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.
In this regard, the Head of EU Delegation in Albania, Mrs. Vlahutin valued the idea to gather and discuss on this fundamental topic – relationship between rule of law and economic prosperity. She also shared few figures to show the necessity for such reform approval. She stated that the business survey conducted recently by Foreign Investors Association shows that all top five issues of concern for business are related in essence to the rule of law like courts, corruption, informality, frequent changes of legislation and understanding of tax legal framework and procedures.
On the other hand, other key representatives of both diplomacy and business shared their views and made their appeal to the Politicians of Albania to find the consensus for the approval of this reform which would open a new phase for the future of Albanian economy, as well as for the entire Albanian society.