Business Climate Improves in 2018
Albanian Daily News
Published May 8, 2018
The German Association of Industry and Commerce in Albania (DIHA) has published on Monday the results of the 9th Business Survey in Albania.
The survey is a joint project of the German Chambers of Commerce in Central and South Eastern Europe (16 countries) and DIHA and the participants of the poll are members of the respective chambers. In Albania, 38 participants or 43% of the DIHA members replied.
Regarding the expectations of the Albanian economy, 47% of the companies note improvement of the situation, according to the survey.
Most companies have particularly appreciated the economic situation in their sector as well. Regarding their own business situation, 47% of the participants perceive improvements in 2018.
They also expect to increase their revenues with 56% of the participants responding they will have increased revenue in 2018.
Compared to the previous year, respondents have different perspectives on the expectations of the economic situation within the sector. About 42% of respondents expect improvement of the economic situation in the future, much higher than in the previous years (2017: 37%, 2016: 41%, 2015: 35%). Altogether, around 90% of respondents stated that the situation has not deteriorated.
Regarding the assessment of Albania as a place for investment, participants in the survey were asked for about 20 factors, which this year are estimated mostly with higher grades compared to the previous year. Only five factors show a slight decrease compared to the previous year, which are: labour cost, payment behaviour, tax burden, tax authorities and tax system and public administration. 13 factors were positively assessed this year and two factors have not changed.
The highest evaluated factors were labour costs, productivity and motivation of employees, qualification of employees, legal flexibility of employment and adequacy of higher education.
Whereas the lowest evaluated factors were access to state or EU funding, predictability of economic policies, legal security, transparency of public procurement, fight against corruption and crime.