Business climate rated as unfavorable by two-thirds of investors

TIRANA, Feb. 16 – Two-thirds of businesses in Albania consider the business climate unfavorable with courts, corruption and frequent changes in legislation and tax procedures as the top concerns, according to a survey conducted on behalf of the Foreign Investors Association of Albania, representing the country’s top investors. Expectations for 2017 remain grim with only 10 percent of the 70 surveyed foreign investors describing the business environment as favorable and more than a third as unfavorable. Courts and corruption became a tougher issue for about three-quarters of foreign investors in 2016 as the country struggled to approve a long-awaited justice…