FIAA was pleased to cooperate with the Albania Investment Council and the Commissioner for the Right to Information and Personal Data Protection (IDP ALBANIA) in organizing this important event related to Albania’s new Personal Data Protection Law which is expected to impact all businesses operating in Albania as well as government institutions and NGOs.
Roundtable “Improving the Business Climate – Boosting Investment Proposals from International Investors in Albania”
The German Economic Team and the Foreign Investors Association of Albania organized a round table with foreign investors operating in Albania, representatives from several ministries, embassies, and foreign institutional donors on the pressing topic “Improving the Business Climate – Boosting Investment Proposals from International Investors in Albania.”
The research team from the German Economic Team shared the main findings of their study with the same title, which was commissioned and financed by the Federal Ministry for Economic Affairs and Climate Action of Germany upon a request of support presented by the Ministry of Economy of Albania last year. This study was conducted with the support and local coordination of FIAA.
The event was opened by speeches of FIAA’s president, Mr. Balazs Revesz and Dr. Ricardo Giucci, Team Leader, German Economic Team (GET), Mr. Thilo Schroeter, Deputy Ambassador of the Federal Republic of Germany in Albania and Mrs. Blerta Rama, Deputy Minister of Economy, Culture, and Innovation of Albania gave opening remarks on behalf of the German embassy and the Albanian government. Dr. Norbert Schultes, Head of the Division for Institutional partnerships (incl. EU-Twinning) and government consultancy, Federal Ministry for Economic Affairs and Climate Action of Germany made an introduction to the study.
The German Economic Team provided recommendations in the field of (i) taxation (legal uncertainty and tax compliance, tax audits, prepayments of corporate income tax and tax appeal mechanism), (ii) private sector development (financial support schemes, partnership with foreign investors, and export promotion), (iii) data privacy and cybersecurity (implementation of data protection regulation, and security of Albania’s broadband network), and (iv) general law (property rights and land ownership, and public consultation).
A very interesting and constructive discussion complemented the findings of the study, with the participation of the representatives of the Ministry of Finance, General Directorate of Taxes, Albanian Investment Council, of several foreign companies that had participated in the study, and foreign donors also including the Delegation of the European Union and the World Bank.
This successful collaboration with German Economic Team marks a new milestone for FIAA as an organization working in support of a thriving business environment in Albania.
FIAA’s place in Albania’s new chapter presented in USA Today
The Albania report, including insights on the latest developments related to foreign direct investment in Albania was published in under the well-meaning title “.
Read MoreFIAA’s Tax & Legal Committee Meeting
Following FIAA’s work towards the improvement of the Business Environment in the country, the Tax and Legal Committee of FIAA gathered in January 30 to start preparations for the upcoming Edition of the White Book (WB) 2025-2029.
Read MoreFIAA’s Energy Industry Council meeting
The members of FIAA’s Energy Industry Council met on January 21st for their first meeting in 2025 to address some pressing concerns in the Energy Industry, in particular issues coming from the Electricity Producers and Traders in the country. The present members shared their concerns and stated the importance of discussions with the relevant Authorities.
FIAA holds its traditional event “Wishes for a Prosperous Business Year 2025”
The Foreign Investors Association of Albania (FIAA) held in January 28th the yearly traditional event, a celebration which gathered the Foreign Business Community, the present International Institutions and highest Diplomatic Representatives in Albania, along with key Institutions in the country.
The Event was greeted by President Mr. Balazs Revesz and H.E Mr. Silvio Gonzato, Ambassador of the European Union Delegation to Albania, who addressed their greetings and messages towards the Foreign Business Community in the country.
Read MoreFIAA and Western Balkans University sign a Cooperation agreement
In line with FIAA’s approach to bring business closer to academia, the President of FIAA, Mr. Balazs Revesz and the President of the Western Balkans University, Prof. Dr. Ferdinand Gjana signed a cooperation agreement in December, which aims to support the development of innovative educational programs, professional internships for the WBU students and research initiatives to bridge the gap between theory and practical applications.
5G officially coming to Albania by our long standing member, Vodafone Albania
Wonderful news for Albania! 5G is now officially present in the country. Plenty of opportunities will arise with this presence for all citizens and companies active in Albania.
Congratulations for this achievement to our long-standing member Vodafone Albania and its leadership represented by its CEO Balazs Revesz!
Read more on this novelty here in LINK
Albania ForeignInvestorsDigitalEconomy 5GTelecommunication
Read MoreBusiness Environment in Albania 2024 Survey Findings
Foreign Investors of Association Albania, jointly with Confindustria Albania, Italian Chamber of Commerce in Albania and Hellenic Business Association of Albania, officially launched the findings of the Business Environment in Albania Survey 2024.
FIAA’s representative Ms. Marinela Jazoj in the opening remarks thanked the partner business organizations collaborating for the conducting of the survey and the keynote speakers from the Government and EU for dedicating part of their agenda to the launching event.
Read MorePresentation of findings for Business Environment in Albania 2024 Survey
Tirana, 19 November 2024: Foreign Investors Association of Albania, Confindustria Albania, Italian Chamber of Commerce in Albania, Hellenic Business Association in Albania, presented the findings of the Business Environment in Albania Survey 2024, which was conducted during August – October 2024 with the foreign investor’s community in the country.