Albania Ranks among Worst Countries for Business
Chairman of the Democratic Party (DP) Lulzim Basha used a European Chamber (EuCham) report on Thursday to criticize the government and further promote the opposition's proposal for a flat tax on the economy.
The EuCham report ranks European countries based on their business environment during 2020 and according to the report, Albania ranks among the last three countries.
Referring to the report, DP’s Basha wrote that “Albania has become one of the most corrupt countries, with the highest taxes in the region.â€
"The country today needs a new economic model, with low taxes, support for entrepreneurship, incentives for investment and businesses that create new jobs. Our plan provides a flat tax of 9%. We will fight unfair competition and corruption," the leader of the opposition said in a Twitter post.
For at least 5 months, the opposition has presented an economic program, where it has placed flat taxation at 9%. This type of taxation has been criticized by the ruling socialist majority, which has considered it harmful for middle-income families.
Basha's comment comes a day after the government, through Minister of Finance Anila Denaj, said it expects an economic growth of 5% in 2021.
The European Chamber, also known as EuCham, is an independent, non-governmental, privately-organized institution representing the interest of national and international companies doing business in Europe.
According to the latest EuCham report Kosovo (55 points) has a better business environment than Albania (51 points) along with Serbia (57 points), Northern Macedonia (58 points) and Montenegro (59 points).
The EuCham rating is based on data from the World Bank and Transparency International economic indexes. In 2019, Albania earned 52.76 points by the same report.
The 2020 edition of the report in which EuCham ranks and analyzes 46 European countries according to their economic environment. The ranking is the result of an analysis based on internationally recognized indexes of the World Bank and Transparency International. EuCham thinks that business integrity and transparency play strategic roles.
Nordic countries are still on the top of the list: Denmark, Sweden, Norway and Finland, followed by Switzerland, UK and Germany. Estonia, Lithuania and Georgia are outstanding exceptions among the post-Soviet countries. The report reveals also that the highest level of improvement is shown by Armenia.
The EuCham score of a country is reflected on a scale from 0 to 100, where 0 represents the lowest performance and 100 represents the best