“Lower taxes and better cost of living” - Italian investor in Albania: This country has many benefits for investing
The lure of foreigners to invest in Albania is a trend that continues to grow month after month. One such example is the case of Davide Falso, an Italian who has invested in Albania, listing the reasons for his choice.
"I came to Tirana 3 years ago. I have a company, I actually moved it from Italy to Albania, like 90% of other cases from Italy or anywhere in the world. The main reasons are lower taxation and the lower cost of living here."
Davide also gave his opinion regarding the promises made by political forces during the campaign for the May 11 elections, where tax cuts for businesses were discussed.
"The benefits are numerous, not only for me, but also for the employees – in many aspects. For me it is quite good, because like all other entrepreneurs, we are always looking for the best solutions. If taxation is reduced compared to the current one, we will have a better situation for our employees."
According to data from the Bank of Albania, foreign direct investments reached 1.6 billion euros in 2024, increasing by 5.6% compared to 2023.
Vlora/Balluku International Airport runway certified: Historic moment, operational with all services in the summer
At the new international airport of Vlora, the first certification flight was carried out today, also realizing the handover of the work on the air......
Fed leaves interest rates unchanged - Inflation and high unemployment increase the risk of stagflation in the US
The Federal Reserve kept its target rate at 4.3% for the third straight meeting, after cutting it three times in a row late last year. Many economists and......
Google split "unites" US and EU - US legal case could trigger bloc's competition probes
The call by competition law enforcers in the United States to break up Google could embolden the EU as the bloc seeks to push forward its own......
New Data Protection Law/ Dervishi: "It marks great progress, now the challenge is its full implementation!"
The Office of the Commissioner for the Right to Information and Personal Data Protection co-organized with the American Chamber of Commerce (AmCham) an......
External debt reaches 6.4 billion euros - Over 81% is in the common European currency. Impact, Eurobond
The external debt that the government has taken on to meet its financing needs, mainly related to investments in infrastructure and public services, amounts......
“Getting a loan is less difficult” - BoA: Approval procedures were easier for businesses in the second half of 2024
In the second half of 2024, the process of obtaining a loan from banks has not been very difficult for businesses. The latest Bank of Albania survey on......
42 billion lek for road transport - The main projects where the money was spent last year
Expenditures on road transport reached 42 billion lek in 2024, or 100% of the funds planned for this purpose. According to data from the Budget Monitoring......
US trade deficit hits record low - Agricultural exports see significant decline
The US trade deficit widened by 14 percent to a record $140.5 billion in March as businesses stockpiled goods in anticipation of President Donald Trump's......
