Author Archives tdbsupport

On March 23^rd, FIAA hold the annual Assembly Meeting of the Members and conducted election of three new Board Members and approval of some amended proposals to FIAA Bylaws.

In his opening speech the Vice President of FIAA, Mr. Dietlof Mare welcomed present FIAA members and made a short overview on the mission of FIAA and the performance of the organization during the last year which was notable through many taken actions in support of the members for a better investment climate in the Country.

In March 2016 Bank of Albania organized a Meeting Discussion with representatives of business associations and executives of the banking system on “Business – Banking Relationships:  Lending perspective 2016” a tradition of dialogue of the Banking System and Business for further strengthening of cooperation.

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In March 2016, FIAA and RisiAlbania met with Economic Attaches of Foreign Embassies in Albania to promote the Brochures which were prepared in frame of the project for the attraction of foreign investors in Agro-Processing, Tourism and BPO.

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At the initiative of the Ministry of Economic Development, Tourism, Trade and Entrepreneurship, on March 2016 it was organized a meeting to present the steps that the Albanian government has pursued within the freedom of doing business. The Minister stated the commitment of the government to improve business climate and the need for consultation with the business initiatives in this field, needs for establishment of legal and procedural infrastructure facilities for all businesses operating in Albania. Government’s commitment to short steps will affect Albania’s positive ranking for Doing Business 2017 Report.

“Porto Albania” is a project led by the Swiss investment and project management company FINSEC Ltd Zug and its Albanian subsidiary FINSEC Port SHA Tirana, which will construct Albania’s first international yacht harbor with capacity to accommodate about 720 yachts, and a chain of supportive campus of hotels, residences, restaurants, shopping centers and sport fields on the ground, aiming to become a real benchmark for the tourist industry in Albania and abroad.

The EBRD and the Government of Albania in early 2014 have signed a Memorandum of Understanding on improving the investment climate in Albania, laying out a number of areas for cooperation between the Government and EBRD, in the areas of improving economic governance, combating corruption and tackling informality. The MoU also envisaged the two parties expanding the field of EBRD engagement in a gradual manner, in order to assist the Government with new policy reform priorities.

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The Black Sea Trade and Development Bank (BSTDB) and the Foreign Investors Association of Albania signed a Memorandum of Understanding aiming to establish mutual beneficial cooperation, supporting efforts for favorable conditions for regional investments and promoting awareness of activities of both bodies in Albania and to the greater Black Sea region. The ceremony was hold in Tirana on February 2016.

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The Ambassador of Switzerland in Albania, Mr Christoph Graf hosted in February 2016 a business event with representatives of business organizations and present Swiss Business Community in Albania. The meeting aimed the presentation of the Corporate Governance Institute Albania and a success story for CSR in Albania. The Chairman of CSR Network in Albania and General Manager of ANTEA, TITAN Group, Mr. Adamantios Frantzis presented the success story of Antea Cement in Albania.

Present businesses had the chance to ask questions, discuss on cooperation opportunities and common concerns towards business environment in Albania.

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.