Sali Berisha: In 5 years, no foreign investment in Albania

According to him, this is a failure because many of them fled and sold businesses.

The major causes are the major causes of non-responsive and departure of foreign investors is the rampant corruption of narcotics and its government and crime linked to the highest levels of narcotics.

His full post:

With the failed painter, no serious foreign investment in Albania.

That's why the loser painter didn't bring any serious investors but drove a lot of eyes out of Albania!

Dear friends, in five years of Norieges government
No serious investors decided to invest in Albania.

Instead many of them

They broke their business and left Albania.

Tourism investor Omniks' torture, which would invest 1.5 billion euros, by the Rama-Dush gang, shocked every foreign investor in Albania deeply.

Others who came with the intention to invest found that their mission in Albania was impossible and fled to neighboring countries!

The greatest causes of non-responsion and departure of foreign investors is the rampant corruption of its narcotics and government and crime linked to the highest levels of narcotics!

Here's the U.S. State Department report, which analyzes the business climate and major investment barriers in Albania, considered by the American government a difficult place for foreign investment. sb

The American State Department (DASH) has published the expected report on the investment climate for Albania in 2018, which is also very harsh this year.

Concerns about corruption, lack of transparency in tenders prevail, while Albania is considered a difficult place to do business and favour policy-related companies.

With concern reported and private partnership projects estimated to have limited competition, while there is no cost-profit analysis. Adding ownership is another problem that foreign investors have reported.

The report consistently says that “foreign investors cite corruption, particularly in the judiciary, lack of transparency in public procurement and poor implementation of contracts as continuing problems in Albania. In 2016, the Albanian government passed sweeping constitutional changes to reform the country's judicial system and improve rule of law. Implementation of judicial reform is under way, including verifying judges and prosecutors for unexplained assets, but foreign investors perceive the investment climate as problematic and say Albania remains a difficult place to do business”.

“Investors report continued concerns, as regulators use difficult legislation and regulations to interpret, as means to discourage foreign investors and favour policy-related companies. Orders and laws regulating business activity often change and without meaningful consultations with the business community. Major foreign investors report pressure to hire politically bound subcontracts and express concern for compliance with the Foreign Corruption Practice Act during operation in Albania.

Corruption reports in government procurement are common. The increased use of private partnership contracts (PPP) has narrowed the possibilities for competition, including foreign investors, in infrastructure and other sectors. Poor cost-profit analyses and lack of technical expertise in drafting and monitoring PPP contracts are continuing concerns. The government had signed more than 200 contracts PPP by the end of 2017<18x1>.

The report continues, adding that “property rights remain another challenge in Albania, as the clear title is difficult to obtain. Some factors include unscrupulous actors who manipulate the corrupt court system to win the title of ownership in a land that is not theirs. Compensation for land confiscated by the former communist regime is difficult to obtain and inadequate. Meanwhile, the agency in charge of the issue of illegally constructed buildings often acts without full consultations and does not follow procedures”.

The American State Department for Investment Climate report a periodical publication that takes into analysis the investment climate in 170 economies, thus enabling business service information. Materials prepared by accredited economists within embassies in various parts of the world by analyzing economies that can be seen as potential markets from American businesses”.