BREAKING NEWS

The organizing group of the arms business in Gërdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

The organizing group of the arms business in Gërdec is about to sink, the
x
BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
x
BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
x
BREAKING NEWS

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who challenges the old "wolves" in politics, apartment 200 thousand euros, 11 bank accounts, staggering profits from rent, 180 thousand euros from property sales, how he justified the milli...

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
x
BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
x
BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here
x
BREAKING NEWS

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57 thousand square meters of land, 2 ministers were implicated, SPAK takes over the lawsuit against the government mega-oligarch

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57
x
BREAKING NEWS

The well-known journalist warns of sensational arrests in the coming days, here are some of the "scorching" files that SPAK is investigating and the scheme followed by BKH agents to arrest Jorgo Goro, the acting mayor of Himara was intercepted for 4 mo...

The well-known journalist warns of sensational arrests in the coming days, here
x

Ekonomia

US Chamber of Commerce 40 recommendations to boost foreign investment, from monitoring concessions to increasing control over institutions

US Chamber of Commerce 40 recommendations to boost foreign investment, from

The American Chamber of Commerce has drafted 40 recommendations to our government for absorbing foreign investment and improving the business climate. The Albanian economy needs to recover from the shock of the pandemic, but this is not easy given that businesses have been severely damaged and the pandemic has not yet completely disappeared. Thus, after the field surveys made for the last 10 months, AmCham published the investment agenda, where it recommends to our government the steps it should follow to have growth as fast as possible. One of the main recommendations is to eliminate all bureaucratic procedures, which hinder the promotion of foreign investment. Another recommendation calls for the government to be more transparent with business-related projects, in order to avoid corruption. "It is recommended to increase transparency in every government project. "The goal is to increase the establishment of transparent platforms from government to business, to attract more trusted investors and minimize the risk of corruption," said one of the recommendations. It is also recommended to restructure the fiscal system to stimulate the formal economy. Because, according to AmCham, the Albanian economy continues to have a high level of informality, especially in the agricultural sector, but also in many other sectors. restructuring of the fiscal system is recommended to stimulate the formal economy. Because, according to AmCham, the Albanian economy continues to have a high level of informality, especially in the agricultural sector, but also in many other sectors. restructuring of the fiscal system is recommended to stimulate the formal economy. Because, according to AmCham, the Albanian economy continues to have a high level of informality, especially in the agricultural sector, but also in many other sectors.

Monitoring of concessions

Another important recommendation is about monitoring concessions. AmCham stated that controls should be strengthened in drafting and concluding tenders for contracts and PPPs. For this point it is recommended that any contract should be concluded on the basis of European directives on concession issues. "There is an urgent need to strengthen transparency and detailed control in public procurement contract procedures. Rules need to be drafted within the EU legal framework. Specifically, European standards according to OCDS must be respected, and the companies involved must report on any data of the signed contract; to increase fair competition also according to European standards ", recommends AmCham.

Increased control over public entities

According to AmCham, the improvement of the business climate and the absorption of investments are greatly influenced by the way public funds are used. For this reason, it is recommended that, from now on, more institutions be controlled that misuse public funds without criteria and in trivial projects. It is even recommended that funds no longer be issued for exceptional cases. You need to set conditions that reduce the use of "special exceptions" to public funds. Using large funds for unimportant and non-transparent projects greatly harms the market. "Currently, some types of public funds totally bypass European standards with the justification that they are used in the public interest and this should not be tolerated anymore", the document states. In these conditions, it is recommended that the government drafts reinforced legislation as soon as possible,