Improving the business climate remains the goal of reforms for the government’s economic program. A High Level Policy Dialogue on Business Climate and Investment Attractiveness” was organized in May 24th in AIDA’s new premises. Discussions involved the Prime Minister, Minister of Economy, representatives of the IMF and World Bank, foreign investors in Albania and local business leaders. Prime Minister Rama and his Cabinet Members highlighted a number of reforms the government has undertaken as well as associated challenges, and assured foreign entrepreneurs of the Government’s support. He expressed commitment to the continuation of reforms and pledged the Albanian Government will remain a reliable partner in improving the country’s business climate.
Read More“Justice Reform, a key precondition for boosting and attracting foreign investments in Albania”
Justice Reform approval in Albania is considered by the foreign Investors as one the most crucial conditions which would ensure sustainability of their investments in the country.
In May 23rd, the Foreign Investors Association of Albania in cooperation with the Delegation of European Union organized a Conference focused on the importance and necessity of the Justice Reform approval in Albania. Through this Conference, the foreign investors and diplomats reminded the politics of the fact that the delay of approving such a crucial reform, brings serious consequences on the business environment’s confidence as well as in supporting and attracting new foreign investments. At his opening word, the Chairman of FIAA stressed the importance of the Justice Reform Approval as a key precondition for boosting and attracting foreign investments in Albania. He also said that every day, members of FIAA encounter unfair court decisions and it can’t go like this for long. The correct implementation of the law is fundamental for both existing inventors and the new ones, Mr. Pedrazzi declared.
Read MoreFIAA holds a Roundtable Discussion with the Minister of Justice, Mr. Manjani
In early May this year, foreign investors were part of a roundtable with the Minister of Justice. Main focus of the discussion was on different issues that businesses are facing with the System of Justice in Albania which is a crucial element on well functioning of the business environment in the country.
During the recent years the foreign Investors have stressed out several problems they face related to Courts and Rule of Law in Albania. For them, a credible justice system is the alpha of the investments sustainability and growth in a country. During his word, the Chairman of FIAA highlighted the importance of the communication with the Ministry of Justice as the main representing institution of justice. He further said, that based on the results of the survey that FIAA had conducted on Business Environment, it came out that issues related with Courts and Rule of Law were at the highest concern for businesses. And therefore, such a roundtable would give the opportunity to both business and Minister to address and discuss on the most concerning issues.
Read MoreGovernment of Albania introduced second stage of the fight against informality
joinformalitetit@financa.gov.al is the email address launched for an efficient and direct communication with the business, for reporting cases of violations, but also for asking questions, clarifications, issues, information etc.
At the beginning of April the Government of Albania introduced the continuity of the intensive operation against informality by entering the second stage, which is based on a new approach aimed at redefining the role of the tax administration through a new strategy lying on four pillars:
- Management, focusing on the risk platform
- Simplification of procedures and the fiscal package
- Service to taxpayers
- Communication / education of taxpayers
FIAA Assembly Meeting 2016
On March 23rd, 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.
Read MoreRelationship between Businesses and Banks, Perspective of lending for 2016
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.
Meeting with Economic Attachés of Foreign Embassies in Albania
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.
Freedom of Doing Business in Albania
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.
Read MorePorto Albania, a new Investment on Yacht Harbor
“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.
Read MoreEBRD Delegation visits Albania in frame of the creation of the Business Ombudsman Institution
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.