10,000 Businesses 'Closed' within 5 Months
Albanian Daily News
Published February 13, 2017

Some 10.000 businesses ceased their activity during last 5 months of the year 2016. This relatively high figure was evidenced through a list published by the Tax Office General Directory. 

According to this list the number of the businesses which have ceased their activity on August 2016 was 95,089 while in December 2017 this figure went up to 106,439.

Businesses status changes to passive when no commercial activity is carried on during a 12-month period of the fiscal year.

The departure of a number of foreign businesses and some powerful investors indicates the existence of a currently unfavorable business clime in Albania. 






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