In frame of the cooperation with Business Alliance of Slovakia on Project, “Improving Business Environment in Albania”, FIAA finalized the Four Quarters Chart for Business Environment Index during Year 2015. The results refer to the main objectives of the survey which are the Index of the Business Environment and the Assessment of the Laws impact in Albania for year 2015.
The results were gathered mainly from businesses operating on Energy, Mining and Hydrocarbons sectors and were focused on changes in the Business Environment elements in Albania and the identification of key trends and barriers to business.
Among the elements which were perceived as most negative are: Law enforcement; Judicial efficiency; Tax Legislation; Understanding, applicability and stability of the legislation; Bureaucracy; Corruption in public institutions; Unfair competition, crime, lack of rule of law; Price Stability; Functionality of public institutions and of political system in the country. While other factors such as labor legislation, regulations related to licenses and certifications, infrastructure and access to finance were perceived as positive by this group of companies.
Development Chart of Business Environment Index for Year 2015
Another analyzed element was Monitoring of the Business Climate in Albania through the impact of economic and social laws and regulations approved during the year by Albanian parliament. Some of the assessed Laws during the survey period, which were perceived with negative impact from business, were the new Law on Value Added Tax 2015; the Income Law and the new Draft Law on Tax Procedures in Albania, while there is positive expectation and perception for the Laws on Strategic Investments, Tourism, on Public Private Partnership and the new Directive on Transfer Pricing law in Albania.