• Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The...

OLTJAN HOXHOLLI

Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The Republic Of Albania"

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Law 67/2018 For an Amendment to Law No. 55/2015 "On Strategic Investments In The Republic Of Albania"
Law No. 67/2018, issued on 04.10.2018, published in the Official Gazette No. 152, has amendment Article 36 of Law 55/2015 "On Strategic Investments In The Republic Of Albania" by postponing the Deadline for submitting applications to be categorized as "Strategic Investment" until 31 December 2019.
Hereby, we recall that the Purpose of Law 55/2015, is to promote and attract strate- gic domestic and foreign investments
in those sectors that are identi-
fied as strategic sectors in the Law i.e. Energy and
mining; Transport, electronic communica- tions infrastructure and urban waste; Tourism (tourist structures); Agriculture (large agricultural farms) and fisheries; Economic zone; Development priority areas; by introducing special favorable, easing or expediting administrative proce- dures for supporting and providing services to the investors.
Under the provisions of the Law 55/2015, the assessment whether the strategic investment is of public interest or not, is based on the a) investment amount; b) period of investment execution; c) invest-
ment productivity and added value; d) creation of jobs; ç) priority economic sector; d) regional and local economic development; dh) development and improvement of conditions and standards for the production of goods and provision of services; e) introduction of new tech- nologies in order to increase competitive- ness and effectiveness of the investment etc..

Sun Jan 13 22:12:57 CET 2019




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