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PRESS RELEASE

 BUSINESS ENVIRONMENT IN ALBANIA

 SURVEY FINDINGS 2023

Tirana, October 25^th, 2023: Today, FIAA presented findings of the Business Environment in Albania Survey 2023 , which was conducted during August – September 2023 within FIAA members and foreign investors network in the country.

Main respondents of this Survey were important foreign businesses in Albania in the sectors of information and communication technologies, heavy industries & mining, energy and environment, financial services, trade, logistics, tourism, consulting services, etc.

FIAA’s President Mr. Alessandro D’Oria and Ms. Marinela Jazoj received in the association’s premises the new Ambassador of Germany in Albania H.E Mr. Karl Bergner and the new Deputy Ambassador Mr. Jannis von Oy.

Following the call of the Ministry of Finance and Economy, the FIAA’s Tax Committee members have continued the discussions on the reviewed draft instruction issued for the new law on Income Tax and provided feedback and suggestions to the Ministry and given specific comments on those issues which are considered important for the finalization of the Law.

Recently, this committee has gathered and discussed other relevant concerns related to other Laws such as, the Double Taxation and problems encountered with its implementation and interpretation from Tax Authorities. This Committee, in cooperation with the other Committees within FIAA is also working on the midterm review of the White Book 2021-2025, which will be part of a package of suggestions to be presented to the Authorities for a follow up.

FIAA’s Chairman Mr. Alessandro D’Oria and Board Member, Mr. Sokol Elmazaj had a discussion meeting with the Minister of Justice in Albania, Mr. Ulsi Manja. Main points of the discussions were focused on the cooperation that both institutions could intensify in the near future. The mission of FIAA is to foster dialogue and cooperation with the government and other institutions for a better investment climate and the Ministry of Justice as the National Coordinator for Anti-Corruption, would be a good starting point to work together, in particular to offer FIAA input to the fight against corruption, necessary reforms and mechanisms.

FIAA’s Executive Director, Ms. Marinela Jazoj held a courtesy meeting with H.E Mr. Niklas Ström, the newly appointed Ambassador of Sweden in Albania. During the meeting they discussed on the current business environment in the country and the role of FIAA Business Network on the improvement of the doing business climate towards a European entrepreneurship culture.

On October 3rd, the Prime Minister of Albania Mr. Edi Rama and the Minister of State for Entrepreneurship and Business Climate Mrs. Delina Ibrahimaj invited all business organizations in the “Deregulation and Business Climate” roundtable for a discussion and interaction to further improve the business climate.

Foreign Investors Association of Albania – FIAA is proud to be a testimonial of the ANTEA Cement in their recent achievement, the refurbishment of the Kruja Maternity Hospital “Stefan Gjoni“, as part of the Company’s Corporate Social Responsibility.

Ms. Marinela Jazoj represented Foreign Investors Association of Albania – FIAA in the Israel – Albania Business Forum organized in Tirana on September 7th, 2023.

This Forum convened over fifty commercial companies of both countries with the aim to attract investments and build connections in the fields Albania is focusing to develop on a national level, such as renewable energy, tourism, agriculture and water management, and cybersecurity.