Official Launching of the White Book 2021-2025
The Association of Foreign Investors in Albania (FIAA) presented the third edition of the White Book 2021-2025, a document for the improvement of the business climate in Albania. The presentation of the Book marked the 21st anniversary of the Association. The event was attended by Government, Diplomats, International Organizations as well as representatives of the foreign business community in the country. Published every 4 years, since 2013, the White Book is an appeal of foreign investors on the business climate in Albania and a transparent platform for dialogue with the authorities...Read more
FIAA participates in the meeting with European Commission officials on Albania's Economic Reform Program 2022-2024 (ERP)
The Albania’s Economic Reform Program 2022-2024 is currently under drafting process. A European Commission team from DG NEAR visited Albania in mid-November with the purpose to interact with the relevant stakeholders on business environment, challenges and opportunities, policies to promote entrepreneurship and attract FDIs, concerns on informality as well as impact to competitiveness...Read more
Introductory meeting with the New appointed Minister of State for the Protection of Entrepreneurship
FIAA’s Executive Director Ms. Marinela Jazoj met with the Newly appointed Minister of State for the Protection of Entrepreneurship Mrs. Edona Bilali. Minister Bilali confirmed the continuity of fruitful collaboration in support of the improvement of the business climate in the country....Read more
FIAA’s Executives met with Head of EU Delegation to Albania
FIAA’s President Mr. Alvensleben and Executive Director Mrs. Jazoj met with Mr. Luigi Soreca, Head of the Delegation of the European Union to Albania. Ambassador Soreca and Chairman Alvensleben highlighted the long cooperation among the two institutions...Read more
FIAA’s Management met with Head of EBRD in Albania
FIAA’s President Dr. Constantin von Alvensleben and Deputy President Mrs. Rigela Gegprifti had a meeting with the New Head of EBRD in Albania Mrs. Ekaterina Solovova and Mrs. Endrita Xhaferraj, Principal Counsellor of Governance and Political Affairs....Read more
Competitiveness and Internationalization of Albanian MSMEs
The Investment Council (IC) held a plenary meeting to discuss the opportunities and challenges related to the internationalization of Albanian Micro, Small and Medium-sized Enterprises (MSMEs). The meeting was attended by all IC members and other representatives from the public and private sector and development agencies in the role of observer..Read more
As economy rebounds, Albania has opportunity to build a more Sustainable Growth Model
Albania’s economy, like other countries in the region, is recovering faster than expected after the historic recession created by the COVID-19 pandemic. Following the contraction of the economy by 4% in 2020, GDP growth is projected to reach 7.2% in 2021..Read more
EBRD steps up support for tourism and agribusiness in Albania
The European Bank for Reconstruction and Development (EBRD), OTP Bank Albania and the Albania Agribusiness and Tourism Support Facility are stepping up their support for companies in the country’s agribusiness and tourism sectors.....Read more
Intesa Sanpaolo Bank Albania announces the Appointment of New CEO Mr. Alessandro D’oria
Intesa Sanpaolo Bank Albania announced the appointment of Alessandro D’Oria as the new Chief Executive Officer, effective from August 30, 2021. Mr. Alessandro D’Oria’s long experience and expertise in the Italian banking sector, in a highly competitive and complex financial market will further enhance the performance of Intesa Sanpaolo Bank Albania in the upcoming years.
For more information please visit: www.intesasanpaolobank.al
Raiffeisen Bank in partnership with Rural Credit Guarantee Foundation “RCGF”, to support Micro Business in Albania
Raiffeisen Bank Albania sh.a and Rural Credit Guarantee Foundation “RCGF”, have signed a guarantee agreement to support Micro Business in Albania in the amount of EUR 5 million. The Guarantee Facility agreement which limit can be further increased upon RBAL request, aims to facilitate access to finance for Micro Business in Albania in the form of Individual Guarantee Instrument for eligible loans and beneficiaries.
