ALBANIA: THE MOST ATTRACTIVE COUNTRY FOR FOREIGN INVESTMENTS

ALBANIA: THE MOST ATTRACTIVE COUNTRY FOR FOREIGN INVESTMENTS

As a consequence of the unfavourable business climate due to considerable administrative obstacles, widespread corruption and state capture, chronic regulatory weaknesses of the government as well as high political risk of the country, etc., the socialist inheritance in this field is that of a country with the lowest level of foreign direct investment and exports, compared to other countries in the region and among the transition countries


Attracting foreign investments is of crucial importance to ensure higher rhythms of development and integration of Albania. The Government's program for "Change" is based on the slogan - "Albania, the most attractive country for foreign investments in the region and beyond it".

Achievement of the objectives of democracy and rule of law, of the fight against corruption and trafficking constitute the basic conditions for creating the premises for attracting foreign investments.

A free and fair market; reduction of administrative barriers; progress in infrastructure and human resource development; extension and particularly modernization of the financial sector; and, macroeconomic stability are as important to creating a proper environment to increase the amount of foreign investments.

Provision of facilities in the form of industrial parks, fiscal incentives, facilitating partnerships with domestic businesses, as well as enhancement and intensification of information on the opportunities for doing business in Albania will be some of the specific programs of the Government for the promotion of foreign investments.

Strengthening of regulatory capacity over the market; establishment of fair competition and reduction of the informal economy; guaranteeing property rights and resolution of inherited property conflicts; reduction of barriers for entering into the market; and, faster integration with regional markets and those of the EU, will make possible that by the end of the four years, half of the needs for investment in the Albanian economy be provided by FDI.