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Law on Strategic Investments of Albania 2016.

Country/Territory
Albania
Document type
Legislation
Date
2016
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Environment gen., Fisheries, General
Keyword
Framework law Business/industry/corporations Consumer protection Protection of environment Tourism Transport/storage Waste management Energy conservation/energy production
Geographical area
Europe, Europe and Central Asia, Mediterranean, Southern Europe
Abstract

This Law lays down rules for introducing special favorable, easing or expediting administrative procedures for supporting and providing services to the investors in order to promote and attract strategic domestic and foreign investments in the sectors with a high potential for the development of the Albanian economy. Article 5 lists the basis of public interests to be taken into account while assessing a strategic investment, including creation of jobs, regional and local economic development, development and improvement of conditions and standards for the production of goods and provision of services, increased overall level of safety and quality of citizens’ lives, and protection of the environment and consumers. Strategic sectors are listed in Article 8 and includes energy and mining, transportation, urban waste, tourism, agriculture, fisheries sectors.

Full text
English
Website
investmentpolicy.unctad.org