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Property Revaluation Deadline Extended due to COVID-19
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Property Revaluation Deadline Extended due to COVID-19

TIRANA, July 9 Albanian authorities have extended the deadline for the revaluation of properties for taxation purposes to December 31st. Based on the new draft law, all the citizens, physical and legal persons, who own a real-property in Albania are granted the right to evaluate it until the end of the year by paying a...

Albania’s Business Sentiment Weakens, AmCham Survey Finds
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Albania’s Business Sentiment Weakens, AmCham Survey Finds

TIRANA, June 30 The business climate in Albania declined significantly during 2019, the business index from the American Chamber of Commerce confirms. Based on the perception of the AmCham members, the business climate in Albania in 2019 declined by 10.35 points compared to the previous year. Over 66 percent of the members said that the...

Albania to Create Register on Tax Haven Company Ownership
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Albania to Create Register on Tax Haven Company Ownership

TIRANA, June 18 Albanian authorities will take action for the first time on tax haven companies, also known as beneficial ownership. A draft law on the creation of a registry of company beneficial ownership has been completed, Monitor magazine reported. According to the new bill, the names of those who own at least 25 percent...

IC Survey Shows COVID-19 Impact on Albanian Businesses
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IC Survey Shows COVID-19 Impact on Albanian Businesses

TIRANA, June 12 Companies in Albania consider replacing import goods will domestic sourced products as a response measure to post-COVID-19 recovery a recent survey by Albania Investment Council suggests. This is one of the insights of the ‘Impact of the coronavirus pandemic on the business in Albania’ conducted by the Investment Council during the period...

Albania Counted over 3,000 Information and Communication Enterprises in 2019
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Albania Counted over 3,000 Information and Communication Enterprises in 2019

TIRANA, June 3 The number of companies providing information and communication services in 2019 in Albania was 3,089 the Institute of Statistics (INSTAT) confirmed on its recent report on enterprises. Based on the data, 1,884 enterprises are registered by physical individuals while the remaining 1,205 are legal individuals. Moreover, the report provides insights even on...

EU for Innovation to Announce ‘Digital Solutions for Albanian SMEs’ Hackathon Winners
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EU for Innovation to Announce ‘Digital Solutions for Albanian SMEs’ Hackathon Winners

TIRANA, May 29 Challenging times call for innovative and affordable solutions. This was the drive that brought together startups, innovators, and university teams in ‘How to help Albanian businesses with new affordable digital solutions’ hackathon organized by EU for Innovation in cooperation with Crazytown/Finland, ICTSLab and OFICINA/Albania. The third in a series of hackathons took...

Applications for Agricultural Support to Open Soon
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Applications for Agricultural Support to Open Soon

TIRANA, May 22 Albanian farmers can apply to participate in the national agricultural support schemes starting May 29th. According to the Agriculture Rural Development Agency, applications can be submitted online through e-Albania. The agency defines that farmers must follow four steps to qualify for the next stage of the process. First, all interested subjects and...

Over 1,900 Businesses Filed for Activity Suspension
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Over 1,900 Businesses Filed for Activity Suspension

TIRANA, May 12 Over 1,920 businesses applied for temporary suspension of their activities during the first five months of 2020, Scan TV reports based on the data provided by the National Business Center (QKB). The official measures on the prevention of COVID-19 spread had an impact on businesses that closed their activities. Data from QKB...

Health Specialists Mandatory in Businesses with over 25 Employees
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Health Specialists Mandatory in Businesses with over 25 Employees

TIRANA, May 6 Every business that operates in Albania with a staff that exceeds more than 25 people, must employ a person responsible for health at the workplace. Further on, the business must submit a document known as the enterprise doctor license at the State Inspectorate of Labor. Otherwise, the company will be subject to...

Highest Paid Jobs in Albania in 2019
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Highest Paid Jobs in Albania in 2019

TIRANA, May 5 Information and telecommunication technology (ICT)  and finance and insurance jobs topped the list of the highest-paying occupations in Albania in 2019. The future of the ICT sector seems very bright, considering that it was among the least affected by the COVID-19 crisis. Official data released on Tuesday from the Institute of Statistics...