Author Archives Fiaa User

FIAA is elected Member of the Advisory Committee for Private Tourism Sector

February 16, 2022
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The Ministry of Tourism and Environment has recently established the Advisory Committee for Private Tourism Sector, with participation of national business associations, chambers and commerce, Academics, NGOs and stakeholders operating in tourism industry.

The first meeting of the Committee was hold on February 15th, at the presence of the Minister of Tourism and Environment, Mrs. Mirela Kumbaro. FIAA was represented in the meeting by the Executive Director, Ms. Marinela Jazoj, at the quality of Permanent Member of this Committee.

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Albania’s Future Growth Requires Stronger, More Sustainable Economic Model

February 11, 2022
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WASHINGTON, February 11, 2022 – Albania’s economic model requires greater investment in people’s skills, firm productivity, sustainability, and public finances, says the new World Bank Country Economic Memorandum (CEM) for Albania, released today.

Albania has been severely impacted by the economic shocks which followed both the 2019 earthquake and the COVID-19 pandemic. Once the ongoing health crisis subsides, the country will need to refocus on its long-term economic objectives, which include building a strong and sustainable growth model to improve citizens’ living standards, thereby helping incentivize people with skills and talent to remain in Albania.

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Mr. Emil Georgakiev, CEO of ONE TELECOMMUNICATIONS sh.a

February 8, 2022
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20+ years’ milestone in FIAA 

FIAA: ONE Telecommunications is the first mobile telecommunications company in the country launched with the brand AMC, present in Albanian market since 1996. How would you describe the consistent growth and sustainability of your business in Albania as our country has been growing into a more mature market economy?

Mr. Georkaviev: ONE Telecommunications is an operator with 26 years of experience and glorious history. We are the operator who launched the first mobile network in the country, opening widely the door to technology world for Albanians. Of course, since 1996 the market requirements have changed a lot. To adapt with these changes and respond to customer demands we kept our network and services aligned with every new technology trend and innovation with one simple goal, to provide the best quality for our customers and lead the telecom industry in the country. All these years, the company was developing and transforming aiming to respond and satisfy the best on customer’s needs.

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Mr. Luca Busi, President of Coca-Cola Bottling Shqipëria

February 3, 2022
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20+ years’ milestone with FIAA”

FIAA: Coca-Cola Bottling Shqipëria entered the Albanian market in 1994, thus being among the first foreign entrepreneurs to invest in the country. How would you describe the development of your business in Albania since our country is going through a more mature market economy?

Mr. Busi: Based on recent years ‘analytic data, Albania is showing and demonstrating some very interesting growth in numbers. Today, many entrepreneurial realities are expanding more and more their business in the Albanian market. CCBS was a pioneer investor, which officially entered Albania 28 years ago, impacting significantly and positively both, economy and culture.

We decided to invest in Albania during a difficult period, a country with a troubled political history, isolated from international realities and foreign markets’ landscape at that time. When we entered the country, it was just 4 years after the collapse of the totalitarian system, but we envisaged the changing of that realty towards a new Albanian appearance.

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Avv. Mario Tonucci, Managing Partner of TONUCCI & PARTNERS Albania

January 31, 2022
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“20+ years’ milestone with FIAA”

FIAA: Tonucci & Partners is the first foreign Law Firm in the country, present in Albania since 1995. How would you describe the development and sustainability of your firm in Albania as our country has been growing into a more mature market economy?

Avv. Tonucci: Tonucci & Partners Albania Law Firm has always been recognized as a leading law firm in Albania able to offer very professional and timely services with excellent quality, in compliance with the highest international standards.

With its presence in Albania, Tonucci & Partners has been a direct witness and active contributor to the continuous growth of the economic, social and regulatory development of Albania with significant results, making possible for the country to be closer to the entry into the European Union.

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Roundtable with Minister of Finance and Economy

January 31, 2022
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The Improvement of the Investment Climate in the country is the new focus of the Albanian Minister of Finance and Economy Mrs. Delina Ibrahimaj.  It was first stated by the Minister during the presentation of the White Book of FIAA in October 2021, where the Minister said that the White Book has been consolidated as a “platform” where foreign investors and state authorities discuss together the challenges of doing business in the country and comes as a long way guide, where we will need to improve and cooperate.

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Mrs. Katia Stathaki, CEO of Vodafone Albania

December 22, 2021
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“Vodafone Albania has always been a pioneer of introducing new technologies in the country”

FIAA: Finally, we have a female Leader for Vodafone Albania, this is a trend applied also to other industries and to the recent Governments. How is your experience in Albania going so far?

Mrs. Stathaki: Albania is a beautiful country to live in. When I was appointed to this role, I knew little about the country. Half a year later, I could not be happier for my appointment as Vodafone Albania CEO. I have not only found a great team here, but I have discovered also a beautiful country with an amazing spirit and hospitality.

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EBRD steps up support for tourism and agribusiness in Albania

December 7, 2021
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The European Bank for Reconstruction and Development (EBRD), OTP Bank Albania and the Albania Agribusiness and Tourism Support Facility are stepping up their support for companies in the country’s agribusiness and tourism sectors.

Together with the government of Albania and the European Union (EU), the EBRD is committing up to €7.11 million of loans to eligible firms in the agribusiness and tourism sector, risk-shared with its partner bank, OTP Bank Albania. The funds will be provided through the Albania Agribusiness and Tourism Support Facility (AATSF), a framework aimed at improving access to finance for small and medium-sized businesses.

The facility also includes a 10 per cent investment incentive for sub-borrowers in the agribusiness and tourism sectors, funded by the government of Albania and the EU, respectively. Borrowers will receive the grant incentive once their investments have been completed and verified. The facility will also benefit from a government-backed first-loss risk cover mechanism.

 

For more information please read: https://www.ebrd.com/news/2021/ebrd-steps-up-support-for-tourism-and-agribusiness-in-albania-.html 

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FIAA participates in the meeting with European Commission officials on Albania’s Economic Reform Program 2022-2024 (ERP)

November 18, 2021
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The Albania’s Economic Reform Program 2022-2024 is currently under drafting process. A European Commission team from DG NEAR visited Albania in mid-November with the purpose to interact with the relevant stakeholders on business environment, challenges and opportunities, policies to promote entrepreneurship and attract FDIs, concerns on informality as well as impact to competitiveness. FIAA was represented in this discussion by its Board Member Mr. Ante Frens who shared insights of the foreign Business Community and highlighted the preparation of the FIAA White Book as a very comprehensive and useful document containing both concerns and recommendations for the business environment on different themes and sectors of the economy. The White Book Document has been very welcomed by the European Delegation in Albania and highly appreciated by the Ministry of Finance and Economy.

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Ongoing Meetings on the Chapters of the European Integration Partnership Platform

November 17, 2021
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In frame of the discussions for the chapters of the European Integration Partnership Platform, FIAA’s representatives from the Membership have been highly active in the organized Working Groups. During the period September- November have been held introductory and discussion tables, specifically on the following Chapters:

Chapter 1 “Free movement of goods”, Chapter 3 “Right of establishment and freedom to provide services”, Chapter 6 “Company Law”, Chapter 7 “Intellectual Property Law”, Chapter 16 “Taxation,

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