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Mr. Maksim CASLLI – Country Leader of Deloitte Albania & Kosovo

November 8, 2018
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Basic RGB

“Important changes in the current business environment would be necessary to make Albania achieve in the near future double digits growth! “

 

FIAA: What are the core services that Deloitte Albania offers?

Mr. Caslli: Deloitte Albania offers a suite of exceptional quality services in Assurance & Audit, Tax, Legal, Financial Advisory and Consulting. Numerous private companies, non for profit organizations and public institutions rely on the opinions and judgements of Deloitte Albania auditors. Businesses from any industry can count on us to provide them with the most basic operational services such as bookkeeping and payroll; as well as less routine services such as advisory on M&A, valuation, debt and equity financing, restructuring, liquidation. Our tax and legal experts are leaders in ensuring compliance to and optimization of all applicable legislative and fiscal requirements, be they local or international. Another core service that Deloitte Albania offers is consulting in various areas – human capital, technology, strategy and operations.In a few words any business in Albania needs business advice to be able to offer top services.

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Albania Tourism Investment Summit 2018

October 30, 2018
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The Albania Tourism Investment Summit is the Official Summit for the Albanian Tourism sector, set to take place at Mak Albania Hotel in Tirana on 27th of November 2018.
This Summit will be a unique networking event in Albania, an ideal opportunity platform to discuss challenges and developments in the tourism sector, to have in-depth discussions, to meet national and international key players and experts, to exchange ideas and follow stimulating conversations around the next big trends driving the sector.

Please learn more about the Summit at: www.albania-summit.com

To Register follow the link https://www.albania-summit.com/register

 We look forward to meeting you at the Summit workings!

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Survey on Business Compliance in Albania

October 29, 2018
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FIAA has recently conducted a Survey with its members focusing on Business Compliance.

The finalized survey is focused on the issue of Business Integrity, an important element for the business climate in the country. FIAA believes that talking and practicing good ethics, values and integrity in business is an integral part of the core values of the functional economies and necessary to fight corruption and to build transparency. The Survey’s outcomes will be presented and discussed in the coming days, in a dedicated Roundtable with the participation of business and related stakeholders in Albania.

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FIAA Partnering in the upcoming Tirana Economic Forum

October 28, 2018
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December 7th, 2018, Plaza Hotel Tirana, Albania

Tirana Economic Forum is a high-level meeting of the most influential Albanian and international political, corporate, and intellectual leaders to address pressing challenges currently facing Albania and the world.

The forum will provide an opportunity to identify and assess key growth challenges, learn from policy experiences in other countries, support the adoption of corporate social innovation practices in the private sector and identify a course of policy actions towards more competitive and inclusive economies in Albania and South East Europe.

For more information please visit: http://www.tiranaforum.com

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FIAA Representatives of Mining Committee meets with the Deputy Minister of Industry in Albania

October 22, 2018
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A delegation of FIAA representatives from the Mining Industry has meet with the Deputy Minister for Energy and Industry Mr. Aliko to discuss on the current situation of the mining industry. The talks were mainly focused on the recent changes presented in the New Fiscal Package for the increase of Excise Tax in bituminous coal and related articles which do fiercely affect the ongoing activity of the companies operating in this sector. Other concerns discussed with the Deputy Minister were related with the necessity to incentive Exploration activity in Albania and create new reserves of minerals. The sector representatives stressed out the need that the mining industry has for reviewing the existing legal framework and work towards a sustainable strategy which would make this industry attractive to the eyes of new investors.

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FIAA contributes on the talks for the Drafts of Fiscal Package 2019

October 17, 2018
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Recently, the foreign business community was presented with the second package of Drafts for the Fiscal Package 2019. Being part of the Fiscal Council in the Ministry of Finances, FIAA distributed the proposed articles to its members ‘Community for opinion and feedback. Among the proposed articles which were subject to changes were related with: “Tax Procedures”;“Income Law”; “Excise Law”; “Withholding Tax”, and other articles. FIAA has officially addressed its position to the Ministry of Finances reflecting all the recommendations and opinion of its members. Most of the proposed articles were also addressed during the presentation of the Fiscal Package in the National Economic Council Meeting.

