Improving the Business Climate – Boosting Investment Proposals from International Investors in Albania
Foreign investors association of Albania in cooperation with the German Economic Team (GET) at the request of the Albanian government and relevant ministries have engaged during 2024 and 2025 through the project entitled: “Improving the Business Climate – Boosting Investment Proposals from International Investors in Albania”.
The initiative 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 in 2024. This study was conducted with the support and local coordination of FIAA (Foreign Investors Association of Albania).
The German Economic Team provided recommendations in the fields of:
(i) taxation (addressing legal uncertainty and tax compliance, tax audits, prepayments of corporate income tax and tax appeal mechanism),
(ii) private sector development (addressing financial support schemes, partnership with foreign investors, and export promotion),
(iii) data privacy and cybersecurity (addressing the implementation of data protection regulation, and security of Albania’s broadband network), and
(iv) general law (addressing property rights and land ownership, and public consultation).
A very interesting and constructive discussion complemented the findings of the study, in a roundtable discussion 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.
The 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.