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Albania among top 10 reformers globally in economy
WASHINGTON, D.C., Sep 10 - Albania ranked second among countries which undertook reforms during 2007-08 to make doing business easier, according to Doing Business 2009—the sixth report in an annual series published by the World Bank and IFC.

In four of the 10 areas assessed by the report between June 2007 and June 2008, Albania saw key reforms that have simplified and eased regulations. Its overall rank on the ease of doing business index climbed to 86 from 135, putting Albania on par with other countries in the sub-region.

Albania made getting credit easier by establishing a public credit registry, and strengthened investor and shareholder protections with a new company law. Starting a business has become easier with the consolidation of several procedures under the National Registration Center and a reduction in registration fees.

Other reforms that are recognized by the report include the reduction in corporate tax rates from 20 percent to 10 percent and the introduction of e-filing of corporate taxes for large businesses.
Article Category: Business and Economy
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It's the Education System, Stupid
Gjergji K, has been working for two years as a police officer at one of Tirana’s police stations. He decided he would go for a degree in law. Two years ago he enrolled at one of the many private universities that have sprung up in Albania like mushrooms after the rain. “A law degree should set me up,” says Gjergji, “and open up opportunities to promote my career.” “Why should my son not have a degree in law?, “says Gjergji’s father.
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Opinion
Exclusive/ Head of WB in Albania Camille Nuamah
"The report, an effective tool of motivating reforms," says World Bank official Why is the report titled "Doing Business 2009" and not ".....2008"? It has been a longstanding practice at the World Bank Group to date reports forward to the time when they are in circulation rather than when the data is collected and the reports are written. For example, the forthcoming World Development Report usually launched around the time of our Annual Meetings in the autumn, will be entitled World Development Report 2009.
News
EU repeats to Albania of need to fight corruption, organized crime
TIRANA, Sep 9 – Pierre Mirell, the European Commission official in charge of the Balkans, repeated to Albanian authorities, during a Tuesday meeting, that fighting corruption and the organized crime remained top priorities for the Tirana government during its efforts to join the bloc. Mirell met with Prime Minister Sali Berisha, Foreign Minister Lulzim Basha and Integration Minister Majlinda Bregu. The EC delegation also spoke with local officials
News
U.S. reminds Albania’s autumn agenda
TIRANA, Sep 10 – U.S. Ambassador to Albania said that electoral reform, justice and lustration law were among the main issues the country should focus in the near future. In an interview to the Albanian newspaper Shqip John L. Withers II mention4d the NATO membership invitation and Kosova’s independence as the main ‘achievements’ this year. “It has been a fantastic year,” said Withers. “The first and in certain ways the most remarkable was the achievement of Kosovo’s independence… The second was of course the invitation of Albania to the NATO Alliance.
Business and Economy
MBP predicts continuing energy crisis for another 3 years.
Middle-term Budget Program, MBP, predicts that the energy crisis in Albania will continue for the next three years, from 2008-10. There are three main reasons for this, according to MBP: First, an estimated one-third of the energy gets lost in the distribution network without even reaching consumers. The technology is old and over-consumed. Second, many consumers steal from the network through illegal connections. And finally, imported energy is bought at a very high price in Albania.
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