TIRANA, May 22 /ATA/ – Tirana Chamber of Commerce and Industry, in collaboration with the Italian-Albanian SME Development Program, hosted an information session for business representatives on Thursday.
The Italian-Albanian SME Development Program, a joint initiative of the Italian and Albanian governments, aims to boost Albanian businesses by improving their access to credit and providing technical assistance
The program provides real opportunities and access to soft loans for small and medium enterprises (SMEs) through a credit line of 30 million euos.
The Deputy Minister of Economy, Culture and Innovation Blerta Rama attended the event, highlighting key role of businesses in the country’s integration process and urging entrepreneurs to take advantage of program’s support opportunities.
The Head of Tirana Chamber of Commerce and Industry, Nikolin Jaka, emphasized importance of active participation of businesses in this initiative, calling it a strategic step on the path towards integration into the European Union.
The Program Director Gavril Lasku said that the initiative will directly impact the growth of technology and the competitiveness of businesses.
Around 30 businesses, members of the Tirana Chamber of Commerce and Industry, attended the event and were introduced to the criteria, conditions and steps for application.
SMEs (Small and Medium Enterprises) play a key role in Albania’s development and economic growth. They constitute the backbone of the private sector and have a direct impact on the national economy.
The latest INSTAT data show that SMEs accounted for 99.9% of active businesses in Albania and employed 82.5% of the workforce. They generated 81.3% of the total turnover of the economy and contributed 73.1% of investments and 78.2% of gross value added.
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