Author Archives Fiaa User

Albania’s economy, like other countries in the region, is recovering faster than expected after the historic recession created by the COVID-19 pandemic. Following the contraction of the economy by 4 percent in 2020, GDP growth is projected to reach 7.2 percent in 2021, one of the highest among Western Balkans countries, says the latest edition of the Western Balkans Regular Economic Report, Greening the Recovery.

#WhiteBook is a fruit of the commitment and expertise of the several FIAA professionals and experts operating in a range of industries, engaged in a year-round consultative process.

#FIAA acknowledges the contribution of the White Book Working #team #AlbanianAssociationofBanks #BogaandAssociates #DeloitteAlbaniaandDeloitteLegal #ErnstandYoungAlbania #KaloandAssociates #KPMGAlbania #PwCAlbania #FIAAMembers

White Book 2021-2025

The Association of Foreign Investors in Albania (FIAA) presented the third edition of the White Book 2021-2025, a document for the improvement of the business climate in Albania. The presentation of the Book marked the 21st anniversary of the Association. The event was attended by Government, Diplomats, International Organizations as well as representatives of the foreign business community in the country. Published every 4 years, since 2013, the White Book is an appeal of foreign investors on the business climate in Albania and a transparent platform for dialogue with the authorities. Its purpose is to facilitate business in Albania by removing unnecessary barriers and to give concrete proposals for appropriate reforms in the country.

FIAA’s President Dr. Constantin von Alvensleben and Deputy President Mrs. Rigela Gegprifti had a meeting with the New Head of EBRD in Albania Mrs. Ekaterina Solovova and Mrs. Endrita Xhaferraj, Principal Counsellor of Governance and Political Affairs.

Mr. Alvensleben presented the long cooperation FIAA and EBRD have had in Albania, the respective roles and contribution at the best of country’s business environment, in particular the long cooperation with the Investment Council Platform.

FIAA’s Executive Director Ms. Marinela Jazoj met with the Newly appointed Minister of State for the Protection of Entrepreneurship Mrs. Edona Bilali. Together with the former Minister, Mr. Eduard Shalsi, the New Minister, had a friendly welcome and open discussion with the representatives of key Business Associations and Chambers in Albania.

FIAA is part of the Multi Stakeholder Group at EITI Secretariat Albania

The Extractive Industries Transparency Initiative – EITI, is an international initiative with main object to develop and implement a mechanism for declaring revenues earned from the use of Natural Resources through Extractive Industries, publishing of these data in an understandable format by everyone and their oversight by providing to the general public information on public revenue and expenditure, thus, contributing to a public debate and the establishment of mechanisms for the good governance of these revenues to the benefit of communities. The EITI process can be further tailored and adapted according to the current context of each implementing country, in order to meet the information needs of stakeholders, as well as the needs to tackle the sector with important reforms, based on this data.

FIAA’s Executive Director, Marinela Jazoj met with the Head of UK Trade Policy for the Western Balkans Mr. Gareth Evans. The UK Trade Policy office based in Belgrade covers the Western Balkan six countries, including Albania and their role stands to support UK companies looking to trade, invest and find opportunities across the Western Balkans.

In this meeting Mr. Evans was presented with the role and Work of FIAA on the Business Environment in Albania and exchanged the views, insights and potential for more foreign investors coming to Albania.

The EITI Standard requires that the government, extractive companies and civil society are fully, actively and effectively engaged in EITI implementation. The Secretariat is seeking views from relevant Stakeholders! Please read the Link and give your views!

https://www.albeiti.org/site/en/albanias-2021-eiti-validation-call-for-views-on-stakeholder-engagement/

FIAA’s Executive Director Ms. Marinela Jazoj and Statkraft Representatives have conducted a series of meetings with Mrs. Gunn Vick, Director of Hydro Power at NORWEP (Norwegian Energy Partners) exploring potential cooperation and opportunities in the region. Both Institutions share common values and interests which would help both to create synergies for respective memberships and potential partnerships among businesses in Norway and Albania. FIAA and NORWEP will soon work towards a potential Conference with Companies and institutions from both countries where will be shared experiences and know-how on the Renewable energies as well as grounds for new potential investments.

At the occasion of the appointment of the New Minister of Finance and Economy, FIAA’s Board Representatives, President Mr. Alvensleben, Deputy President Mrs. Gegprifiti and Executive Director Ms. Jazoj were received for a courtesy Meeting by the New Minister, Mrs. Delina Ibrahimaj.

The meeting was mainly focused on the business climate in Albania, Reforms in process and the endorsement and support to the publication of White Book 2021-2025, a document providing recommendations from the business community on various obstacles business has with current legislation, fiscal issues, etc.