U.S. Ambassador to Focus on Business, Democracy and Justice – Exit
US Ambassador to Albania Yuri Kim told a ceremony hosted by the Chamber of Commerce that their top three priorities in Albania are democracy, justice and business reform which will lead to a better future. for the country.
“Our priorities are defense, business and democracy. We have all long focused on democracy and defense. I am happy to lead the embassy to an impetus to raise our economy to a level. “
Kim also said the Skavica hydropower plant will attract US investment to Albania.
“Justice reform must end and fair competition must be a priority so that all investors respect the same rules of fairness and transparency,” she said.
“In the past 30 years we’ve come a long way, but when we see what’s happened, I say the future will be brighter,” Kim said.
American Chamber of Commerce: business confidence in Albania at its lowest since 2012
The American Chamber of Commerce Business index for 2020 found that business confidence in Albania fell 0.5% to 37.6 out of 100. Although the drop was relatively minor, it was the lowest rate since the index was created in 2012.
The index is published annually and measures the business climate in Albania by studying the perceptions of the 220 AmCham members, which include US, foreign and local companies.
According to the 2020 index, “[m]or 71% of AmCham members perceived the business climate in Albania as unfavorable, while 9% saw it as positive and 20% as neutral.
Regarding Skavica, the project between Bechtel International Inc, the Albanian government and the US Embassy in Tirana was launched last week.
The government will finance its construction with a loan from the US Development Bank – US International Development Finance Corporation (DFC).
Skavica is Albania’s most strategic energy project and its most important water reservoir, containing around 7 billion cubic meters, making it the largest in Europe.
The launch of the project comes after the signing of an economic cooperation protocol between the two countries in October 2020.
On the same day last year, Albanian Energy Minister Belinda Balluku sign another memorandum with the American company Bechtel for the construction of the hydroelectric power station.