since then a number of projects have been implemented, amongst them the System for Electronic Archiving of Document (SEAD). Since the partial or full failure of implementation of e-government projects is very frequent phenomenon in developing countries, the identification of success and failure factors of projects is necessary in order to address them on time. In this study are assessed the level of success of implementation of SEAD and are identified the critical success and failure factors of this system through seven dimensions ITPOSMO by using the Design Reality Gap Analysis. By measuring the design-reality gap across seven dimensions, we have assessed the success of the implementation of SEAD, which scored 18.05. Results from this study indicate that if no action is taken to reduce the size of gaps, particularly the gap in dimensions “Processes” and “Staffing and Skills”, project risks falling in the category “Partial Failure”. Findings from this research will serve to reduce the risks that may affect the successful implementation of e-governance in Republic of Kosovo, and also will serve other researchers in identifying the failure and success factors of e-Government in developing countries.

Corporate Bonds - The New Frontier for Corporates in Albania

Despite the fact that the Albanian economy and its business & banking system weathered an indirect shock, in the course and in the aftermath of the global financial and economic crisis of 2008, it revealed the characteristic phenomenon of cartel-like financing, of the economy and Albanian companies, by the banking system. This source of financing, as derived from an oversized and wholly bank–based economy, conveys all the issues and risks, accompanying the banking system activity, towards companies as borrowers, especially in times of economic contraction, in the form of tightened lending terms & conditions and lacking cost-effective and competitive financing terms.This paper addresses the importance of corporate bonds as a long-term source of finance and proposes their issuance, as a still-absent, but efficient & competitive alternative source of financing, for medium and large-sized enterprises in Albania, given the first signs of an emerging interest for bonds’ public issuance. Also, theoretical and practical advantages, regarding corporate bonds’ issuance, are mentioned in the paper, which could be easily energized and implemented by Albanian companies, in the frame of the existing legal environment in Albania.