Tourism a potential sector, guarantees for Italian businesses: PM Rama at Albania-Italy Business Forum
Albania is a country with increasing potential in a range of sectors. But according to Prime Minister Edi Rama, tourism is one of the sectors where there is a lot of room for activity, and domestic tour operators are not meeting the current demand.
Attending the Albania-Italy business forum, PM Rama invited Italian entrepreneurs to invest in our country, and to feel safe, since the country has a favorable tourism legislation.
“I want to emphasize a single element. Certainly the country has many potential for growth and many investment opportunities in the sectors of energy, oil, minerals, agriculture and tourism. What we are experiencing in this period is that the space where opportunities are offered even with the exponential demand is that of tourism. We really have a lot of room in this area.
“While every year the increase in demand is really unattainable from the point of view of the offer. Our tour operators are forced to reject 5 percent of the demand, a highly diversified demand. Moreover, there is an advantageous legislation as far as investing in tourism is concerned. In the next 5 to 10 years, it will be really the most important field in Albania from all viewpoints. Anyone investing in a 4 or 5 star hotel would have ten years without any taxes, only a VAT of 6%.”
Rama assured the investors that Albania is on the right track, and is becoming similar to Italy in many important aspects, such as taxes and bureaucracies.
“And to think that there are 20 billion euros here in the hall is something incredible. And I hope some of these euros will remain here in Albania. Will remain in Albania in the form of investment. Albania is a growing country, and the Italians really feel at home here because we are Italians with all our values and shortcomings, despite not sharing the same history, traditions and culture.
“But I want to say we are the Italy of your grandparents. Here there is a lot to see and to do and much to win. Those who have made this step can prove that apart from the problems, apart from obstacles, Albania really guarantees all of these.
“Put in a single word, we share a similar way with yours, that is: very low taxes and bureaucracy as well. We will continue to ease bureaucracy, while with taxes we are at a very low level. We are developing a regulatory process. We are a country on the right track, and Italian entrepreneurs feel safe here.”
The business forum saw the attendance of the Minister of Finance and Economy Arben Ahmetaj and the deputy Minister of Economic Development Ivan Scalfarotto.
Also attending were some 200 delegates and about 350 Italian business people.
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