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The New Law for Strategic Investments was recently discussed with the stakeholders and approved. As stressed by Minister Ahmetaj during the session of the Economy Parliamentary Commission, the new law is expected to increase investments in the mining sector, transport, tourism and agriculture.

The new law on foreign investments predicts the administrative procedures and regulations, which will facilitate and accelerate the investment procedures. The law aims to attract and boost public and private investments and offer more easing procedures for local and foreign investors.

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.

“Attracting FDI-s in Agro processing, Tourism and ICT”

FIAA and RISI Albania organized the Launching Conference of a Joint Initiative on “Attracting Foreign Investments in Agro-processing, Tourism and ICT Sectors”. This initiative is a joint cooperation between FIAA and RISI Albania with the main goal to promote the Albanian potentials in the sectors of Agro-processing, Tourism and ICT to all those foreign Investors who are interested to invest in Albania.

This cooperation consists in the close collaboration among stakeholders, such as: Albanian Local Businesses, local Business associations, Bilateral Chambers of Commerce, AIDA, Ministry of Agriculture as well as Foreign Embassies in Albania. The Action is funded by SWISS EMBASSY in Albania and it is a co-financed two years initiative between RISI Albania and FIAA, where RISI is the main supporter.

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The shadow economy is recognized as one of the biggest challenges for economic growth in Southeast Europe. The conference aimed to create a platform for cooperation to suppress shadow economy and establish the mechanism in the form of regular annual meetings between all key actors. The conference has provided an opportunity to agree the agenda for combating shadow economy – one of the major obstacles for development of business sector and better climate for foreign investments in Southeast Europe.

The long-term effects on the economy and options for market control and protection through efficient and fair tax and customs policies, as well as labor and market policies were the key issues and topics that were addressed at the conference.

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On April 15^th 2015 in Tirana it was hold the launching ceremony of the Investment Council at the presence of the Albanian senior authorities, EBRD’s officials and representatives from the business community. This Council is expected to provide a platform for public-private dialogue, bringing together businesses and policymakers to tackle investment climate-related challenges in a systematic and results-oriented manner.

The European Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn met representatives of the business community and civil society during a visit to Tirana on 23-24 March.

Tirana, March 20th, 2015
FIAA and the Business Alliance of Slovakia –BAS organized the Launching Conference of the Project on “Improving Business Environment in Albania”. The goal of the project is to improve the business environment of the country as a key element for raising the Albanian economic growth and reducing its poverty.

The Project implementation will be done through transfer of know-how and expert knowledge from Slovakia including elaboration of comparative analysis of business environment barriers, sharing of details on the most important reforms implemented in recent years in Slovakia, and establishment of effective tools for systematic monitoring and analyzing of business environment quality. 

The Board of Directors of FIAA has just established a new European Integration Committee to focus on legal issues arising from legal compliance with the EU acquis. The purpose of FIAA’s European Integration Committee is as follows:

• To qualify information collected from our members on areas of legislation which, if adjusted to the EU acquis, will benefit businesses and the country.
• To research EU legislation and prepare any necessary documentation, including a presentation of the benefits of any adjustments to legislation.

Korça, February 26^th, 2015

The closing Conference of the EU Cross Border Project “Virtual Action-Real Results” was hold in Korca with the participation of Project Teams, the Stakeholder Working Groups and other key players of the Tourism Industry in the Region.

During the Conference was made a presentation of the implemented activities, achieved results and the products gained with the Project Action (Inventory/Data Base, Virtual Software tool, Manual on the Virtual Software tool, Guidebook on “Appropriate behavior with the clients”, Handbook “How to be successfully presented on the Fair”, Marketing Strategy and its related products, promotional and advertisement materials (leaflets, brochure/travel guide, and other promotional materials which were distributed to the participants.

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