Albanians leaving the country is hampering long-term foreign investments

Human resources are one of the main concerns that foreign investors have in relation to Albania.

Expert and consultant Ilir Binaj said that many potential investors refrain in their projects by the fact that there exists a shortage of specialized labor force, while a main concern is especially the upward trend in recent years of young people leaving the country.

Although Albania has competitive advantages in terms of labor costs, the fact that many Albanians do not believe they have a future in Albania causes uncertainty in terms of investing in a stable labor force.

According to experts, the 2016 balance sheets showed that businesses generally ended a positive year, even better than their expectations.

This improvement appears to have been influenced the renewal of domestic consumption, which has boosted sales in most economic sectors.

So far, experts do not see a softening of the control and pressure of the tax administration in relation to business, despite being an election year.

Binaj said that in recent months the tax authorities have done frequent and intense controls.

According to him, the consolidation of a culture of taxpayers will need relatively long timelines and streamlining measures to ensure the reduction of evasion, despite the change of government or other external factors.

The right way would be a sustainable balance between incentives and austerity measures, while the frequent intertwining of control campaigns with fiscal amnesties might produce negative effects.

SCAN

*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.