This publication provides a summary of the issues including legal, tax and accounting to be considered by those thinking to invest or do business in Albania.

The Albanian Minister for Standards and Services recently announced the closure of 95% of the public service counters by the end of April.

In May 2016, a new bilateral investment treaty ("BIT") was concluded between the Government of Albania and the Government of Kosovo

Since the beginning of 2022, the Ministry of Finance has called on all businesses that have not yet become part of fiscalisation, to adapt their systems and become part of the process as soon as possible.

One of the hot issues that has been discussed in the ambit of the Justice Reform is the role of international factor in the revaluation and monitoring process of the Judges and the Prosecutors. �

"Fitch Solutions", a well-known unit of the international rating agency "Fitch", published the latest risk report for the second half of 2021 for Albania.

After 22 years of the enactment of the Foreign Investment law in 1993, as amended in 2009, a new law on strategic sectors and strategic investments came into picture.

Albania is the largest exporter of crude oil in the Energy Community and is home to the largest onshore oil field in Europe (i.e. Patos Marinza).

In its most recent analysis, dated on May 21st 2021, the international rating agency "MOODY'S", evaluates Albania as a country with stable prospects and affirms Albanian Government's B1 rating.

The electronic registry of Concessions/PPPs aims to implement transparency and accountability principles in this sector.

The "Mountain Package" is a recent initiative launched by the Albanian government to encourage Albanian emigrants to return and invest in their homeland.

Albania has recognized the obligations in the global scale by introducing Anti Money Laundering Laws and regulatory framework.

Now we hear every day about the political side of the judicial reform, it is worth going back in time and look at the history of the assistance of donors and lending institutions or aid agencies . . .

Albania’s attraction of foreign direct investment (FDI) has been, and remains, a major factor in its recent strong economic growth.

On 18.02.2016, the Albanian Parliament passed the Law no. 13/2016 "On the way of provision of public services through service desks in the Republic of Albania" (the "Law").

Foreign direct investments can have a greater impact in the socio-economical development of the country, once they can help further in the growth of the nation's productivity.

To keep you up-to-date with the latest economic and financial developments, this bulletin prepared by our Tax Team provides information that may affect the operation of your business in Albania.

Kalo & Associates, namely Ardjana Shehi (Senior Partner) and Irv Vaso (Associate) contribute exclusively in the Albanian chapter of the 2017 IFLR 1000 Edition on US Outbound Overseas Investments.

While the use of DLT-based financial services is rapidly transforming the whole picture of financial markets for both market investors and market infrastructure providers ...