Investment Council in Albania

Location:

Albania

TCRS Number:

527

Business sector:

Other

Notice type:

Public

Status:

Approved

PSD disclosed:

25 May 2022

Project Description

The Albanian Investment Council (IC) was established in April 2015 by a Decision of the Council of Ministers.  It is composed of 3 groups of members: (i) the Government, represented by the Minister of Finance and Economy who chairs the IC, the Bank of Albania, General Tax Directorate, General Customs Directorate and other relevant institutions; (ii) the business community, represented by business associations/chambers both on permanent and rotating membership basis; and (iii) international organisations, represented by the local offices of the EU Delegation, World Bank, IFC and EBRD.

Since 2015 the IC is supported and coordinated by a full-time Secretariat (IC Secretariat) that consists of independent professionals, selected through an open and competitive process, and monitored in their activities by the EBRD.

The IC Secretariat’s mandate is to directly engage with the business community, with a senior figure acting as the Head of the Secretariat.  The IC Secretariat prepares the meetings’ agenda, maintains strong relations with all stakeholders and interested parties, and is fully accessible to all companies operating in Albania.  In addition, the IC Secretariat underpins the discussions in the IC with analytical research and background and technical notes; prepares minutes and reports of IC discussions; conducts further research and reports back to IC; prepares concrete recommendations to be submitted to the Government; and monitors implementation and follow-through of all recommendations adopted.  Topics addressed by IC meetings are selected through voting by all IC members as well as online voting by interested businesses.

The proposed TC will provide funding to extend the support to the IC Secretariat via the provision of consultancy fees for professional staff, as well as necessary operational expenditure to support the operation of the IC Secretariat and the convening of IC meetings. Through the forthcoming years, the IC Secretariat will continue to assist the IC to further:

  • Identify the main impediments to business and investment in different sectors of the economy and propose workable, evidence-based solutions to resolve them.
     
  • Ensure the necessary consensus between Government and the private sector to prioritise and take forward systemic reforms successfully to improve the business environment. 
     
  • Discuss and propose changes to the legislative/regulatory framework to remove these barriers and support systemic reforms to improve the business environment.
     
  • Develop a mutually advantageous, non-discriminatory, transparent and constructive business environment that increases investment and employment opportunities.
     
  • Facilitate the exchange of experiences and best practices from other countries in the regulatory reform promotion process.

The main counterparts for the IC Secretariat continue to be the Minister of Finance and Economy, as well as other governmental institution in charge of policy-making related to investments and business in the country.

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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