Tirana, Tuesday, 29th January 2019 / Albania Investment Council (IC) held a regular meeting “On Inspections” chaired by the Minister of Finance and Economy, Ms Anila Denaj. In her speech, Minister Denaj said that one of the priorities of the government is to create a favourable business climate. She underlined the importance of formalization through the establishment of fair rules, …

In follow up of the discussions held “On Formalization and Competitiveness in Tourism” during IC Meeting XIV (15th October 2018), Secretariat publishes a paper underlining a summary of the legal framework in the field of tourism, relevant institutions and their competences, as well as the concrete incentives applicable to entrepreneurship in the field of tourism.

The tourism industry has increased its …

Tirana, Monday, 15 October 2018 / The Investment Council (IC) held a regular meeting chaired by the Minister of Finance and Economy, Mr Arben Ahmetaj. The agenda for this meeting was “On Formalization and Competitiveness in Tourism.” In his speech, IC Chair, Minister Arben Ahmetaj said that “Although the tourism sector has a substantial growth, its formalization remains a challenge …

In the framework of the upcoming Investment Council meeting ‘On Formalization and Competitiveness in Tourism,’ the IC Secretariat has organized consultation meetings with representatives of central/local government, tourism associations, chambers of commerce, etc. In early July 2018, a survey was launched by the Secretariat with focus on ‘Informality and Competitiveness in the Tourism Sector,’ covering issues related to i) fiscal …

General Tax Directorate (GTD) with the support of European Bank for Reconstruction and Development (EBRD) has undertaken a wide information campaign for taxpayers through the use of information platforms which provide complete and detailed information on 11 different categories of taxpayers (GTD News, September 2018).

Lack of updated information on tax legislation and liabilities has been reported to the Secretariat of …

In its upcoming meeting (late September 2018), Albania Investment Council will discuss ‘Informality and Competitiveness in the Tourism Sector’. In this framework, the Secretariat is conducting an analysis to identify and highlight main business concerns and provide relevant recommendations to address issues related to informality in the sector. The focus of the Technical Note will be mainly on the main …

Secretariat of Albania Investment Council publishes a material prepared in the framework of Investment Council Meeting XIII (18 June 2018), where it was discussed the “Legal Framework on Investments, Current Debates and Challenges.” Purpose of the meeting was to discuss the current legal framework on investments and to facilitate the process of preparing a legal framework harmonized with good international …

Tirana, 18 June 2018 / On Monday, Albania Investment Council (IC) held a regular meeting chaired by the Minister of Finance and Economy, Mr Arben Ahmetaj, with the special participation of EBRD Vice President, Mr Alain Pilloux, and new EBRD Director for Western Balkans, Ms Zsuzsanna Hargitai. In the agenda of this meeting was ‘Legal Framework on Investments in Albania, …

In May 2018, in Tivat, Montenegro, Ministers of Economy of the six Western Balkan countries approved a Ministerial Statement, in the framework of the implementation of Regional Multi-Annual Plan (MAP REA). Regional Investment Reform Agenda (RIRA), part of REA, was drafted by the working group of the Investment Committee of the South East European countries (SEEIC/JWGI) with the support of …

On Wednesday, Albania Investment Council in collaboration with the Ministry of Finance and Economy and International Finance Corporation (IFC) organized a discussion table on the legal framework for investment in Albania.

The meeting was attended by around 60 participants representing foreign and local business associations such as AmCham, Italian Chamber of Commerce, ATTSO, DIHA, ICE, FIAA, Advantage Austria, ACERC, AITA, Nordic …