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Recovery plan, new instruments to financially support business

TIRANA, June 19 /ATA/-Minister of Finance and Economy Anila Denaj continued her tour of direct communications with business representatives in Mamurras, where she announced that in the plan of recovery that is being drafted by the government, new instruments will be included that will financially support business.

“In terms of recovery, one of the schemes we are preparing is a combination of grants and guarantees for business exporters in other areas. This scheme aims to combine business needs with policies that lead to increasing quality and competitiveness to achieve employment growth “, said Denaj.

According to her, this relationship, with a secured market, increased in capacity, will be made possible through two instruments, government funding and IPARD.

The minister said that since 2016 we have entered into a sovereign guarantee together with the EBRD and 6 second-tier banks to finance only the agricultural sector an amount of 180 million Euros.

During her visit, Denaj said that this successful business of collecting, agro-processing and exporting aromatic and medicinal plants, along with similar models throughout Albania, are a source of development for the full value chain, providing income and circulation also to farmers on the outskirts of the country.

The business representative stressed that he has already managed to trade 2000-2200 tons per year, mainly in Europe. “There has been a steady increase of 5-25% every year and in addition everything is expanding,” he said.

The entrepreneur said that there has been cooperation with the EBRD.

“EBRD stands very close to us to find cooperation. Lastly, it was a business plan of the company’s potential and solvency. We did an in-depth analysis, which was funded 50% by the EBRD, “said the entrepreneur./a.gjonaj/ /a.g//r.e/p.s./

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