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The government will launch a public consultation this summer on the new strategic investment law, which is expected to replace the current law that expires at the end of this year. So, a kind of retreat after the massive protests.
According to the Minister of Economy, Delina Ibrahimaj, the new act will be drafted in accordance with European Union standards and will aim to create a new framework for attracting investments.
" We have undertaken to adopt the new investment law within this year. We are conducting an analysis for all EU countries on the incentives they have, with the aim of attracting investments to their countries. Within the summer, we will begin a consultation process for the new investment law, according to EU standards, as well as for attracting investments in disadvantaged areas ," said Ibrahimaj.
Speaking about the projects in Sazan and Zvërnec, the minister explained that for the island of Sazan, the Albanian state intends to be a co-investor and co-owner, while negotiations with the development company are still in progress.
" We have started work on the development of the Sazan area. It is an island that will remain owned by the Albanian state. In that project, the Albanian state will be included as a co-investor and co-owner. We are negotiating with the company regarding the percentage that the state will have in the development of the project. Once we have a clear picture, everything will become transparent ," she said.
Regarding the project in Zvërnec, Ibrahimaj emphasized that it is still in the drafting phase and does not have a final version.
" We still do not have a project for Zvërnec. Architects and environmental experts are working to draft a project that will meet EU standards in terms of environmental protection and that will make it possible to realize the largest investment we have had in tourism, at the level of 4 billion euros ," the minister declared, adding that such an investment would be an important boost for the Albanian economy.
At the conference, Ibrahimaj also focused on the economic situation and said that the government will continue to monitor price developments, guaranteeing support for pensioners and those in need if inflation increases.
" Pension indexation will no longer take place in October, but in July. Today, inflation is at 3% and it is not considered that we are in conditions where price increases are unsustainable. But, when we assess that there is a price increase beyond what pensioners or needy groups can afford, we will be there to take the necessary measures and support them ," she said.
The Minister of Economy described the country's economic situation as stable, emphasizing that growth continues to exceed expectations.
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