Mr. Constantin von Alvensleben, Board Member of FIAA, Country Manager at Voltalia Albanie sh.p.k and the Chairman of FIAA’s Energy Industry Council, represented FIAA in the #Business2030 Conference organized in May 31st by the United Nations Albania and the Embassy of Sweden in Albania, which brought together international and local businesses, policy makers and experts discussing and focusing on sustainability practices and the UN’s Sustainable Development Goals (SDGs).Read More
FIAA Annual Assembly Meeting 2023
FIAA is happy to announce the election of 4 new members in the Board of Directors elected during the Annual Assembly Meeting 2023 held in May 16th.
FIAA’s Management thanks all the Members for the support and cooperation throughout 23 years existence of FIAA in Albania!
Special thanks for the continuous commitment in the FIAA BoD to the leaving members Mr. Ante Frens, Mr. Bozhidar Todorov and Mr. Gasmen Toska.
Congratulations and Welcome to the new BoD members:
Mr. Constantin von Alvensleben, Country Manager at Voltalia Albanie
Mr. Emil Georgakiev, CEO and Member of Board of Directors Chief Executive at ONE Albania
Mrs. Rigela Gegprifti, Country Head at Statkraft Albania/Devoll HPP
Mrs. Stela Dhami, MBA, LEED GA, Managing Partner at Colliers Albania
Along with the existing serving President Mr. Alessandro D’Oria, Board Members Diego Pisa, Sokol Elmazaj and the Executive Director Ms. Marinela Jazoj.
We will continue to work together for a Better Investment Climate and a Stronger Foreign Business Community in Albania!
Blerina Memo, ACCA Elvis Ponari, MBA, MSc
#FIAA #Albania #BoardofDirectors #MembersAssembly #AnnualReport #StrategiesForward #BusinessEnvironment
Roundtable Meeting of the Tax Committee of FIAA
The Tax Committee of FIAA met with the larger base of the members and made a presentation of the key Changes and main challenges encountered in the Newly approved Law on Income Tax that will be effective from January 1st 2024. In this meeting was present Mrs. Zarina Taja, Director of Fiscal Harmonization Directory in the Ministry of Finance and her Team, who have been continuously cooperating with FIAA Representatives during the Draft Law consultation phase.Read More
FIAA in the Business Climate Forum 2023
The President of Foreign Investors Association of Albania – FIAA, Mr. Alessandro D’Oria was invited by the Government of Albania to the Opening Session of the Business Climate Forum 2023, “Business climate, productivity and human capital”, as the main representative of the Foreign Investors Community in Albania.
During his word, Mr. D’Oria delivered a clear message to the Government of Albania, highlighting that while recognizing the big potential for investments the country has, there are still many challenges that the Government has to continue working on. There is need to further improve the business climate and only a synergic work between the institutions and the business can improve the conditions on which we are all committed.
Referring to the title of the Forum, Mr. D’Oria added that “We all agree that Productivity growth is the fuel that powers a thriving economy and leads to more jobs and a better quality of life which leads to a sustainable economic growth. Business is the backbone of the economy and the Government needs to proceed in this direction, taking actions by understanding the factors that drive productivity growth and designing policies that support businesses to become more efficient and competitive.
As FIAA, we want to avail our support and together work to tackle these challenges and ensure that everyone benefits from a productive and thriving economy.
FIAA thanks the Government of Albania for the efforts taken to improve the business climate of the Country and will the continue the cooperation and dialogue with the Foreign Investors Community in Albania.
Mr. Constantin von Alvensleben – Country Manager of Voltalia Albanie and Chairman of FIAA’s Energy Industry Council
FIAA: Mr. Constantin, you joined recently Voltalia Albanie as the Country Manager in an important phase such the Project Construction. Could you tell us about this experience of yours in Albania?
Mr. Alvensleben: I started as Country Manager for Voltalia in Albania in November, have now been on the job for half a year and must say that I really enjoy having joined the energy field. Compared with air transport it is a much more competitive sector, and the current situation where Albania is moving to diversifying its energy mix, introducing more solar and more wind energy sources, presents a lot of opportunities.
I have also been welcomed by a motivated and competent team at Voltalia Albanie SHPK, which even has grown since I started. And finally, yes, we have a very important project in construction, the Karavasta Solar Project on 200 ha and installing a capacity of 140 MW. All this energy will be made available to Albanian consumers. The construction is progressing well as we speak, and we are confident to deliver power as of the fourth quarter of 2023.
How is the company coping with the challenges of the Albanian Market? Are there further plans for more investments in the Energy Industry?
Our company Voltalia Albanie soon will have 25 experienced employees and will continue to be supported by the competence centers of Voltalia in Paris and Porto. For me, it is key to have a competent and motivated team available, so that we can manage the ongoing construction in Karavasta well, but also continue the development of our future projects, most notably the Spitalla solar project, but also further wind and solar opportunities on which we are working intensively, but which I cannot name at this point. So, later this year and next year, we will be able to present further investments.
