TIRANA, June 6 /ATA/ – A government support package providing up to 100% of tourism projects’ financing has entered into force after being published on the Official Gazette on Wednesday.
Albanian government provides financial support to companies and individuals wishing to implement tourism development projects across the country.
A Directive by the Ministry of Tourism and Environment sets out the criteria and deadlines regarding the request-proposals to benefit up to 100% financial support for projects on tourism.
According to the criteria, for a company or individual to benefit from the government funding, the applications must be in accordance with the principles of sustainable tourism development in the country; should promote tourism industry to spur economic development and improve life quality; promote tourist products and attractions, natural and cultural heritage values; promote the professional education of human resources of entities that develop activities in the field of tourism, in order to increase the quality and improve the service; influence the digitalization of the tourism industry to increase the efficiency of efforts to develop innovative products and services; as well as to improve the framework of studies or models of tourism products.
Under the package, the applications and proposals can be submitted throughout the budget year, and after their review and approval, payments benefiting from the budget fund will be made 60% of the value, at least 5 days before the start of the project and 40% of the value upon completion of the project.
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