Foreign Investors Ask for Transparency and Rule of Law, FIAA Says

TIRANA, February 16

Foreign investors are saying that business climate in Albania isn’t positive. This is one of the findings of a survey conducted by the Foreign Investors Association in Albania (FIAA).
FIAA requires that each of the concerns and issues that it raised based on the survey on business climate must be taken into consideration. Foreign companies in Albania insist on the achievement of main objectives such as consistency, transparency and the rule of law.
According to the poll conducted with 70 main companies in Albania, the crucial problems they face are related to corruption, the legal system, the lack of effectiveness by the Administrative Court, informality, frequent changes to the legal frame and to tax procedures.
FIAA’s president Silvio Pedrazzi said that these problems were faced even in 2016 and this is the reason why the survey was conducted again. Moreover, he added that the findings may not be the same as the findings of other institutions.
“Some important steps were undertaken in order to solve the above-mentioned problems, their implementations is still a problem. FIAA’s expectations are higher compared to the previous years given that competition increased,” Pedrazzi said.
On her part, head of the European Union Delegation Ambassador Romana Vlahutin, who attended the presentation of the survey findings, highlighted that all these issues must be addressed.

News Source: Scan TV

Photo Credit: EU in Albania