Deputy Prime Minister Albana Koçiu said that the program aims to support investments in the faҁon sector and furniture production, through financing with preferential interests.

According to Koçiu, the Albanian government’s ‘Double Your Entrepreneurship’ initiative aids small and medium-sized enterprises in the faҁon and furniture industries. It provides 2–3% preferential interest rates, sovereign guarantees up to 70% and 24-month repayment terms to drive investment and job growth.

“Double Your Entrepreneurship” is a direct policy to boost Albanian businesses, spark investment, and grow the economy. This measure makes it easier for companies to get money, build up production and create new jobs.

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During a briefing after the government meeting, Ibrahimaj said that the program aims to support entrepreneurship in all regions of the country.

“The program opens on July 1. It is crucial that businesses understand these funding opportunities and how to maximize their financing potential,” the minister said.

The minister informed that to boost business growth, the Bank of Albania has made €250 million in liquidity available through the local banks. To ensure businesses can access these funds, the Albanian government is backing the loans with a sovereign guarantee that covers up to 70% of the collateral.

This scheme will grant SMEs easier access to financing through low-interest loans ranging from 2% to 3%, depending on the risk assessment, according to Ibrahimaj. /j.p/p.s./

Speaking at a ceremony organised by the Tirana Chamber of Commerce and Industry to honour high-performing Albanian businesses, Begaj told the business community that the completion of the EU integration process directly affects the economy and increases the strategic importance of the private sector.

The head of state stressed the need to create conditions that allow Albanian companies to successfully compete in the European market, underlining that the process requires clear rules, transparency, the rule of law and a business environment in which entrepreneurship feels protected and valued.

“Europe is a space defined by high standards of quality, ethics and accountability, which open the way for strong but fair competition and long-term success,” Begaj said, adding that cooperation between state institutions and the business community remains essential to fostering stability and trust.

The President also praised businesses that support local communities, create jobs, promote corporate social responsibility and contribute to a more open and inclusive economy.

Begaj concluded by expressing confidence that, through strong enterprises, responsible institutions and fair cooperation, Albania will move steadily toward EU membership as a competitive economy with a clear future perspective.

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Aimed at fostering innovation, it connects the Albanian entrepreneurial scene with the Balkans, Europe, and the Nordics, providing a platform for networking, knowledge sharing, and collaboration.

Addressing the Slush’D launch event at the iconic Pyramid of Tirana, Mayor Erion Veliaj underlined importance of freedom of entrepreneurship, saying more and more young people should eye entrepreneurship as the most efficient way to become successful.

“The aspiration is not just to launch a startup, but to make sure that it becomes a long-term and sustainable project that would contribute to the country’s economy and innovation sector,” Veliaj remarked.

“It is worrisome that the findings of various public surveys in Albania show that around 70-80% of Albanian young people say they would wish to take up a government job upon graduation, whereas their Finnish, Estonian or Israeli peers say they plan to launch their businesses and become entrepreneurs. This has to change and the question is how to move from just a start-up to a stay-up?” Veliaj added.

Through a powerful networking and knowledge sharing platform, Tirana Slush’D brings together entrepreneurs, investors and industry leaders to drive growth and innovation. At this launch event, Albania start-ups are provided with the chance to introduce themselves to an international jury, gain professional recognition and expand their horizon towards global markets.

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Prime Minister Edi Rama announced that over 500 participants will have the opportunity to learn about inspiring stories, hold critical discussions and network with professionals from all fields of entrepreneurship in 60 events in Tirana, Korça, Shkodra and Vlora.

International Entrepreneurship Week is the world’s largest entrepreneurship event, a collection of tens of thousands of activities, competitions and events in over 170 countries held every November. These events aim to make it easier for anyone to start and grow a company.

By support of the Kauffman Foundation, International Entrepreneurship Week has expanded to over 170 countries since its launch in 2008 with 20,000 partner organizations now serving as pillars of community building.

From November 13-19, the International Week of Entrepreneurship will gather a wide range of professionals, entrepreneurs, important figures from political fields and people from all over Albania to participate in many activities. /m.m/p.s./