E-Newsletter 2022, Issue III

October 2022

Dear Reader!

With the trust that you are all doing well, we are glad to share with you our Electronic Newsletter, reflecting different actions taken by FIAA Members, as well as views, insights and approaches towards the business climate during July-October! 

This information is also available on our website: www.fiaalbania.al

Business Environment Survey Findings, Albania 2021-2022

Judicial System, Transparency, Corruption, Bureaucracy and Unfair Competition remain the main obstacles of the Doing Business in Albania.          On July 13th, FIAA presented the findings of the Business Environment Survey, which was conducted during spring 2022 within FIAA members and investors network in the country. ..Read more

FIAA, the main contributor on the improvement of the business environment in Albania

In response of the FIAA White Book Recommendations, an intensive 6 months’ work has been made by the working groups, from both, the Ministry of Finance and the FIAA Experts. During a discussion meeting with the Minister of Finance Mrs. Delina Ibrahimaj, at the presence of the Prime Minister Mr. Edi Rama, it was highlighted the role of FIAA with the proposed White Book recommendations,in total 138 recommendations, out of which the Minister confirmed that 67 are in consultation process...Read more

FIAA meets with Mr. Mark Bowman, Deputy President of EBRD

FIAA, representing the largest foreign companies in Albania was very pleased to be represented by Mr. Ante Frens (FIAA Board Member) who shared its views with Mr. Mark Bowman, Deputy President of EBRD, on the topics of business climate and economic development in Albania...Read more

FIAA’s President Mr. D’Oria and Executive Director Ms. Jazoj meet with the French Ambassador in Albania H.E Mrs. Elisabeth Barsacq  

In the frame of the communication that FIAA keeps with Diplomatic Bodies in Albania, the President Mr. Alessandro D’Oria and Executive Director Ms. Marinela Jazoj were hosted in a business lunch by H.E Mrs. Elisabeth Barsacq, Ambassador of France in Albania...Read more

FIAA’s Management receives H.E Mr. Peter ZINGRAF, Ambassador of Germany in the FIAA premises

FIAA’s President Mr. Alessandro D’Oria and Ms. Marinela Jazoj welcomed in the association’s premises Ambassador of Germany in Albania H.E Mr. Peter Zingraf and the Deputy Ambassador Mr. Jannis von Oy...Read more

FIAA’s Board meets with H.E Mrs. Christiane Hohmann, Head of EU Delegation to Albania

The Board of FIAA had the pleasure to meet with the new Head of the EU Delegation to Albania H.E Mrs. Christiane Hohmann. The President of FIAA Mr. Alessandro D’Oria welcomed Ambassador Hohmann and congratulated her on the mission at a critical moment with great challenges that Albania is undergoing...Read more

Discussion meeting with the Representative of the Embassy of Spain in Italy              

FIAA’s Executive Director Ms. Marinela Jazoj met with Mr. Franco Scaramuzzi, Market Analyst in the Economic and Commercial Office of Spanish Embassy in Rome Italy...Read more

             Business Environment Insights

Fiscal Package 2023

The Ministry of Finance and Economy has started consultation on the Fiscal Package 2023 during October 2022, including several drafts to be reviewed. During this period, business community is expected to provide comments and observations for the suggested amendments...Read more

Albania: Staff Concluding Statement of the 2022 Article IV Mission

The official mission from the IMF staff has recently concluded its visit to Albania and delivered the following concluding statement: The Albanian economy has weathered multiple shocks since 2019 relatively well. Although Albania’s direct exposures to Russia’s war in Ukraine are limited, with twin deficits and high government debt...Read more

Awards for Teleperformance

The CEO of Teleperformance Italy  and Albania, Diego Pisa, has received the "CEO for Life Lundbeck Awards: Health starts from the brain", promoted by CEO for LIFE and Lundbeck Italia, for the "Well-being inside" project. With this initiative, Teleperformance has set up the psychological listening desk because it believes that the psycho-physical well-being of #teleperformers is the best solution to achieve corporate well-being.           

For more information please read here

Tonucci & Partners in Albania at the Meeting with the President Sergio Mattarella - Among the Italians who have helped the Development of the country    

“We have believed in Albania's entry into the European Union since 1995: a thirty-year project is about to be implemented", says Mario Tonucci, founder of Tonucci & Partners, also based in Tirana and one of the first firms to invest in the Albanian legal industry. 

