TIRANA, Aug 21 /ATA/- Craftsmanship remains an added value to domestic economy which, by capitalizing on tradition and history, propels trade in these products into development within and across borders.
With view to restoring and boosting this sector with untapped potentials in our country, the government has approved two years ago the setup of Creative Economy Fund, in support of the artisan business.
The fund aims to develop Albania’s handicrafts sector, creating a favorable environment for more sustainable economic activities and creation of new jobs.
Albanian Foreign Investment Promotion Agency (AIDA) announces that the Albanian government has designated for 2017-2019 a fund worth ALL 30,000,000, with an estimated budget of ALL 10,000,000 per year.
The Creative Economy Fund has been set up to serve Micro and Small Enterprises that operate in the handicrafts sector. Projects selected by the craftsmanship sector cover the following areas: New product development; Purchase of equipment to promote production; Product marketing and Qualification and managerial capacity building of the applicant company.
AIDA announces that companies can apply until 01.11.2019 to benefit from this fund, which provides a subsidies for expenses related to activities approved on the basis of cost sharing.
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