For more information please visit: www.raiffeisen.al
PMI progresses on acquisition of three pioneering pharmaceutical companies to accelerate “Beyond Nicotine” vision
Philip Morris International (PMI) announced an unconditional offer to acquire the U.K. pharmaceutical company Vectura. Additionally, PMI received confirmation that all other conditions to the offer had been satisfied or waived. The company has extended the offer to allow for the tender of further shares. It follows the acquisitions of American inhaled drug specialist OtiTopic in August, followed by Danish pharmaceutical and well-being products manufacturer Fertin Pharma in September.
For more information please visit: www.pmi.com
ALBtelecom joins UN Women global initiative to empower women
ALBtelecom, the largest telecommunication corporation in Albania, signed the membership of in the Women Empowerment Principles (WEPs), a global gender equality initiative promoted by UN Women and the UN Global Compact. To announce this novelty to the public an event was organized at ALBtelecom Academy. Having a long history in the marketplace ALBtelecom has shown over the years a continuous commitment to promoting women in their work environments, thus setting inspiring records in the efforts for gender equality throughout the industry.
For more information please visit: www.albtelecom.al
Ericsson: One Albania receives best mobile network certification from umlaut
Ericsson technology is powering the best-performing mobile network across Albania, according to a new mobile benchmarking report. Umlaut, the global benchmarking company formerly known as P3, gave One Albania the ‘Best in Test’ award, as well as recognized the company for delivering the best-rated broadband coverage and user download experience, despite challenges of the pandemic.
For more information please visit: www.ericsson.com
Interview with Mrs. Katia Stathaki, CEO of Vodafone Albania
FIAA Board Directors met with the New Minister of Finance and Economy
At the occasion of the appointment of the New Minister of Finance and Economy, FIAA’s Board Representatives, President Mr. Alvensleben, Deputy President Mrs. Gegprifiti and Executive Director Ms. Jazoj were received for a courtesy Meeting by the New Minister, Mrs. Delina Ibrahimaj...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 from the Membership have been highly active in the organized Working Groups...Read more
FIAA comments on the Fiscal Package 2022
In early November, the Ministry of Finance and Economy introduced the draft of the Fiscal Package 2022 during a Fiscal Council Meeting, which was shared for comments and concerns from the representatives of the Business Community....Read more
FIAA met with the Head of UK Trade Policy for the Western Balkans
FIAA’s Executive Director met with the Head of UK Trade Policy for the Western Balkans. The office based in Belgrade covers the Western Balkan six countries, including Albania....Read more
Cooperation grounds with NORWEP
FIAA’s Executive Director Mrs. Jazoj and Statkraft Representatives have conducted a series of meetings with Mrs. Gunn Vick, Director of Hydro Power at NORWEP... Read more
FIAA renews its representatives in the Multi Stakeholder Group of the EITI Albania
The Extractive Industries Transparency Initiative–EITI, is an international initiative with main object to develop and implement a mechanism for declaring revenues earned from the use of Natural Resources through Extractive Industries....Read more
Albania and UN renew commitment to joint work on Sustainable Development for the next five years
The Government of Albania and the United Nations Country Team in Albania announced their renewed commitment to a joint programme of work for the next five years this Monday, as Deputy Prime Minister Arben Ahmetaj and UN Resident Coordinator Fiona McCluney signed the Albania-UN Sustainable Development Cooperation Framework 2022-2026...Read more
GIZ Albania has selected Abkons to implement its project "Nё fshat" in rural Albania, which aims to encourage people living in rural areas to diversify their economic activities and increase their income by implementing income generating activities (IGAs) in the #agriculture and #tourism sector. Agriculture and the rural space are one of Albania's greatest assets.
For more information please visit: www.abkons.com
Huawei sponsors Tirana INC with the intelligent device IdeaHub
Huawei is one of the main sponsors of Tirana Inc. and in support of this initiative it has donated to participating students the most innovative and intelligent device on the market, Huawei IdeaHub. The device with all its options, enriches the student mentoring sessions while navigating in this program. Present at this cooperation meeting were the co-founder of Preneur Amsterdam Mr. Arjan Goudsblom, representatives from Huawei in Albania and Executives of Tirana Inc., who discussed the advantages that the new information technology brings to the development of the country, mainly related to education.
For more information please read: businessmag.al
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Tirana Economic Forum IV