Government to allocate 14 million ALL for projects that boost employment

Government to allocate 14 million ALL for projects that boost employment

Tirana, 19 September 2016/Independent Balkan News Agency

The Albanian government is supporting the creation of new companies in several sectors such as manufacturing and services, textile industry, tourism or agriprocessing, through a fund of 14 million ALL.

A company may benefit up to 300 thousand ALL per project in two parts, 50% at the beginning of the project and 50% at the end of it. Minister of Economy, Milva Ekonomi says that this fund enables the creation of more jobs in these businesses.

Since 2015, when the scheme was made available for newly created businesses, there have been 48 applications, out of which 23 have been approved and 19 are still being handled. The fund cannot be issued more than once for a single business. /balkaneu.com/