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INVESTMENT COUNCIL Meeting “On Formalization and Competitiveness in Tourism”

October 16, 2018
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The Investment Council (IC) hold its regular meeting this time focused on “Formalization and Competitiveness in Tourism.” Chairing this Council, Minister Ahmetaj said that “Although the tourism sector has a substantial growth, its formalization remains a challenge for the country. During the last tourism season, many tax control structures were engaged, although in the focus were not penalties, but taxpayers’ education and, of course, further formalization. ”

Following, Head of the IC Secretariat, Ms Diana Leka delivered a presentation on the Secretariat’s analysis focusing on the impact of informal activities and fiscal evasion in the competitiveness of the sector. The objective of the analysis was identification of the fiscal, legal and regulatory measures, necessary to address sector’s high informality and their alignment with the general framework of policies and strategies for the development of the sector.

 

For more information please visit: https://www.investment.com.al/6408/

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2018 EIRA-Energy Investment Risk Assessment

October 7, 2018
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EIRA is a distinct publication which aims at assessing specific policy, regulatory and legal risks concerning foreign and domestic investment in the energy sector of different countries.  Considering FIAA’s active role in the energy sector of the country, the Secretariat trusted FIAA to be a peer reviewer to the EIRA project, and bring attention to the challenges faced by the business and investor communities and maybe contribute to reducing the investment risk in the energy sector in the country.

The publication incorporates perspectives from all relevant sides in the country (the government, industry, investors, financial consultancy and law practitioners.

EIRA 2018 represents Energy Charter Secretariat’s efforts to assist both governments and investors in reducing the level of risk in the international energy sector and thereby unlocking investment for a sustainable energy future.

 For more information on EIRA 2018 please do contact us.

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FIAA receives the New President and CEO of Bankers Petroleum Albania it its premises

October 4, 2018
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President of FIAA, Mr. Tom K. Larsen and Deputy President, Mr. Turker Sengonul developed an introductory meeting with the President and CEO of Bankers Petroleum Albania, Mr. Xingyun Sun.

Bankers Petroleum is now part of the successful Chinese Oil Company  GEO -Jade, which has moved all out its HQ functions from Calgary to Fier with special focus on the only business in Albania. Mr. Sun has recently moved to Albania to lead operations of Bankers in the country which is among the most important foreign investments in Albania and one of the most outstanding members of FIAA. Mr. Sun sad that the company is expanding its investment and oil production in Patos Marinza oil field and plan to continue to heavily increase their investment next year in the oilfield. Meanwhile, he mentioned that for their business is very crucial having a stable and favorable environment in the Country. Mr. Sun stated that he will willingly commit to the FIAA’s mission along with bringing  more Chinese investors in Albania.

FIAA Executives welcomed his intentions and look forward to strengthen this cooperation.

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Mr. Rohan D’SOUZA – Country Manager of Shell Upstream Albania

July 23, 2018
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“Shell wants to assist building a thriving energy industry in partnership with the Albanian Government”

FIAA: What is your role and background?

Mr. D’Souza: Earlier this year, I was delighted to be appointed as the Country Chairman and Commercial Manager for Shell’s activities in Albania. I have previously lived and worked in numerous countries around the world including in Africa, Asia and Australia across nearly all of Shell’s business’s: Upstream, Integrated Gas, and Downstream.

What are your impressions of Albania?

I was thrilled at what a beautiful and pleasant country Albania is to live in. The country has incredible natural beauty that will undoubtedly make Albania a tourist haven. But perhaps the most notable thing is the positive transformation we see in Tirana itself – improving infrastructure and a thriving atmosphere. From a Shell perspective, we are also committed to the development of this beautiful country.

What is Shell’s upstream project in Albania?

Shell is currently appraising an oil and gas prospect called Shpirag near the city of Berat. We operate under a contract with the Albanian government. As a part of that Shell puts significant amounts of dollars upfront to fund the exploration and development – with significant risk to Shell as it is exploration after all. In the chance that we are successful, the benefit is then significantly shared with the Albanian Government.

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