TIRANA, Nov 11 /ATA/ Minister of Economy and Innovation Delina Ibrahimaj chaired the latest meeting of the Investment Council, attended by representatives of the business community and international partners. Discussions focused on improving the investment climate, bringing businesses into line with European Union standards and streamlining administrative procedures.
The meeting also featured an analysis by the Investment Council Secretariat, along with recommendations to address the challenges businesses face in the process of European integration.
Minister Ibrahimaj stressed that aligning legislation with EU standards requires not only the adoption of legal acts but also preparing businesses to meet the new requirements governing production, service provision and competitiveness in the European market.
In this regard, the Ministry of Economy and Innovation, in cooperation with international partners, has begun work on a programme aimed at helping Albanian businesses align with European standards and prepare for access to the EU Single Market.
The Ministry of Economy and Innovation, in cooperation with international partners, is developing a phased programme to help Albanian businesses align with EU standards and prepare for access to the Single Market. The initiative will assess businesses’ needs and provide support for investment in technology, equipment, facilities and certification, including through the “Double Your Business” programme and potential dedicated grants.
The ministry will resume consultations with various economic sectors in December to identify and address administrative barriers, costs and procedures related to permits, licences, authorisations and public services.
The minister called on business representatives and associations to actively participate in the consultations, stressing their role in identifying challenges and developing practical solutions. Discussions also covered strengthening classification, monitoring and inspection systems, improving tourism standards and ensuring that legal requirements are applied equally to all businesses.
Minister Ibrahimaj presented the draft law on investments, currently under public consultation, which aims to align Albania’s legal framework with EU standards and introduce mechanisms for investment protection, foreign investment screening and investor support.
The minister said consultations would continue to incorporate recommendations from businesses and international partners, while bylaws would be drafted and discussed alongside the bill to ensure a comprehensive and effective legal framework.
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