The Women’s Economic Chamber in Albania will be a member of the Albania Investment Council for another two-year mandate. Yesterday, on March 26, 2024, chaired by the Minister of Economy, Culture and Innovation, Mr. Blendi Gonxhja, the members of the Investment Council met to discuss the challenges of the private sector related to fiscal administration, innovation, and productivity. The discussion was evidence-based, supported by a preliminary analysis from the Secretariat, in order to prioritize effective interventions and high-impact solutions.
In focus were some of the key challenges Albania faces in terms of competitiveness compared to countries in the region and the EU, which hinder its overall competitiveness and require targeted interventions to address them effectively:
– Limited entrepreneurial and technological expertise.
– Unmet investment needs in both human and physical capital.
– Persistently low levels of spending on research and development.
– A growing shortage of skilled labor.