Infrastructure & Utilities Its location at the center of a natural crossroad of the main transport corridors across Europe, places Albania in a strategic geographic position. With the completion of Corridor VIII, the expected implementation of the gas pipeline project TAP, with further development of infrastructures capacities of the leading ports, Albania will connect Mediterranean […]
Property Market Overview In the last few years, Albania has made clear progress in a number of areas needed to allow the smooth running of real estate finance and real estate transactions. The promising potential of this market is primarily based on the growth of the economy, the price stability, the favorable tax system, the […]
Albania offers not only a highly skilled labour force but also one of the lowest labour costs in the region. Labor relations between employee and employer are regulated by individual employment contracts pursuant to the Labor Code of the Republic of Albania and Law no. 8549, dated 11.11.1999 “On the Status of the Civil Employee”. […]
Trade and Free Trade Agreements Foreign Trade Regulations Albania applies a liberal trade regime while its foreign trade has been liberalized since 1990 and follows the guidelines set by the European Union and World Trade Organization. Albania has been a member of WTO since 2000 and applies WTO rules on import licensing. As a result […]
THE ALBANIAN CUSTOMS SYSTEM Customs legislation and administration The General Directorate of Customs (GDC) is the institution responsible for the management of customs in the Republic of Albania. The GD Customs is under the Ministry of Finance and conducts its activity pursuant to the Law No.8449 dated 27.01.1999 “Customs Code of the Republic of Albania” […]
Taxes in Albania Favorable Tax and Customs System With the adoption of the new 2014 fiscal package Law no. 179/2013 on the 28th December 2013 the government has taken a number of initiatives such as: • NO VAT on machinery worth over 500,000 dollars that will be used to increase the productivity. • NO TAXES on Small […]
COMPANY REGISTRATION AND BUSINESS LICENSING Two major initiatives taken by the Government of Albania which aim to improve the business climate are the establishment of the National Business Registration Center (NRC) and of National Licensing Center (NLC). The legislation regarding business registration and licensing procedures is harmonized to EU standards with focus the reduction of […]
This is the first handbook to provide a global policy perspective on energy, bringing together a diverse range of international energy issues in one volume. Maps the emerging field of global energy policy both for scholars and practitioners; the focus is on global issues, but it also explores the regional impact of international energy policies […]
Programme Highlights Following the success of our 2013 event which attracted over 200 attendees from over 25 countries, our 7th Annual Balkan Energy Finance Forum (BEFF 2014, Tirana) will again unite key players from across the energy industry, both from private and public sectors, tackling key issues facing the development of the energy market. 7th […]
IRN interviews Mark Hodgson, VP, Business Development and Deputy General Director of Bankers Petroleum Albania Bankers Petroleum, today, is the largest E&P Company in Albania, contributing almost 40% of the country’s Foreign Direct Investment (FDI), investing over $1.4 billion in its Albanian operations over the past ten years. Their main asset in Albania, […]
