Technical Economic Development Areas now launched in Albania

Technical Economic Development Areas now launched in Albania

June 8, 2015
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by tdbsupport
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in News
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The Government of Albania (GOA) has taken good steps to creating new Technical and Economic Development Areas (TEDAs), considering this a highly effective and competitive instrument for promoting domestic investment and attract foreign investments.

According to the Law, the term “Technical and Economic Development Areas”, means “Free Zone” with respects to the customs code of Albania.

In this framework, The Ministry of Economic Development, Tourism, Trade and Entrepreneurship (MZHETTS) will soon start the tendering Procedure for the selection of the Developers in these Areas.

TEDAs’ revitalization is of key importance to the GOA which will spur the development of the Albanian economy.

If you need more information about this Law,  please do not hesitate to contact us.

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