Category: News

New procedures for the registration and cancellation of businesses

New procedures for the registration and cancellation of businesses

Albanian government has predicted amendments to businesses laws in order to improve the procedures of the registration and the cancellation of a business. In the last years, two main issues identified regarding to these procedures are the cancellation of a business and businesses that have...

World Bank report: Albania to increase VAT and income taxes

World Bank report: Albania to increase VAT and income taxes

World Bank and IMF have proposed a new strategy for the management of public finances during 2014-2020 period. According to WB, there are several changes that should be made in order to increase the income taxes for businesses, the enlargement of the basis of VAT,...

Albanians will have to pay fees for the road maintenance

Albanians will have to pay fees for the road maintenance

The Albanian government has sent a draft law in parliament which creates the legal basis for giving through concession the maintenance of highways and important national roads through toll payment. The Ministry of Economic Development, as initiator of this draft-law, explains that this measure is...

IMF report: Albania’s economy performance has improved

IMF report: Albania’s economy performance has improved

International Monetary Fund has evaluated the work done by Albania during the latest months in the fulfillments of the criterias set by this institution. After a review of the economic performance of Albaniain the March-June period, they emphasized the progress done by the country related...

Confindustria upholds VAT cut for machinery and equipment

Confindustria upholds VAT cut for machinery and equipment

Industry representatives in Albania have upholded the decision of the Parliamentary Committee of Economy for the cut of VAT for machineries and equipments, a decision taken based on the draft projects presented by Ministry of Finances. According to Confindustria, the placement of VAT for machineries...

INSTAT: Number of businesses increased even during the economic crisis

INSTAT: Number of businesses increased even during the economic crisis

Albanian Institute of Statistics published recently a report on the number of new established businesses since 2008, the year when the Albanian economy entered in crisis. According to the report, there are about 111.000 active businesses operating in Albania, most of them established after the...

Albania solves disputes with ČEZ company

Albania solves disputes with ČEZ company

The Albanian government has ended disputes with Czech state owned company, CEZ, after signing a settlement agreement.  On May 2013, referring to the Energy Charter Treaty, CEZ announced an international arbitration dispute with Albania. The disagreement between the Albanian government and CEZ started back in...

New rules for the purchase of state owned facilities and land banks

New rules for the purchase of state owned facilities and land banks

Albanian Council of Ministers has defined new rules about the selling or the privatization of objects and land banks, owned by state. The decision sets new criterias and procedures for the selling of lands of enterprices or objects that have been privatized before or contructed...

$20 ml investment project in Bulqiza mining started

$20 ml investment project in Bulqiza mining started

AlbChrome company started its project in the deepening of the pit number 9, in the chrome mining of Bulqiza, an investment of 20 million dollars. This investment will make possible the utilization of 2.126 800 chrome geological reserves. The beginning of this investment for the...

Albanian textile exports have increased, Poland the new destination

Albanian textile exports have increased, Poland the new destination

Albanian textile exports are flourishing since it is noticed an increase of exports during the first month of this year. According to the official data published by INSTAT (Albanian Institute of Statistics), textile exports and their products, increased by 29% in annual basis in January-April...