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Uncertainties over election result, tax policy likely to hold back new investment

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7 mins read
9 years ago
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 TIRANA, May 24 – Albania’s business climate got a real boost from the overcome of a tense political deadlock that undermined business and consumer confidence for several months, but uncertainties over the result of next June’s general elections until a new government takes over next September are expected to continue holding back new foreign and domestic investment. The uncertainties are related to the new government that will take over after the June 25 general elections and the tax policies it will apply. Unlike previous elections, no pre-electoral coalitions have been formed ahead of the elections, and all major three parties,…

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Story Highlights

  • Unlike previous general elections, no pre-electoral coalitions have been formed, and all major three parties are running alone, making the winning coalition a bid difficult to predict, while the tax policy could face a major change as the opposition is promising a 9 percent flat tax and a 15 percent VAT

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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