Minister of Economy and Innovation Delina Ibrahimaj said the government will approve a new investment law within this year. This reform will improve the business climate and align Albania with EU standards.
She made the statement at a press conference. She added that investment policy remains one of the government’s key priorities.
Meanwhile, the government is preparing the draft law. It is also reviewing investment incentives in EU member states.
In addition, public consultations will begin during the summer. The process will collect feedback from businesses and experts.
As a result, the government aims to strengthen legal certainty for investors. It also plans to encourage investment in disadvantaged regions.
Furthermore, Ibrahimaj said the reform will support both foreign and domestic investment. She noted that the ministry is also working on several strategic documents.
For example, one document focuses on industrial policy. It targets mineral resources and aims to integrate Albania into EU value chains.
At the same time, another strategy focuses on small and medium-sized enterprises. The government is working closely with SMEs. It helps them meet EU standards and access financial support.
However, Ibrahimaj noted challenges in the textile sector. She said the sector has slowed in recent months.
She explained that exchange rate fluctuations have contributed to this situation. Still, she said the government does not control the exchange rate. The market determines it through supply and demand.
Despite this, the government has held meetings with industry representatives. It aims to support the sector’s transition toward full-cycle production.
Finally, Ibrahimaj announced a new initiative called “Double Your Business.” The program will introduce a sovereign guarantee fund. In cooperation with the Bank of Albania, the government aims to lower lending costs. It targets interest rates of around 2%.
/a.c/
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