E-Newsletter 2025, Issue I

April 2025

Below, we are glad to share with you our Newsletter for January - April 2025. This information is also available on our Website. 

FIAA holds its Traditional Event "Wishes for a Prosperous Business Year 2025"

The Foreign Investors Association Albania held in January 28 the yearly traditional event, a celebration which gathered the Foreign Business Community, the present International Institutions and highest Diplomatic Representatives in Albania, along with key Institutions in the country...Read more

Two Powerful Female Voices in the Business Community in Albania join FIAA’s Board

FIAA’s membership gathered on March 12 on occasion of its Annual Meeting to welcome a report by the FIAA Board and the Executive team on the activities of the past year, learn about the plans for the year ahead, and elect two new board members...Read more

FIAA’s Energy Industry Council Meeting 

The members of FIAA’s Energy Industry Council met on January 21 for their first meeting in 2025 to address some pressing concerns in the Energy Industry, in particular issues coming from the Electricity Producers and Traders...Read more

Round Table on “Improving the Business Climate – Boosting Investment Proposals from International Investors in Albania”

The German Economic Team and FIAA organized a roundtable with foreign investors operating in Albania, representatives from several ministries, embassies, and foreign institutional donors on the pressing topic “Improving the Business Climate–Boosting Investment Proposals from International Investors in Albania.”...Read more

Business Environment Insights

New law “On the protection of personal data”

Albania's New Law “On the Protection of Personal Data” entered into force in January 2025. This law represents a qualitative leap in ensuring the most contemporary standards for the protection of this fundamental right of Albanian citizens and fulfills one of the obligations within the framework of the country’s integration process into the European Union (EU), fully aligning with the General Data Protection Regulation...Read more 

Albania receives pre-financing under the Growth Plan

Albania received the pre-financing foreseen under the EU’s Reform and Growth Facility. This is part of the Growth Plan for the Western Balkans, aims to accelerate the socio-economic convergence of the region with the EU and pave the way to EU membership...Read more

EBRD announces boost for Albanian SMEs

EBRD announced €5 million boost for Albanian SMEs in partnership with Union Bank Albania, backed by the European Union. This financing will drive automation, digital transformation and green technology through the #GoDigital initiative and empowering entrepreneurs under 35 through #YouthInBusiness...Read more

Raiffeisen Bank Albania in the Global Money Week 

In frame of the Global Money Week, Raiffeisen Bank Albania awarded 5 winners of the project "Competition for Grade VIII students with photomontages", submitted by school students from all over the country. Raiffeisen Bank remains committed to supporting and promoting financial education and inclusion, investing in a younger generation that is more informed and ready for the challenges of the future...Read more

VERBUND Green Power Event 2025: Connect.Align.Inspire

VERBUND Green Power management welcomed all colleagues from 6 different countries (Albania, Romania, Germany, Italy, Spain, and Austria) as well as colleagues from supporting VERBUND units to the Apothekertrakt at Schönbrunn Palace in Vienna for a two-day conference event, under the motto, Connect.Align.Inspire...Read more 

Voltalia inaugurates the Karavasta Solar Park

Voltalia inaugurated the Karavasta Solar Park, a major achievement not only for the company but for Albania as a main producer of solar energy, on its way to become a true energy power in the region. This investment represents the largest solar park in the Balkans and is a significant step in enhancing Albania’s energy independence...Read more

SIGAL remains First Placed in the Insurance Market in Albania

According to the latest report of the Financial Supervisory Authority for the period January-February 2025, SIGAL continues to lead the Albanian insurance market, by maintaining a leading position with 26% of the market in the life and non-life insurance field...Read more

4iG Group partners with Ericsson to develop future 5G network in Albania

4iG Group, the leading ICT company of Hungary and the Western Balkans, entered a partnership with Ericsson for the deployment of a high-performing mobile network in Albania. The future infrastructure investment is based on the 5G frequencies recently acquired by One Albania, subsidiary of 4iG...Read more

BKT recognized by Global Finance as the “Best Bank in Albania for 2025" 

Banka Kombëtare Tregtare has been recognized by Global Finance as the “Best Bank in Albania for 2025.” This recognition is part of Global Finance’s annual awards, which, for the 32nd consecutive year, honor the best banks in Central and Eastern Europe...Read more

Interview with Mrs. Pranvera Papamihali, Principal SEE, Country Manager Albania of Pedersen and Partners 

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Interview with Mrs. Griselda Koçi, Sales Director for Albania, Kosovo and North Macedonia

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FIAA’s Tax & Legal Committee Meeting

Following FIAA’s work towards the improvement of the Business Environment in the country, the Tax and Legal Committee gathered in January 30 to start preparations for the upcoming Edition of the White Book 2025-2029...Read more

FIAA's place in Albania's new chapter presented in USA Today   

The Albania report, including insights on the latest developments related to foreign direct investment in Albania was published in USA Today under the well-meaning title “Albania opens a new chapter.”...Read more

Round Table on Albania's new Personal Data Protection Law

FIAA in collaboration with Albania Investment Council and the Commissioner for the Right to Information and Personal Data Protection (IDP ALBANIA) hosted a dialogue with 40+ businesses to discuss the impact of Albania’s new Personal Data Protection Law (No. 124/2024)...Read more

FIAA and Western Balkans University sign a Cooperation agreement

In line with FIAA's approach to bring business closer to academia, the President of FIAA, Mr. Balazs Revesz and the President of the Western Balkans University, Prof. Dr. Ferdinand Gjana signed a cooperation agreement, which aims to support the development of innovative educational programs...Read more

EU Launches €7.2 Million Support Programme to Accelerate Albania’s EU Integration

The European Union in Albania has officially launched the EU Integration Support Project (EUIS), a €7.2 million initiative designed to assist the Albanian government in advancing its EU accession negotiations. This support aligns with Albania’s ambitious goal, outlined in its National Plan for European Integration, to close accession negotiations by 2027...Read more 

Vodafone Albania hosts FIT4Futurewith5G

Vodafone Albania hosted FIT4Futurewith5G, an event that highlighted the transformative power of 5G technology for Albania. The event focused on the critical role of digitalization in Albania's future, emphasizing the importance of 5G technology in transforming industries public services, and attracting foreign investment...Read more 

PREMIER MEMBER

NEW MEMBERS 

Membership to FIAA is open to all

Foreign Investors,

Representative Companies

and International Organizations

working in Albania.

 Please contact us for further information!

IN FOCUS 

Recommendations for the improvement of the Business Environment in Albania

Business Ethics / Business Laws