TIRANA, Jan 21 /ATA/ – The Council of Ministers on Wednesday approved the establishment of the National Waste Economy Agency (AKEM), a fully state-owned joint-stock company tasked with implementing the objectives of Albania’s integrated waste management law.
The Ministry of Environment will act as the state representative and sole shareholder. AKEM will provide final waste treatment and related services for a fee, in line with its mandate and statute. Its initial capital is set at 20 million leks.
Within 30 days of the decision taking effect, the Ministry of Environment will complete the legal procedures to establish AKEM, approve its statute, and register the agency with the National Business Center.
The initial capital will be funded from AKEM’s budget. Implementation responsibilities are assigned to the Ministry of Environment, the Ministry of Finance, and the Minister of State for Local Government, and AKEM.
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