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The Berlin Process Summit that was held in Tirana on October 16, assessed progress in regional cooperation and ongoing challenges, building on previous Ministerial Meetings. The Western Balkans Six (WB6) welcomed a Growth Plan and committed to advancing regional economic integration through the Common Regional Market, underlining the importance of domestic reforms and organized crime combat.

For more information, read here. 

The World Bank Group’s (WBG) Board of Executive Directors endorsed in DC, March 16th, a new five-year Country Partnership Framework for Albania for the period 2023-2027 as well as four new operations.

The strategy aims to help the country recover quickly and transform into a more robust, equitable, resilient, and greener economy, as well as healthier and more productive lives for the Albanian people. The new strategy will focus on three key challenges: more and better jobs, stronger and better use of human capital, and increased resilience to natural disasters and other shocks, all of which will be intersected by efforts to leverage digitalization and enhance inclusion.

For more information please visit: https://www.worldbank.org/en/news/press-release/2023/03/16/world-bank-new-country-partnership-framework-supports-greener-and-more-resilient-and-inclusive-growth-in-albania

European Commission has adopted the 2022 enlargement package, including the annual report on Albania.

For more information please visit: https://www.eeas.europa.eu/delegations/albania/gjetjet-ky%C3%A7e-t%C3%AB-raportit-2022-p%C3%ABr-shqip%C3%ABrin%C3%AB_sq?s=214&page_lang=en

The European Bank for Reconstruction and Development (EBRD), OTP Bank Albania and the Albania Agribusiness and Tourism Support Facility are stepping up their support for companies in the country’s agribusiness and tourism sectors.

Together with the government of Albania and the European Union (EU), the EBRD is committing up to €7.11 million of loans to eligible firms in the agribusiness and tourism sector, risk-shared with its partner bank, OTP Bank Albania. The funds will be provided through the Albania Agribusiness and Tourism Support Facility (AATSF), a framework aimed at improving access to finance for small and medium-sized businesses.

The facility also includes a 10 per cent investment incentive for sub-borrowers in the agribusiness and tourism sectors, funded by the government of Albania and the EU, respectively. Borrowers will receive the grant incentive once their investments have been completed and verified. The facility will also benefit from a government-backed first-loss risk cover mechanism.

For more information please read: https://www.ebrd.com/news/2021/ebrd-steps-up-support-for-tourism-and-agribusiness-in-albania-.html 

Businesses should be aware of the obligations to abide by the Labor Code, requiring them to treat their employees fairly and equitably regardless of their gender or other characteristics, according to a Memorandum of Understanding between the State Labor and Social Services Inspectorate (SLSSI) and the Public Procurement Agency (PPA). The agreement was signed on June 14th by Ms. Reida Kashta, director of PPA and Mr. Arben Seferaj, Chief Inspector at the SLSSI.

The signing ceremony was also attended by Deputy Minister of Finance and Economy, Mr. Erjon Luçi, and the World Bank Country Manager in Albania, Ms. Maryam Salim.

For more information please visit: https://www.worldbank.org/en/news/press-release/2019/06/14/labor-inspectorate-and-public-procurement-agency-agree-on-implementation-of-labor-code-for-businesses

The Albania Tourism Investment Summit is the Official Summit for the Albanian Tourism sector, set to take place at Mak Albania Hotel in Tirana on 27th of November 2018.
This Summit will be a unique networking event in Albania, an ideal opportunity platform to discuss challenges and developments in the tourism sector, to have in-depth discussions, to meet national and international key players and experts, to exchange ideas and follow stimulating conversations around the next big trends driving the sector.

Please learn more about the Summit at: www.albania-summit.com

To Register follow the link https://www.albania-summit.com/register

 We look forward to meeting you at the Summit workings!

FIAA has recently conducted a Survey with its members focusing on Business Compliance.

The finalized survey is focused on the issue of Business Integrity, an important element for the business climate in the country. FIAA believes that talking and practicing good ethics, values and integrity in business is an integral part of the core values of the functional economies and necessary to fight corruption and to build transparency. The Survey’s outcomes will be presented and discussed in the coming days, in a dedicated Roundtable with the participation of business and related stakeholders in Albania.