What improvements in your business-operating environment do you think are important for attracting more foreign investors in Albania?
Speaking in the first place about energy, I think even more foreign investment can be achieved by maximum transparency about the goals of the Government. This does not mean that the Albanian Government has not been clear. It has strongly prioritized new investments in renewable energies, in particular solar and wind. At this point in time, I believe it is helpful for the Government to confirm its objectives in this field and bring further auctions in wind and solar to the market.
But you also asked for improvements of the business climate in general. This is a field in which FIAA has been active at all times and I am happy that I have been part of it since 2020. There are always the general topics, which should never be forgotten: fight against informality, fight against corruption, continue the reform of the justice system. However, there are also legislative improvements in many fields which are important. In 2021, FIAA has presented its White Book with more than 100 proposals for legislative improvements. Government has taken the White Book very seriously and engaged in a consultation process with FIAA and other associations. But of course, not all suggestions have been dealt with, and everybody knows that legislative reforms and improvements are an on-going process. For the sake of future foreign investment, I think FIAA must remain engaged with Government for further improvement of the business climate.
In addition of your role as the Country Manager for Voltalia Albanie, you have been trusted with the role of Chairman in the FIAA Energy Industry Council. Which is the main mission of this Council and what are the current Matters in Energy Industry that the Government should focus more?
I am very glad to be able to serve the energy industry in Albania in this role and thank my industry colleagues for their trust. The purpose and task of the FIAA Energy Industry Council will be to align all industry participants on the on-going issues, which shall be presented to Government of Albania. Government needs structured feedback on its legislative initiatives. We shall provide it and will aspire to be a competent and reliable, but at times also a critical partner of Government of Albania in the field of energy policy. Main fields are the secondary legislation for the new Law on Renewable Energy, on which we will ask to be consulted. And we will present general matters of concern, such as quality and capacity of the national grid, capacity of connection points/ substations, efficiency of permitting processes, reaction times of cadaster offices and last but not least, the framework for balancing services.
As energy is a dynamic sector of high economic importance, I am happy that FIAA devotes attention to this industry by setting up this Council. It shall be a part of FIAA and always act under its roof, promoting FIAA’s mission, namely to improve the business climate and to be the true voice of the investors.Read More
FIAA revitalizes the Energy Industry Council and elects the New Chairman
The members of the FIAA’s Energy Committee gathered in March 31st to discuss on the common concerns and challenges of the Energy Industry in Albania.
During this meeting, it was agreed that the role of the Energy Committee to go to another level, by formally establishing the Energy Industry Council, which will serve as a platform for dialogue and consultation with the Albanian institutional bodies and beyond.Read More
World Bank’s New Country Partnership Framework Supports Greener and More Resilient and Inclusive Growth in Albania
The World Bank Group’s (WBG) Board of Executive Directors endorsed in DC, March 16th, a new five-year Country Partnership Framework for Albania for the period 2023-2027 as well as four new operations.
The strategy aims to help the country recover quickly and transform into a more robust, equitable, resilient, and greener economy, as well as healthier and more productive lives for the Albanian people. The new strategy will focus on three key challenges: more and better jobs, stronger and better use of human capital, and increased resilience to natural disasters and other shocks, all of which will be intersected by efforts to leverage digitalization and enhance inclusion.
For more information please visit: https://www.worldbank.org/en/news/press-release/2023/03/16/world-bank-new-country-partnership-framework-supports-greener-and-more-resilient-and-inclusive-growth-in-albaniaRead More
Joint press statement following the 12th meeting of the EU-Albania Stabilization and Association Council
The EU-Albania Stabilization and Association Council (SA Council) held its twelfth meeting on 16 March in Tirana. The meeting was chaired by Mr Josep Borrell Fontelles, the EU High Representative for Foreign Affairs and Security Policy.Read More
FIAA organizes the Conference “Energy Challenges towards Transition and Sustainability”
In March 10th, FIAA together with the Ministry of Infrastructure and Energy of Albania and the State Agency for Strategic Programming and Aid Coordination (SASPAC) organized the Conference “Energy Challenges towards Transition and Sustainability”.Read More
FIAA’s Executive Director met with Ambassador of France and Rector of the Polytechnic University
At the initiative of H.E Elisabeth Barsacq, Ambassador of France in Albania and Professor Andrea Maliqari, Rector of the Polytechnic University, Ms. Marinela Jazoj represented FIAA in a discussion together with the French Chamber of Commerce in Albania on the collaboration opportunities, which would help to connect Business with Academia. The main focus of discussion was the potential of business to support and develop the Newly graduated Students from Polytechnic University of Tirana by offering them internship opportunities.Read More