TIRANA, November 15 The Council of Ministers approved a decision on a Technology and Economic Development Area (TEDA), Tirana area. Also known as Kashari TEDA, the economic zone aims at attracting investors operating in a wide array of industries such as automotive manufacturing, information technology, and communications, pharmaceuticals, household appliances, agro-processing, manufacturing, etc. The TEDA...
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...
TIRANA, September 30 The Regional Cooperation Council (RCC), is currently leading the process for a joint investment attraction strategy on the Western Balkans, reported that the six countries share a mutual interested in the automotive industry. Hence, Albania is trying to join the automotive spare parts and equipment manufacturing sector. Albania will produce vehicle lights...
