Why are difficulties increasing for businesses? - Expert: The reasons range from the lack of employees to the costs of increasing salaries
The latest data from the Institute of Statistics reports that enterprises or businesses in 8 regions of Albania have been reduced during 2024.
In an interview with Scan TV, economic expert Remir Llakaj, from contact with businesses, listed that the main factors are employee layoffs, wage increases, and increased costs.
"One of the factors is the difficulty in finding employees, or replacing old employees with new ones. Since recently more people have left, this has brought difficulties in the Albanian market for businesses to find new employees. One of the other reasons is the lack of credit financing, since small businesses encounter difficulties in financing and if they turn to banking institutions, they are forced to present collateral, which most businesses do not have available, which means that they no longer have capital for liquidity to continue their commercial activity."
But to avoid the closure of the number of businesses, the economic expert suggests several incentives that could improve the business climate in the country, mainly in small regions and towns.
"One of the main factors is fiscal predictability, which would mean that if there was stability in terms of taxes or fiscal procedures, for small businesses there would be no frequent changes in tax legislation, it would create a stable situation for businesses, they would have a longer-term plan for investments or to develop their business. One of the other factors is the digitalization of the various platforms or systems that entities are using, in this way they avoid all bureaucracy, open up facilities for making various applications and submitting documents in a faster time."
Among other things, expert Llakaj emphasized that improving the business climate requires reducing taxes, providing support through various subsidies and grants, as well as increasing domestic production, and opening new markets to develop the labor market.
Internship in administration/ Muzhaqi: Payment in the form of financial compensation for 600 young people!
The Minister of State for Youth and Children, Bora Muzhaqi, has announced the opening of the 10th Call of the National Internship Program, a concrete......
EU, common market for space services - The act aims to strengthen the bloc's position in the global arena
The EU Commission aims to create a competitive single market for spatial services and data by reducing bureaucracy, protecting spatial assets and ensuring a......
How much money do Albanians keep in the bank? - Deposits included in broad money return to growth. Around 1.38 trillion lek in May
Deposits included in broad money returned to growth in May, after a decline in the previous two months. According to Central Bank statistics, the amount of......
US, agreement with China on minerals - Pact aims to accelerate shipments of rare metals
The United States has reached an agreement with China on how to speed up shipments of rare earth metals to the US, a White House official said. During......
Vineyards, how many grapes were produced by farmers? - Kaçorri: Orientation towards quality and indigenous varieties
The areas cultivated with vineyards throughout Albania have managed to produce a production of 183 thousand tons of grapes throughout 2024. INSTAT figures......
Tirana Bypass completes Milot-Fier highway - ARRSH opened tenders, 7 km are part of the Adriatic-Ionian Corridor
The opening of the tender procedure for the construction of the Tirana Bypass by the Albanian Road Authority marks the completion of all segments of the......
"WTO, paralyzed for years" - EU proposes creation of a new trade organization
At the EU summit in Brussels, European leaders discussed the possibility of reforming the institutional framework of the World Trade Organization, including......
"US tariffs, negligible for Albania" - Governor Sejko, at the IMF and WB Constituency Meeting
The Governor of the Bank of Albania, Gent Sejko, participated in the Constituency Meeting of the International Monetary Fund (IMF) and the World Bank Group......
