Support without guarantees for Entrepreneurs in Albania and Kosovo

HLB Albania

Simest, thanks to the possibilities offered by the Relaunch Decree, notwithstanding the current legislation, until 31 December 2020 will not require any guarantee for the companies that will apply for a subsidized loan aimed at the internationalization of their company. The Subsidized Loans are granted up to 25% of the turnover value (with a limit of 2.5 million Euros), with a duration of 6 years, one of which is pre-amortization, at a symbolic rate equal to 10% of the Euribor, and thanks to the important derogation now in force, no guarantees are required to support the repayment of the Loan.

Simest’s subsidized loans are aimed at the internationalization of the company, the various clusters that can be financed include feasibility studies, participation in fairs, the development of E-commerce, the opening of a commercial or production structure, technical assistance and the support of a temporary manager. Furthermore, the possibility of enjoying part of the non-repayable loan and of financing warehouses and after-sales centers is in the deliberative phase.

For any type of support, HLB Albania is available to help companies in the process of internationalization and in requests for SIMEST facilities. The services offered in the “turnkey” packages are:
Support for commercial development through our Temporary Resident Export Managers, already present on foreign markets;
Creation and strengthening of the foreign sales network;
Constant contact with buyers and distributors, with the advantage of communicating in the same language and in the same time zone;
Structuring of the most appropriate digital strategy and evaluation of positioning on one of the major B2B marketplaces;

Our Presence in the Balkans is synonymous with Ability and Professionalism. HLB Albania professionals are able to support you in the request for financing and in the realization of your projects in Albania and Kosovo. Financing amount: up to 25% Turnover Loan value from € 25,000 to € 2,500,000 Duration up to 6 years, 1 pre-amortization rate 10% of the Euribor

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Sectors of interest

HLB Albania

Investing in Albania, which are today the successful sectors?

Foreign direct investments in Albania in 2018 reached the share of 7.4 billion with Switzerland as the main investor, followed by Greece and Italy which is the main trading partner, ranking fifth for FDI.

The main investment sector is clothing: Since the 90s this sector has had significant and constant growth, thanks to the first foreign companies that have planted their production here, bringing their experience. Local businesses have a solid reputation and there is an increase in production for foreign companies. The clothing sector represents the most exported category, 59% of Albanian sales.
Albania is the second largest exporter of footwear in Italy.

The tourism sector is experiencing the “blossom moment”.
Albania is a European and Mediterranean nation unknown to mass tourism that is gaining great popularity. Tourists visiting the country are more and more, in the first three months of 2019 695,000 foreign citizens were registered.

The sector enjoys specific tax breaks that the government recognizes to those who decide to invest in luxury tourist facilities such as five-star tourist resorts to diversify the tourist offer and improve the quality of services.

The construction sector is the most important of the sectors to date and is rapidly developing.

Currently only 32% of the roads in Albania are asphalted and the Government has decided to allocate funds for public-private partnerships. Some of the projects concern the improvement of infrastructures, connecting cities and tourist areas. A large “Albania 2030” territorial enhancement project has been launched for the development of infrastructure and transport to facilitate both internal connections and with neighboring countries. This will increase the commercial exchanges and tourist attractiveness of Albania as the main connecting bridge between the Balkans and Western Europe.

Currently in Albania there are about 600 Italian companies that have found a fertile economic system, a simplified and streamlined administration and a lower taxation just a few hours from home.

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Electric energy

HLB Albania

Albania among the first in Europe for the lowest price of electricity!

In recent years, the price of electricity has increased due to the commitments of the use of renewable energy sold at prices higher than the energy produced from other energy sources.

The price of electricity in different countries varies according to the different conditions of supply and demand, including the geopolitical situation, the national energy mix, the diversification of imports, network costs, environmental protection costs, weather conditions or levels of taxation and excise duties.

Albania is among the few countries that still does not have a diversified energy production, despite the efforts, almost 100% of the electricity is produced by hydroelectric power plants and therefore the supply of electricity depends entirely on rainfall.

In the ranking of energy costs in Europe, Albania ranks sixth for the lowest price, after Ukraine (0.031 € kWh), Russia (0.048 € kWh), Belarus (0.052 € kWh), Serbia (0.065 € kWh) and Macedonia (0.083 € kWh).

The cost of energy exchanged in Albania is on average 8.4 cents per Kwh (11.3 Lek Kwh in the national currency), in other European countries the cost of energy is much higher, in fact Denmark, Germany, Portugal followed by Italy are among the first countries for the highest price of energy (respectively 0.308 € / kWh; 0.275 € / kWh; 0.236 € / kWh; 0.234 € / kWh).

As we have seen in the above prices, the cost of electricity in other European countries is much higher, due both to the renewable source of production and to the other items that make up the final cost of the bill we pay. such as transport, contactor management, VAT and excise duties.

So what dictates the cost of energy is not only its consumption but also the other components which are very often monetarily higher than what we consume in terms of electrical energy.

In Albania, an electricity bill consists solely of three items which are: The value of kWh consumed during the period (monthly), VAT of 20% and the cost of the contactor of 100 lek (0.80 cents), there are no other costs such as transport or additional excise duties.

Unlike in Italy where we can confirm that the share of electricity generally represents 48.4% of the total amount of the bill, transport and management account for 20.1%, system charges 18.4% and taxes 13.1%, if we take the sums 51.5% of the bills we pay are accessory items against 48.4% of electricity actually consumed.

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The "Mini Schengen"

HLB Albania

The leaders of three Balkan countries, Albania, Serbia and North Macedonia, have signed an agreement for the creation of a free trade area for people, goods, capital and services, modeled on the Schengen treaty now operational in Europe.

The “Mini-Schengen”, as it has been renamed, is open to all countries in the area, in particular Bosnia-Herzegovina, Montenegro and potentially Kosovo.
The agreement has the objective of developing the economy of the member countries by promoting trade and reducing the unemployment rate (in the third quarter of 2019 Serbia 9.5%, Albania 12.5% ​​and North Macedonia 17.5% ).
The three constituent countries intend to join the European Union and these agreements, favored by some European countries, will help them in the process of entry.

The political relations of the regions have significantly improved. The Balkans are a region focused on stability, economic development, dedicated to European integration and the improvement of quality standards, both for citizens and for entrepreneurs.

The “Mini-Schengen” will create a regional economic space, eliminating non-tariff trade barriers and harmonizing laws in order to create an attractive potential basin for foreign investment.
In the last press conference held at the end of November, the respective leaders of Serbia, Albania and North Macedonia, Vucic, Rama and Zaev, cited data from the World Bank which highlights how customs barriers constitute a significant hidden cost for companies.

The common market of the three countries therefore aims to increase the efficiency and competitiveness of the entire region, populated by 12 million inhabitants. The companies of the three countries will be able to obtain labor from neighboring countries, without bureaucratic burdens, they will find themselves operating in a single system that will allow many benefits and facilitations even in daily life, allowing the crossing of borders with the sole identity card .

The joint economic development strategy, with the creation of the so-called Small Schengen area
it will positively influence the Balkan countries by generating the optimal conditions, in regulatory and economic terms, to attract foreign investors and stimulate constant economic growth.
The union makes Serbia, Albania and North Macedonia more competitive, more attractive both on the regional market and in relations with the EU, and on the global markets and international routes.

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