For more information please read here

Coca Cola Bottling Shqipëria

The President of the Republic of Italy Mr. Sergio Mattarella during the official visit to Albania in September 7-8, 2022, met with the first big Italian investors in Albania. Ms. Cristina Busi Ferruzzi was present as the founder of a big company in Albania - Coca-Cola Bottling Shqipëria since 1994. The investments made in 28 years and the business model created by CCBS, has had high economic impact and continues to be ahead in aspect of innovation and social-environmental impact.

For more information please read here 

Intesa Sanpaolo Bank Albania is awarded “Best Digital Bank Albania 2022” by Global Banking Finance Review®    

Intesa Sanpaolo Bank Albania, part of Intesa Sanpaolo Group, has been awarded as “Best Digital Bank Albania 2022” award from the prestigious international magazine Global Banking Finance. Intesa Sanpaolo Bank Albania is the leading Bank in the market for digitalization and innovation.

For more information please read here 

Bankers Petroleum Albania continues its program with important community Investments

Marinza residents will benefit from a redesigned water drainage system, an investment made by Bankers Petroleum Albania. The project includes the cleaning, systematization and covering with pipes of the main canal in Marinzë, which paves the way for investments in infrastructure, lighting, sidewalks and the creation of green spaces. In addition, Bankers finances the reconstruction of the new road in the village of Zharrëz in the Municipality of Patos. The new Road will facilitate the daily life of more than 1000 families living in the area.

For more information please read here 

Interview with Mr. Diego Pisa, CEO at Teleperformance Italy Group and Albania  

READ NOW

Interview with Mr. Roberto Laera, Chairman of IN Italian Network

READ NOW

FIAA participates in the consultation roundtable on the draft law on “Personal Data Protection”  

In July 12^th, the Ministry of Justice started consultation on the draft law "On personal data protection". In this meeting, FIAA was represented by Vodafone Albania. As a follow up, FIAA has submitted to the Ministry of Justice a set of comments...Read more

FIAA meets DG ECFIN and DG NEAR Mission Experts   

FIAA’s Executive Director, Ms. Marinela Jazoj met with the mission from DG ECFIN chaired by Mrs Sarah Jurreit and DG NEAR chaired by Mr Andrew Williams...Read more

FIAA signs Women’s Empowerment Principles 

FIAA is pleased to be among the Women’s Empowerment Principles signatories. The WEPs global community of companies is extended to all Industry Associations and Chambers of Commerce and is committed to making a difference for gender equality and women’s empowerment in the workplace, marketplace and community...Read more

Key findings of the 2022 Report on Albania

European Commission has adopted the 2022 enlargement package, including the annual report on Albania...Read more

Amid Ongoing Shocks, Albania Needs Policies and Reforms that Boost Growth, a WB Statement

The ongoing war in Ukraine and consequent sharp increase in energy prices and slowdown in the global economy are likely to constrain Albania’s growth path...Read more

ABKONS

The Abkons vision to expand their base beyond the Western Balkans and become a consultancy leader among elite companies in all the countries continues to become reality as they are now working on their first cross-continental project!

For more information please read here 

GrECo and MAI combine forces in Central and Eastern Europe

Specialist insurance broker GrECo acquires 100% of MAI CEE Ltd., a major risk, insurance and employee benefits consultant in CEE. The combined company, to be named GrECo, will be the leading professional services firm focused on the areas of risk and insurance management and employee benefits consultancy in CEE.

For more information please read here 

Tirana International Airport 

For the first time in its history, TIA reached 4 million passengers in one year. A considerable achievement taking into consideration all the challenges the aviation industry is facing all over the world.

For more information please read here 

NEW MEMBER

Membership to FIAA is open to all Foreign Investors, Representative companies and International Organizations working in Albania.

 Please contact us for further information!

IN FOCUS

Recommendations for improvement of the Business Environment in Albania  

UPCOMING EVENT

REGIONAL CONFERENCE ENERGY CHALLENGES towards DECARBONIZATION and SUSTAINABILITY

January 20th, 2023, Tirana, Albania