Japanese Embassy in Albania to Boost Ties between Countries

IIA 18 July 2017, 11:06 am

TIRANA, July 18 Albanian authorities have high expectations that the newly opened Embassy of Japan in Tirana will help economic cooperation between Albania and Japan. An official ceremony was held on Monday on the occasion and the new embassy was inaugurated by Foreign Minister Ditmir Bushati, His Japanese counterpart Nobuo Kishi, Ambassador of Japan to…

Tourism Tax Cut, Only HOT to be Reduced to 6%

IIA 19 July 2017, 2:04 pm

TIRANA, July 19 The General Directorate of Taxation advises tourism related businesses to be careful when declaring their transactions. As of June 2017, the tax on tourism was reduced to six percent. However, the tax administration informs that only the hotel occupancy tax (HOT), including the cases when the hotel room reservation covers breakfast, will…

Q1 FDI Surge to €5.8bn, Greece Ranks First among Foreign Investors

IIA 4 July 2017, 10:06 am

TIRANA, July 4 The stock of Foreign Direct Investments (FDI) for the first quarter of 2017 reached Euro 5.8 billion. Official data provided by the Bank of Albania (BoA) show that the value of domestic assets owned by foreigners increased by Euro 800 million. What are the sectors that attracted more overseas investments? According to…

Christian Panucci to Coach Albanian National Football Team

IIA 19 July 2017, 2:58 pm

TIRANA, July 19 Christian Panucci was officially presented as the new coach of Albania National Football Team. He will replace Gianni de Biasi. Former Italian football player Panucci and the President of the Albanian Football Federation (FSHF) Armand Duka signed the contract on Wednesday. Duka expressed his belief that Panucci is the right candidate, even…