SCAN exclusive: Taxes, infrastructure and energy hindering Albania’s economic growth, according to CEBR

The Center for Economic and Business Research, the largest in Britain and among the most prestigious globally, in the report titled World Economic League Table 2018, exclusively seen by SCAN , not only offers projections until 2032 for the Albanian economy, but also analyzes the current situation of the economy, and also identifies the main problems that the Albanian economy faces.

One of the main risks evidenced by the report is that of the foreign investment slowdown once the current projects of TAP and Devolli are finished.

This risk is underlined by almost all other international institutions.

As these two major projects have been one of the main drivers of the current economic growth, the slowdown in the money that such projects inject into the system threatens to undermine growth rates.

On the other hand, regulatory barriers, inefficient taxation system, and limited access to financial services have prevented private sector growth in Albania, reads the report.

The document states that the government is taking some measures to improve the business climate through tax and law reforms that are expected to promote a faster growth.

“Among other things, there is a huge gap in infrastructure, which is also what hampers production growth,” writes the report issued by the British Center for Economic and Business Research.

The pursuit of energy reform is seen as one of the key priorities, since “achieving stability in the energy sector is paramount to sustainable economic growth in the medium term,” concludes the chapter devoted to Albania, the world’s 125th economy among 192 in total.

SCAN

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