FIAA Board of Directors meets with the Minister of State for the Protection of Entrepreneurship in the premises of FIAA
On March 5th the Board of Directors of FIAA had their regular Meeting during which they meet with the New Minister of State for Protection of Entrepreneurship in Albania, Mr. Eduard Shalsi. The Board welcomed Mr. Shalsi in the premises of FIAA and addressed to him different obstacles that the Foreign Investors are facing in Albania. They highlighted the value of the White Book Document FIAA has prepared, which, can be a good starting point for the Minister.....Read more
FIAA Annual Meeting 2019
Foreign Investor Association in Albania hold the Annual Assembly Meeting during the evening of March 20th at Mak Albania Hotel. During the Meeting, the Chairman of FIAA Mr. Larsen addressed some words by highlighting the main achievements and challenges FIAA had during the 2018. He also congratulated the Board Members of FIAA for supporting the FIAA mission and their commitment in particular the Members whose mandate came to the end. The Meeting continued with a Presentation of the activities ... Read more
FIAA Representatives of Mining Committee meet with the Deputy Minister of Industry in Albania
A delegation of FIAA representatives from the Mining Industry has meet with the Deputy Minister for Energy and Industry Mr. Aliko to discuss on the current situation of the mining industry. The talks were mainly focused on the recent changes presented in the New Fiscal Package for the increase of Excise Tax in bituminous coal and related articles which do fiercely affect the ongoing activity of the companies operating in this sector....Read more
FIAA Wishes Ceremony for a Prosperous Business Year 2019
Early this year, FIAA hold its yearly ceremony “Wishes for a Prosperous Business Year ahead”! This event brought together a large part of the Foreign Business Community in Albania, representatives of the diplomatic bodies along with several representatives of the state institutions in the country. During the Event were introduced as Guests of Honor the newly appointed Ministers respectively, Ms. Belinda Balluku in the quality of Minister for Infrastructure and Energy and Mr. Eduard Shalsi as Minister of State for the Protection of Entrepreneurship..Read more
Roundtable on VAT Reimbursement Strategy and Informality in 2019
Ministry of Finance and Economy in cooperation with the Secretariat of Albania Investment Council held an open discussion with businesses from the sectors of agri-processing, active inward processing regime (fason regime) and export with regard to the 2019 VAT Reimbursement Strategy and the Fight against Informality. The meeting was chaired by the Minister of Finance Mrs. Denaj and attended by the General Tax Director, Mr Enton Duro...Read more
Colliers International brokers new deal for a Hyatt Regency hotel in Albania
The Hyatt Regency Tirana will mark continued growth for Hyatt in Southeast Europe. Advised by Colliers International’s UK Hospitality Asset Management team and the local Colliers office in Albania, Hyatt Hotels Corporation has announced a management agreement with Kastrati Hotels & Tower for the first Hyatt-branded hotel in Albania.
Takuya Aoyama, Vice President of Development, Hyatt, said: “Albania is one of the fastest growing economies in Europe and we are thrilled to announce plans for a hotel in Tirana, a city that has undergone real transformation in recent years. With a prime location in the country’s capital, the hotel will appeal to both business travellers and those looking to experience the cultural sights of the city.”
The Hyatt Regency Tirana is expected to open in late 2019.
For more information please visit: www2.colliers.com
Statkraft is developing a floating solar plant in Albania
Statkraft Albania obtained a preliminary approval from Albanian authorities for the development of a floating Photovoltaic Plant of 2 MW capacity on Banja HPP reservoir
The project is aiming to be part of Statkraft’s R&D program for floating solar. The PV project proposal is a contemporary technological solution, which will enable saving of land and exploitation of the water surface of Banja reservoir.
Statkraft has entered into an agreement with Norwegian floating solar technology developer Ocean Sun AS for the delivery of this floating solar plant.
For more information please visit: www.statkraft.al
KALO & ASSOCIATES continues to be ranked as Top Tier
Kalo & Associates continued being recognized as leading practice by 2019 edition of the Legal 500 (Legalease), a reputable guide assessing the countries’ best law firms. TOP TIER ranking in the current edition is a further confirmation of their strong brand and competitive practice. Legal 500 cites clients that praise Kalo & Associates for the ability to ‘combine experts in different fields to achieve the optimum result for the client’ and for ‘standing out for their professionalism and effectiveness.
For more information please visit: www.kalo-attorneys.com
Procredit Bank - Agro-Tech Expo & Forum 2019
The second edition of Agro-Tech Expo & Forum was held at Ekspo City in March 15th-16th, 2019. This event was considered as a business communication platform with the most important national and international actors in the fields of agriculture, agro-processing and agro-technology. ProCredit Bank, through its presence at AgroTech 2019, reaffirms its commitment, undertaken for 20 years now, to support the development and financing of the agricultural sector in Albania. Since 2001, the Bank has been providing support for this important sector through providing dedicated counseling and services.
For more information please visit: www.procreditbank.com.al
Raiffeisen Bank Albania and EBRD supports agribusiness finance up to €35 million
Raiffeisen Bank Albania and the Albania Agribusiness Support Facility are joining forces to increase local farmers’ and agribusiness companies’ access to finance, especially in remote regions of the country. The EBRD, with the government of Albania, is supporting a portfolio of up to €35 million of eligible loans to the sector, risk-shared with its partner Raiffeisen Bank Albania. The instrument benefits from a First Loss Risk Cover contributed by the government of Albania.
For more information please visit: www.raiffeisen.al
Interview with Mr. Xingyun SUN - CEO of Bankers Petroleum Albania
"We have ambitious plans for our investment and we see the Albanian government as one of the closest partners to develop our strategy and business!"
Investment Council discusses Property Issues with FIAA Members
The Property Issues were at the focus of a discussion Meeting during a round table with several Members of FIAA and Investment Council Secretariat.
The discussions intended to address property-related issues from the investors’ point of view and the respective legal certainty that the investors should have in Albania....Read more
OTP Group enters Albania! One of the Leading banks in central and eastern Europe for financial banking services
On March 29th, 2019 OTP Bank Plc. announced the financial closure of the Albanian transaction. OTP Bank has become the 100% owner of Banka Societe Generale Albania SH.A. (SGAL), the Albanian subsidiary of Societe Generale Group.
With the acquisition of the Albanian bank, OTP Group is already present in 10 countries in the Central and Eastern European region.
For more information please visit: www.otpbank.al
Membership to FIAA is open to all Foreign Investors, Representative companies and International Organizations working in Albania.
Please contact us for further information!