The opening of the TEDA area in Tirana is expected next year. This new economic free zone will offer numerous advantages to foreign companies operating in the sustainable technologies sector. A large area of 36 hectares located in Kashar and parallel to the Tirana-Durres highway, will host up to 40 companies, including large ones, capable […]
TEDA Tirana: new free economic zone to open in 2025 Read More »
According to the latest data published by the Institute of Statistics INSTAT, in 2023 the number of active companies in Albania rose to 130,338, 4.1% more than the previous year. The majority of them (86%) operate in the service sector in Tirana and Durres, in particular in retail and wholesale trade. Foreign companies (6,938) represent
The number of foreign companies in Albania is increasing Read More »
There are 4,125 businesses formed in Albania in 2023 in the tourism and telecommunications sector, according to data from the National Business Center. There are 914 new businesses with foreign capital, representing 22.2% of the total. In the first three months of this year, 366 foreign companies have already been registered, according to data from
Tourism and telecommunications: over 900 foreign companies formed in 2023 Read More »
Although Albania still has the status of “candidate” for membership of the European Union, companies operating in the country will be able to receive financial support from Brussels thanks to the “accelerated integration” process. The Council of Ministers has in fact signed an agreement with the EU which allows Albania’s participation in the “Single Market
EU funds: over four billion euros to companies operating in Albania Read More »
Innovative companies operating in Albania will be able to receive state subsidies. On February 16, the Ministry for Entrepreneurship and the Business Climate and the Albanian Startup Agency opened a call to support the development and growth of 55-75 companies, for a total amount of 300 million lek (approximately 2.9 million euros). This is the
Open call for startups Read More »
Since May 2022, companies in Albania have been able to use freely the electronic services of the National Business Center (QKB), the national agency that grants business licenses. The digitalisation of the public administration has not only facilitated procedures and considerably reduced the time spent in offices by citizens and businesses, but has also contributed
Albania accelerated the process of digitalisation of public services Read More »
The U.S. Agency for International Development (USAID) has launched a new platform that will allow small and medium-sized enterprises (SMEs) from Albania and the Western Balkans to apply for loans online and obtain information on available financial opportunities to grow their businesses. LORES+ is a FinTech solution created in collaboration with the business consultancy Creative
USAID launches LORES platform to financially support SMEs Read More »
The mayor of Tirana, Erion Veliaj, presented the Technological and Economic Development Zone of Tirana (TEDA), developed in cooperation between the government and the municipalities. TEDA Tirana will be built in the urban area of Kashar, along the road axis that connects the capital to Durres, on an initial surface of 35 hectares, with a
Tirana set to launch call for tenders in the new free economic zone Read More »
On April 1, the minimum wage of all public and private employees will raise from 34,000 to 40,000 lek (about 350 euros), which represents an increase of 17%. This was announced by the Ministry of Finance, who added that companies in some sectors will obtain a contribution for the payment of social security contributions throughout
The government will raise the minimum wage and support the companies with many employees Read More »
The data of the Structural Survey of Enterprises elaborated by the Albanian Institute of Statistics (INSTAT) show the increase in both the number of construction companies and activity in the last eight years, especially in Tirana. In 2021, more than 5,000 enterprises were active, with an increase of 17% compared to the previous year, while
Positive trends for construction activity Read More »