TIRANA, May 8
Albania offers better investment opportunities compared to the last year, the annual survey of the German Industry and Trade Association (DIHA) confirms. Even though the survey findings were positive, there are negative factors that are keeping German investors away.
According to the German companies that have invested in Albania, the economic situation in the country improved and they are more optimistic compared to the previous years.
DIHA’s executive director Hartmut Jarosch said that about two third of the German companies that are members of DIHA asses the economic situation in Albania between good and satisfying.
Based on the survey findings, most of the businesses reported increased revenue and they foresee more investments.
Further on, the German companies reported improvement in most of the investment climate indicators, yet the tax system is considered problematic.
Jarosch said that the tax incidence, tax institutions, and the entire tax system received a negative assessment form the German companies’ member of DIHA. Five indicators that reflected a slight decrease compared to the previous year are the labor cost, the tax burden, the tax system and administration, the payment discipline, and the public administration. However, German companies in Albania say that public procurement transparency and the fight against corruption and organized crime remain major problems.
News Source/Photo Credit: DIHA, TCh