• Foreign Investors Association of Albania
    Foreign Investors Association of Albania

ACTIVITIES & NEWS

PRESS COMMUNICATION FROM FOREIGN INVESTORS ASSOCIATION OF ALBANIA

22/09/2016

FIAA strongly condemn the recent and violent criminal attack perpetrated against the Administrator of OMNIX Group in Albania, Mr. Fadi Mitri.

The event had occurred in a moment in which FIAA, the International Partners as well as the Government of Albania are intensively working together in order to improve the Business Climate and to attract new foreign investments, much needed for the development of the Country and the improvement of Albanian‘ standards of living. This is a clear case action committed by single out-of-Law-individuals which can put at risk the reputation of the whole Community.

FIAA, even assuming it is an “isolated case” and appreciating the timely reaction of the Law enforcement forces, urges the State Institutions to take the strongest possible measures against those “common enemies”. Moreover, FIAA takes the opportunity to remind how important was the approval of the Justice Reform, so effectively supported by the Association from the beginning.

FIAA, as a representative of foreign Businesses that apply the best practices and the highest ethical standards,   stands ready to cooperate with all the healthy components of the Civil Society and with the State Institutions in order to avoid these unfortunate events happen again in the future.

Interview with Mrs. Romana Vlahutin – European Union Ambassador to Albania

“Justice Reform will contribute to creating a more predictable and transparent business environment in Albania”

Romana Vlahutin, Ambassador of European Union in Albania, panelist 2 Session 1FIAA: What is your impression on the current business operating environment in Albania?

Mrs. Vlahutin: Despite its dominant role in the economy, business is held back by significant shortcomings in the regulatory environment and the rule of law. To Business Operating in Albania, the challenges remain mainly related to judicial system, property rights enforcement, contract enforcement, fight against corruption and informality.

Whereas, Albania has great potential to develop in terms of its geographical position, natural resources, and relatively cheap labor force, it still has to improve labor skills, to improve trade logistics, reduce the regulatory burden to businesses and ensure law enforcement in order to increase its competitiveness and attract foreign investors.  read more »

Interview with Mr. Christian Canacaris – CEO of Raiffeisen Bank Albania

“Justice Reform can increase investment in Albania”

Christian AR

FIAA: What are your impressions of the business operating environment in Albania currently?

Mr. Canacaris: The environment has improved a lot in recent years, especially after the international crisis of 2008. For sure the growth in 2016 is much higher than in 2015, which was higher than 2014. The overall environment is not so bad. Of course, it can always improve.

What have been some of the drivers of this change in recent years?

The payment of the arrears by the state was an excellent move; the state needed to do it and it did it properly. And the power reform was also a good move; it has improved the business climate. read more »

Keeping up on fighting corruption concern

Another product of the Albanian – Slovak cooperation is the preparation of some recommendations which would help the Government to fighting against corruption in Albania. These measures have been addressed by FIAA to the Albanian Government as measures to improve fighting corruption through a new approach towards online transparency and good governance.

read more »