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ICT Jobs among Highest-Paying in Albania
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ICT Jobs among Highest-Paying in Albania

TIRANA, September 10 Albania might not be among the highest paying countries for information and technology careers, yet ICT jobs are on the list of the highest-paid positions. The recent report on wage data in Q2 2020 issued by the Institute of Statistics (INSTAT) shows that only the financial and insurance sector pays more than...

Albania to Jump-Start Automotive Industry with Tax Incentives
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Albania to Jump-Start Automotive Industry with Tax Incentives

TIRANA, February 25 The new fiscal package that came into force in January includes specific incentives for the automotive industry that define a corporate income tax rate of five percent instead of 15 percent. However, a second verdict adopted by the government says that not all the subjects operating in the automotive sectors qualify as...

Albanian Govt Mulls Over Tax Incentives for Automotive Industry
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Albanian Govt Mulls Over Tax Incentives for Automotive Industry

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...

Tax Incentives Encouraged Growth in ICT & Agrotourism Sectors
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Tax Incentives Encouraged Growth in ICT & Agrotourism Sectors

TIRANA, October 4 Tax incentives encouraged Albanian and international entrepreneurs to start new businesses in the ICT sector. Meanwhile, Agrotourism, which is a priority sector for the sustainable development of the rural economy witnessed growth too. These trends were confirmed by Minister of Economy and Finance Anila Denaj during the Investment Council meeting On Investment...

Mallorcan Hoteliers Eyeing Investments in Albania
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Mallorcan Hoteliers Eyeing Investments in Albania

TIRANA, September 9 Representatives of the Mallorcan accommodation industry are eyeing opportunities for hotel development in Albania. According to Majorcadailybulletin.com, hoteliers from the Balearic are looking for new expansion destinations, following a decline in profitability in the Caribbean region. Therefore, they are considering Albania as a new destination due to the tax incentives for strategic...