Prizren is home to the annually held documentary film festival Dokufest.
For a long time the economy of Kosovo was based on retail industry fueled by remittance income coming from a large number of immigrant communities in Western Europe. Private enterprise, mostly small business, is slowly emerging. Private businesses, like elsewhere in Kosovo, predominantly face difficulties because of lack of structural capacity to grow. Education is poor, financial institutions basic, and regulatory institutions lack experience. Securing capital investment from foreign entities cannot emerge in such an environment. Due to financial hardships, several companies and factories have closed and others are reducing personnel. This general economic downturn contributes directly to the growing rate of unemployment and poverty, making the economic viability in the region more tenuous.
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