Category: Businesses

Home Businesses
First Call-Center Collective Agreement Signed
Post

First Call-Center Collective Agreement Signed

TIRANA, November 14 The Union of the Albanian Post and Telecom signed on Thursday the first collective bargaining agreement (CBA) in the call-center sector. This is an important achievement for the sector that provides jobs to a young workforce of over 30,000 people. If you found this article while searching for call center services in...

Albania has Lowest Corporate Income Tax for ICT Companies among WB6
Post

Albania has Lowest Corporate Income Tax for ICT Companies among WB6

TIRANA, November 13 A comparative matrix of incentives for investments in the countries of the Westerns Balkans (WB6) drafted and published on Tuesday by Albania Investment Council in cooperation with Aida confirms that Albania has the lowest corporate income tax rate for all companies whose activity is software production and development. More specifically, the corporate...

Albanian Govt Mulls Over Tax Incentives for Automotive Industry
Post

Albanian Govt Mulls Over Tax Incentives for Automotive Industry

TIRANA, November 13 Albanian authorities plan to increase the country’s ability to attract foreign investment in the automotive sector through tax incentives. Hence, juridical individuals exercising an economic activity in the automotive industry will be subject to a five percent tax on profit. The relation for the draft law on some changes to the law...

ICT, a Potential Investment Sector in Albania
Post

ICT, a Potential Investment Sector in Albania

TIRANA, November 7 Digitalization along with energy tourism and agro-processing is considered a potential investment sector in Albania according to a discussion paper on investment potentials published on Thursday by Albania Investment Council. The paper points out that the Information and Communication Technology Sector (ICT) in Albania has made progress in terms of market liberalization,...

Why Outsourcing to Albania?
Post

Why Outsourcing to Albania?

TIRANA, November 7 As Peter Drucker says: “Do what you do best and outsource the rest.” Where? This depends on many factors, but here you can find the reason why Albania, maybe you never heard about it, can be the best market for outsources services. Located in the Mediterranean region, Albania could represent a hot...

Who Are Albania’s Top 10 Largest Employers?
Post

Who Are Albania’s Top 10 Largest Employers?

TIRANA, October 28 It’s no news that Albania’s top ten employers represent call centers and footwear and textile manufacturers. According to data from the General Directorate of Taxation, five of Albania’s top ten employers are footwear and garment manufacturing companies, while two out of ten represent call centers. The list published by Scan TV included...

Today is the Deadline for Opening a Business Banking Account
Post

Today is the Deadline for Opening a Business Banking Account

TIRANA, October 28 Monday, October 28th is the last day for opening a bank account for all taxable persons under VAT. The deadline has been extended because the initial deadline of October 26 was not a business day. The General Directorate of Taxation (DPT) reminds that the following categories must have a bank account: Natural...

Ease of Doing Business 2020: Albania Drops 19 Spots
Post

Ease of Doing Business 2020: Albania Drops 19 Spots

TIRANA, October 24 The World Bank Doing Business 2020 ranked Albania and Kosovo respectively 82nd and 57th out of 190 global economies. Albania lost 19 spots compared with 2019’s edition, thus ranking the second-worst performing country in the region and Europe. Meanwhile, Kosovo lost 13 spots. According to the report, one of the world’s top...

New Date on Fiscalization Enforcement
Post

New Date on Fiscalization Enforcement

TIRANA, October 24 Fiscalization will come into effect on January 1st, 2020, but proper implementation will start on April 1st. Minister of Finance and Economy, Anila Denaj said during a hearing session held on Thursday with business representatives. The months between will serve as a trial period. Denaj explained that the ministry shares the same...