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 that are used in the production process, would be a...
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 economic crisis started affecting the Albanian economy back in 2008....
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 2013 after the citizens’ claims for a mismanagement of CEZ...
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 based on contruction permits. This regulation defines the necessary documentation...
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 deepening of pit number 9, also called as one of...
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 period during 2014, compared to the same period of last...
Germany will help Albania in the reformation of educational and vocational training system in a short time. During his stay in Germany, Albanian Minister of Social Welfare and Youth Erion Veliaj, signed a collaboration agreement with the Institute for Education and Vocational Training in Land, Hamburg and the German office for International Collaboration (GIZ). GIZ...
Minister of Agriculture, Rural development and Water Management, Edmond Panariti visited Kashari’s farmers that have implemented solar greenhouses in this area. Panariti expressed his full support for these farmers and promised new funding projects at about 60%-70% of the construction costs for these solar greenhouses. He emphasized the high importance of bio products, and encouraged...
After several attempts and the implementation of many reforms, Albania has finally become an European Union candidate state on June 24, 2014, aiming to become an EU member state in the upcoming years. Ministers from the EU Member States have agreed to grant the EU candidate status to Albania, as recommended by the European Commission....
European Union has evaluated the progress that Albania’s economy has made during this year and the performance of fiscal administration, especially that of customs. The progress-report for Albania, highlights that the incomes have increased due to the high amount of taxes collected and of the good performance Customs Directory during their activity. The progress-report of...