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ICT, a Potential Investment Sector in Albania
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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?
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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?
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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
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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
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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
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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...

INSTAT Survey Explains SMEs’ Innovation Capacity
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INSTAT Survey Explains SMEs’ Innovation Capacity

TIRANA, October 18 Innovation is crucial to enhancing the competitiveness of small and medium-sized enterprises (SMEs). The lattes survey on innovation capacities of SMEs in Albania found out that innovation activity in enterprises results in disproportion with their size. Findings from a survey on innovation in SMEs conducted by the Institute of Statistics (INSTAT) shed...

Six Photovoltaic Plants Connected to the Grid in Jan-Aug 2019
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Six Photovoltaic Plants Connected to the Grid in Jan-Aug 2019

TIRANA, October 18 Six companies started producing electricity from solar power in 2019 from photovoltaic plants with installed capacity up to 2MW. Official data on electricity generation for January-August 2019 show that these subjects generated 15,602MWh electricity from solar power. Based on the price of €100 per megawatt-hour set by the Energy Regulatory Entity (ERE)...

Italian Investors Voice Concerns over Business Environment in Albania
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Italian Investors Voice Concerns over Business Environment in Albania

TIRANA, October 14 The Italian Chamber of Commerce in Albania (CCIA) and Confindustria Albania issued a joint press release on Monday on their concerns regarding the recent economic performance in Albania. The Commerce Chamber and Confindustria Albania call for an immediate and renewed commitment from the Albanian Government, its officials, all the institutions, including the...