Visual Stories of Female Entrepreneurs

IFTF#Success 2014
IFTF#Talent 2013
IFTF Warsaw 2012
IFTF Zagreb 2011
IFTF Istanbul 2011

Albania

Financial Sector Enabling Environment in Albania

Albania
Ease of doing business (rank)	85
Starting a business (rank)	62
Starting a business - Cost (% of income per capita)	22.1
Starting a business - Procedures (number)	4
Starting a business - Time (days)	4
Starting a business - Minimum capital (% of income per capita)	0
Dealing with construction permits (rank)	185
Dealing with construction permits - Cost (% of income per capita)	N/A
Dealing with construction permits - Procedures (number)	N/A
Dealing with construction permits - Time (days)	N/A
Registering property(rank)	121
Cost (% of property value)	11.4
Procedures (number)	6
Time (days)	33
Protecting Investors (rank)	17
Getting credit (rank)	23
Trading across borders (rank)	79
Enforcing contracts (rank)	85
Enforcing Contracts - Cost (as % of claim)	35.7
Enforcing Contracts - Procedures (number)	39
Enforcing Contracts - Time (days)	390
Resolving insolvency (rank)	66

Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)

Starting a business

Albania made starting a business easier by making the notarization of incorporation documents optional.

Registering property

Albania made property registration easier by setting time limits for the land registry to register a title.

Paying taxes

Albania made paying taxes easier for companies by abolishing the vehicle tax and encouraging electronic filing for taxes.

Conclusion

Corruption remains a big problem holding back the economy in Albania. The deterioration related to corruption is not helpful and may reflect the unsettled political environment.

The most problematic factors for doing business in Albania:

Access to financing
Corruption
Inefficient government bureaucracy
Tax regulations
Policy instability

Detailed PFS Albania High Level Financial Sector Overview Oct 2012 can be downloaded here.

Detailed PFS Regional Benchmarking Report Oct 2012 can be downloaded here.

IFTF Members from Albania

Our Network

FOLLOW US!