Doing Business in Albania: Reforms & Opportunities
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5. CONCLUSION In conclusion, it is worth repeating the key question of this report: whether investors, as wealth creators enjoy the right conditions to flourish in Albania?, and to outline the main findings from the UK-Albania Business Forum and the various reports cited in this report. We hope to have provided a comprehensive assessment of the economic reform progress in Albania, remaining challenges, and business opportunities in the country. The report clearly shows that Albania is attractive and competitive in the global market, with a fast developing economy, and rewarding for foreign investors. That said, challenges such as decreasing uncertainty and risk, and increasing access to credit need to be addressed by the government. Economic reform momentum has been sustained and the country is advancing. Providing structural reforms continue to be implemented the country will be in a good position to deal with the competitive forces of the European Single Market. Albania has made big strides in enhancing the businessenvironment and has become one of the most business-friendly countries in the region, but there is still room for improvement as this report outlines. The government and parliament seem to be working
IBDE – Integrating World Markets
together to plan measures to address the 12 Key Priorities and the EU is willing to continue to assist them in doing so. The country offers very rewarding business opportunities (as identified in this report) and the future is bright. Potentially high investment return levels highlight how the country has a developing economy, which means that risks could be higher but opportunities to invest greater. Albania has a young, dynamic and entrepreneurial population, and Albanians tend to embrace opportunity, new ideas and ventures. The government’s and public support for foreign and domestic investors shows how important increasing investment levels are for Albania. Addressing issues of the RoL, corruption and property ownership will enable foreign and domestic businesses to fully seize this country’s opportunities. That means employment, which means better living standards. Since the desire and goals are the same for both the government and investors, the way forward is by creating a comprehensive strategy that could include an action plan to address the remaining challenges. This would further increase investors’ confidence in the Albanian market. We hope this report will serve as a stimulus to move forward this process.
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