10% of savings from procurement go to art - How the National Fund for Art will function, draft law for consultation

A new initiative in the field of culture is expected to bring changes in the way art and cultural heritage are supported in the country. The draft law in public consultation for the creation of the National Fund for Art, foresees that 10% of the savings generated from public procurement procedures at the national level will be spent on financing art and cultural heritage.
According to the explanatory report, the fund will have as its main goal the support of artistic production, the preservation of works of historical and cultural value, as well as increasing public access to cultural life. This mechanism will not only be financial, but also developmental, with a long-term impact on cultural identity and community life.
The draft law proposed by the Council of Ministers foresees that the fund will be used for the purchase of works of art, artifacts and objects of special importance, which will then become public property and will be administered by cultural institutions. One of the main objectives remains the enrichment of national collections, the protection and restoration of valuable works, as well as the promotion of artistic creativity.
In terms of organization, the fund will be administered by the ministry responsible for culture, while a committee of experts will make decisions on the selection and purchase of works. This committee will be supported by a technical secretariat, which will follow the administrative and financial procedures, ensuring more efficient and transparent functioning.
Meanwhile, the fund will be supported by 10% of savings generated from public procurement procedures at the national level. It can also benefit from donations and sponsorships, without creating an additional burden on the state budget.
The draft law also provides for flexibility in the purchase of works of art, allowing the use of national and international auctions, as well as direct agreements, but always under strict rules of transparency and control.
On the other hand, to guarantee accountability, the Ministry responsible for Culture will publish every year the list of purchased works and the fund's financial report, while its activity will be subject to audit by the relevant institutions.
This policy aims to strengthen cultural identity, increase citizen participation in artistic activities, and improve cultural infrastructure. Likewise, the draft law aims to ensure that artistic heritage is preserved and transmitted to future generations.
EU considering fuel rationing - Energy Commissioner Jorgensen: It will be a long crisis
The European Union is considering "all options", including imposing fuel rationing and releasing additional oil from strategic reserves, as it prepares for a......
German economy at risk - Growth forecasts halved as price increases weigh on economy
The German economy will grow by just 0.6 percent in 2026, instead of the previously projected 1.3 percent. This is the forecast of the leading German......
"Salty" Costs for the Hormuz Passage - Ships Pay Up to $2 Million in Yuan, or Cryptocurrency for Transit
Shipping through the Strait of Hormuz appears to be becoming increasingly complicated, as new data is emerging on tankers and cargo ships attempting to pass......
Albania among 40 allied countries for Hormuz, Minister Hoxha: Coordinated efforts to reopen the critical sea route
Minister for Europe and Foreign Affairs Ferit Hoxha has been part of the virtual meeting convened by British Secretary Cooper on the Strait of Hormuz. In a......
Legalization Reform, Rama: We will soon establish a new system with clear criteria
Prime Minister Edi Rama spoke today about the legalization process in Albania. During a meeting with citizens in Kashar, Rama said that some legalizations......
Construction of the 400 kV Albania-North Macedonia interconnection line begins, Karakaçi: We deepen mutual cooperation
On the North Macedonian side, work has begun on the construction of the 400 kV Albania-North Macedonia line. Present at the ceremony to start the works,......
World Autism Day/ Payments for children with disabilities doubled and insurance for caregivers recognized
The Albanian government will double the monthly payment for 11,000 children with disabilities, and for the first time, social and health insurance will be......
"Escalation of the conflict, impact on the Albanian economy" - BoA: Monetary policy stance will be reconsidered in early May
The military conflict in the Middle East has already brought a new reality to international markets and, if it escalates, will have serious impacts on the......



