E-Newsletter 2022, Issue I

April 2022

Dear Reader!

With the trust that you are all doing well, we are glad to share with you our Electronic Newsletter, reflecting different actions taken by FIAA Members, as well as views, insights and approaches towards the business climate during the first trimester!

This information is also available on our website: www.fiaalbania.al

Roundtable with Minister of Finance and Economy

The Improvement of the Investment Climate in the country is the new focus of the Albanian Minister of Finance and Economy Mrs. Delina Ibrahimaj.  It was first stated by the Minister during the presentation of the White Book of FIAA in October 2021, where the Minister said that the White Book has been consolidated as a “platform” where foreign investors and state authorities discuss together the challenges of doing business in the country and comes as a long way guide, where we will need to improve and cooperate...Read more

FIAA holds its Yearly Traditional Event

The Foreign Investors Association of Albania (FIAA) hold in February 17th its yearly event, a traditional celebration which gathered the Foreign Business Community in Albania and the highest Diplomatic representatives, along with key institutions in the country. The Event, called “A Prosperous Business Year 2022” was greeted by the Minister of Infrastructure and Energy, Mrs. Belinda Balluku...Read more

FIAA celebrates 20+years Membership

April 2022 marks the 22^nd Anniversary of FIAA's establishment. At this occasion, the Management of FIAA received to a private gathering its founding and long-standing members who achieved 20+years Membership. Going back 22 years ago, when FIAA was founded, distinguished foreign Businesses, Entrepreneurs and CEO-s, members of FIAA shared together their best moments, difficulties and challenges in the early years when Albania entered the free market economy...Read more

Survey on Business Environment in Albania 2022    

In frame of the FIAA's mission to improve the business climate in Albania, the Survey on Business Environment in Albania 2022 is currently being conducted. This survey is addressed to all the members of FIAA and other foreign businesses/Institutions operating in Albania...Read more

FIAA is elected Member of the Advisory Committee for Private Tourism Sector  

The Ministry of Tourism and Environment has recently established the Advisory Committee for Private Tourism Sector, with participation of national business associations, chambers and commerce, Academics, NGOs and stakeholders operating in tourism industry.....Read more

FIAA’s Management meet with representatives of the United Kingdom in Albania

Deputy President of FIAA Mrs. Rigela Gegprifti and Executive Director Ms. Marinela Jazoj met with Mr. Gareth Evans, the Trade Policy Advisor of the British Embassy Belgrade covering the Western Balkans. The purpose of the meeting was to discuss and elaborate on cooperation with the British Embassy..Read more

FIAA’s Executive Director meets with the representative of the Hungarian Embassy in Albania

Ms. Marinela Jazoj, FIAA’s Executive Director and Mrs. Katalin Beszteri, Trade and Commercial Attaché in the Embassy of Hungary in Albania hold a discussion meeting to strengthen communication, exchange views on the business climate..Read more

Public Consultation cycle on the new Judicial Map have concluded 

The High Judicial Council in cooperation with the Ministry of Justice completed on March 11th, 2022, the public consultation cycle on the proposal for the new Judicial Map. The cycle of 8 consultative meetings during January-March 2022, has had 6 consultations with stakeholders exercising their activity in the jurisdictions of the courts..Read more

Albania’s future growth requires stronger, more Sustainable Economic Model

Albania’s economic model requires greater investment in people’s skills, firm productivity, sustainability, and public finances, says the new World Bank Country Economic Memorandum (CEM) for Albania...Read more

4iG has become the largest player in the Albanian Telecommunication Market

The successful acquisitions of ONE Telecommunications and ALBtelecom have created a market-leading group in fixed and mobile telecommunications services in Albania. Following the approval of the Albanian Competition Authority, 4iG Plc has acquired a 99.899% indirect stake in One Telecommunications (ONE). With the successful acquisition of ONE, 4iG, listed on the Budapest Stock Exchange, has become one of the largest foreign investors in the Western Balkans country. Together with ALBtelecom, in which 4iG has a stake, a market leader has been created in both fixed and mobile telecommunications services in the Albanian telecommunications market.                  

For more information please visit: www.one.al

Fitch Ratings reconfirm BB- for ProCredit Bank Albania

ProCredit Bank Albania is confirmed with a credit rating of BB- by Fitch Ratings. The international credit rating agency Fitch Ratings has confirmed this year the rating with BB- (Long-Term Issuer Default Rating)- Sustainable Perspective for ProCredit Bank Albania. This high credit stability assessment of ProCredit Bank Albania reflects the proper and systematic management of risk as well as the high quality of assets.                                      

For more information please visit: www.procreditbank.com.al

Intesa Sanpaolo Bank Albania and EBRD contract signature    

The European Bank for Reconstruction and Development (EBRD), Intesa Sanpaolo Bank Albania, the EU and the government of Albania are stepping up their support for companies in the country’s agribusiness and tourism sectors under the Albania Agribusiness and Tourism Support Facility.

For more information please visit: www.intesasanpaolobank.al         

TAP-One year of delivering gas to Europe

1+ year since gas flows began #tap transported over 9 bcm of  #natgas, providing additional liquidity to the European markets, says TAP MD Mr. Luca Schieppati at the 8th  #SouthernGasCorridor  Advisory Council  #baku.

For more information please visit: https://vimeo.com/670571304 

Interview with Mr. Luca Busi, President of Coca-Cola Bottling Shqipëria

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Interview with Mr. Mario Tonucci, Managing Partner of Tonucci & Partners, Albania

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Interview with Mr. Emil Georgakiev, CEO of ONE Telecommunications

READ NOW

Discussion Tables on Business Recommendations coming from the White Book

In frame of the engagement of the Ministry of Finance to tackle the business recommendations from the FIAA’s White Book 2021-2025, along with some other recommendations from business organizations in the country, during February-March have been organized several online meetings..Read more

Ongoing Meetings on the Chapters of the European Integration Partnership Platform  

In frame of the discussions for the chapters of the European Integration Partnership Platform, FIAA’s representatives appointed in the groups have been active in the organized working discussions. During the period January-March have been held discussion tables on...Read more

NEW MEMBERS

KOSTURR KROMI SHPK

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

Survey on Business Environment in Albania 2022

Recommendations for improvement of the Business Environment from the FIAA White BOOK 2021-2025

UPCOMING EVENTS

FIAA Annual Meeting

Tirana Economic Forum IV