FIAA Industrial Talks – Meeting with the Energy Sector Companies
FIAA considers as highly important to further develop communication and discuss among each-other on the issues members from respective industries are facing. In this ambit, member businesses of the energy sector, have meet with FIAA’s Chairman, Dr. Constantin Von Alvensleben sharing their concerns and perspectives on the current doing business in the country. For every business, 2020 has been a tough year but, in particular for those businesses heavily affected by the Pandemic....Read more
FIAA Industrial Talks II – Meeting with Board Members
In the ambit of FIAA industrial talks, the Board Members have meet to share concerns and perspectives on the current doing business in the country. Representing different industries in the country, the Board have shared their experiences and perceptions coming from banking, consultancy, real estate development, oil industry, infrastructure and telecommunication....Read more
FIAA Industrial Talks III – Meeting with the Oil Industry Member
Chairman and Executive Director of FIAA have welcomed to a business network Mr. Ante Frens, successor of Mr. Rohan D’Souza, Chairman of the Shell Industries in Albania and FIAA Board Member. Shell Companies in Albania have joined FIAA from the very beginning and represent good business practices and ethics in our country...Read more
FIAA Industrial Talks IV – Meeting with the Telecommunication and Information Technology Members
In the ambit of industrial talks with members, FIAA held another interesting meeting with representatives from the telecommunication and Information Technology industries. The meeting was very fruitful as it brought more insights from the invited participants, sharing their experiences during the Pandemic, difficulties, challenges, as well as learned on the industry concerns and their perspectives on the current doing business in the country...Read more
Skavica HPP, a 100% state-funded project, to boost renewable energy generation capacity
During the recent visit of Keith Krach, Under Secretary for Economic Growth, Energy, and the Environment, the United States and Albania signed a historic memorandum of economic cooperation between the two countries. This memorandum is considered a significant achievement in elevating the economic relations between Albania and USA.....Read more
EBRD launches Assessment Tool to help mitigate Coronavirus Impact
The European Bank for Reconstruction and Development (EBRD) is conducting an assessment on business restructuring tools in all 38 economies where the EBRD is active. The assessment aims to provide detailed guidance on legislative gaps to address an expected increase in businesses needing to use formal restructuring procedures following the coronavirus pandemic...Read more
BOGA & ASSOCIATES in International Legal Directories
It is for many years now that the world’s most reputable legal directories place Boga & Associates at the top of their rankings tables. Legal directories such as Chambers & Partners, Legal 500, IFLR1000, WTR1000, Benchmark Litigation Europe conduct extensive market research on yearly basis, undertaking interviews with clients and law firms to build a comprehensive picture of the legal markets around the world. Our lawyers, and the practices they have built, are consistently recognized as Albania’s market leaders.
To further read this Publication, please visit: www.bogalaw.com
MARLOTEX shpk donates masks to Institutions and Citizens in Albania
Marlotex shpk is a manufacturing company operating in Berat with more than 15 years in Albania, led by Mr. Gasmen Toska and Mrs. Teuta Qose. Under the circumstances created by Covid-19 Pandemic, this company from the beginning of the lockdown has been adapted to the new reality by shifting its production to Masks and Gloves. Due to lack of local production for basic products such as textile masks, there was a high demand also from outside Albania, which made Marlotex shift their production to handle the high demand to providing these products.
To further read this Publication, click here
In Face of Global Pandemic, MIGA Bolsters Alpha Bank Albania’s Commitment to Supporting Local Enterprises
MIGA, a member of the World Bank Group, has issued a guarantee to Alpha Bank A.E. of Greece (ABG) covering up to €47.5 million of its investment in its Albanian subsidiary, Alpha Bank Albania SHA. The MIGA guarantee will cover Alpha Bank Albania’s (ABA) mandatory reserves held with the Central Bank of Albania from the risk of expropriation of funds, and support ABA’s lending operations at a time of significant strain arising from the COVID-19 pandemic.
For more information please visit: www.alphabank.al
EBRD to boost Raiffeisen Bank Albania’s lending capacity
This facility will strengthen Raiffeisen Bank Sh.a capacity to meet the financial needs of selected clients, including corporates and small and medium-sized enterprises (SMEs), while keeping its risk-weighted assets under control. Local banks’ ability to support the growth of successful corporates and SMEs, which are a pillar of the economies in the Western Balkans, is often constrained.
For more information please visit: www.raiffeisen.al
OTP Group looking to cooperate with startups again
From mid-September, startups can apply for the fourth OTP Startup Partner Program. OTP Group sees outstanding value in collaboration with innovative enterprises, which is proven by the fact that over the recent years, it reviewed the possibility of working with nearly 900 startups, conducted 30 pilots and had post-pilot collaborations with 12 companies. Applications can be submitted by later-stage startups and scale-ups from any location until 23 October 2020 for the Group’s fourth international startup program.
For more information please visit: www.otpbank.al
Interview with Mr. Emil GEORGAKIEV, CEO at ONE Telecommunications
ONE Telecommunications is now officially the New Brand Mobile in Albania
Telekom Albania is now ONE Telecommunications and a new era starts for the first mobile operator in the country! The significant change was announced by its shareholders and the advantages are immediately tangible. Elvin Guri, the major shareholder of ONE Telecommunications, stated that his connection with the Albanian economy now becomes stronger than ever.
For more information please visit: www.one.al
PowerUP by Deloitte
Are you ready to grow?
Program for innovative SMEs and startups from the Western Balkans. Adapt your business model, build resilience to your market presence! Compete and win in a unique pitch competition, network with regional investors and business leaders, and gain significant media exposure.
For more information please visit: www2.deloitte.com/al
Covid-19 Real Estate Investment Guide, Wolf Theiss
COVID-19 has led to significant changes for real estate investments and transactions, some of which might be of a lasting nature. As legal experts, and the investment experts from CBRE have carried out a brand new study on the effects of Covid-19 on the various real estate asset classes, and on legal aspects of development and transactions.
For more information please visit: www.wolftheiss.com
Bankers Increases the Oil Production
Bankers Petroleum Albania, the largest oil company in the country, has recorded a production of about 275 thousand tons during the first half of 2020. The average daily production is currently around 2050 tons, approaching day-to-day production levels before the onset of the pandemic. Although during the months of the pandemic, the company was forced to reduce to a minimum the activity in the Patos-Marinza oilfield, now the situation has returned to normal.
For more information please visit: www.bankerspetroleum.com
The Trans Adriatic Pipeline is now completed
After almost four and a half years since the start of construction, the Trans Adriatic Pipeline is substantially complete. The TAP pipeline has been filled with natural gas from the Greek-Turkish border up to the pipeline receiving terminal in Southern Italy.
For more information please visit: tap-ag.com
Membership to FIAA is open to
all Foreign Investors, Representative companies and International Organizations working in Albania.
Please contact us for further information!