TIRANA, February 10/ATA/ Deputy Minister of Economy, Culture and Innovation Sokol Duma said that, “The draft law “On Mountain Package” aims to promote economic development in 100 villages, through attracting investments that will generate employment, improving living conditions for the residents of the area and protecting ecosystems”.
Present at the Assembly Committee on Productive Activities, Trade and Environment, during the review of the draft law, Duma noted that the mountain package aims to provide legal solutions to the specifics presented by the current situation with state-owned real estate in mountainous areas.
He also continued, it aims to transfer ownership of state-owned assets in these areas, possessed without title by private entities, in order to develop them.
According to him, the draft law defines a series of facilities for investors who will become part of this package.
“Thus, it foresees the declaration of mountain areas with development priorities; development of state assets possessed without title by private entities in these areas, in accordance with the rules and legislation for territorial planning and development; transfer of ownership through the sale of these state real estate assets for a symbolic fee of 1 euro. Meanwhile, the ownership certificate will be obtained only after the development project is completed, while the first 500 entities that will invest in the mountain economy will be exempt from tax for a period of 10 years, exempt from the infrastructure tax, real estate tax and VAT”, said Duma.
After the review, the Committee on Productive Activities, Trade and Environment approved the draft law “On the Mountains Package”. /j.p/p.s./
