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Albania Investment Corporation initiative triggers gov’t interference concerns

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7 years ago
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By Ervin Lisaku TIRANA, Feb. 6 – The proposed establishment of an Albanian Investment Corporation as a state-run company aimed at facilitating public or private investment in remaining non-privatized assets in a bid to attract new investment and create employment has been met with skepticism by economy experts and the opposition over fears that the novelty structure could fail as a state-run enterprise and violate property rights. Proposed legal changes already approved by the finance ministry but pending further review before a final approval in Parliament envisage the establishment of the Albanian Investment Corporation as a state-run commercial enterprise where…

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Story Highlights

  • The proposed establishment of an Albanian Investment Corporation as a state-run company aimed at facilitating public or private investment in remaining non-privatized assets in a bid to attract new investment and create employment has been met with skepticism by economy experts and the opposition over fears that the novelty structure could fail as a state-run enterprise and violate property rights. Economy expert Selami Xhepa say the state-run Investment Corporation is a good idea but that will be difficult to apply considering past and current experience with the management of state-run enterprises marred by inefficiency and corruption allegations

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