Germany looking for more investment in Albania

TIRANA, July 30 – The Albanian government said that Germany was looking for more investing possibilities in the country following the good environment there. Tirana government said that Albania was positively evaluated by Germany that was improving the possibility of guarantees for exports in Albania through Hermes insurance company, according to the premier’s internet site. Hermes insurers have become an important element of the German policies for urging exports and that serves to guarantee German exporters and banks for risks in paybacks due to economic or political reasons. Albania is evaluated well in the paying back process. There were possibilities for short-tem businesses with 12 month loans without formal limitations. Other structured projects and financing can also be guaranteed. The Albanian government hailed the recent move and evaluation for their countr7uy saying that opens the way to a new stage of general economic cooperation between Albania and Germany. (Tirana Times Staff)