The Ministry of Economic Development and Trade considers as a big step forward the approval of the $ 1.2 billion loan by the World Bank for Albania for the advancement of the reforms and the measures initiated by the government for a stable economic development.
Sources from the Ministry say that the government is collaborating closely with the World Bank for the development of key sectors of the economy such as tourism, energy, vocational education, agriculture, manufacturing and Made in Albania exports.
The Ministry has declared that within June of this year, the Assembly will approve a legal package which foresees a range of changes regarding the relations of public and private sector for concessions, the support of small enterprises, the attraction of foreign direct investments and the development of free economic and technologic zones in Albania.
The law also predicts new supporting measures for the industry of tourism and offers maximal judicial guarantee for foreign investors by initially reducing the administrative bureaucracies. The 5 year term plan aims to support the private sector in order to increase the competitiveness and to create new jobs in the country.
News source: ATA
Photo credits: niekverlaan / Pixabay
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