New initiative to boost Serbia-Albania business ties

There are new possibilities for the increase of the business cooperation between Albania and Serbia in the future.

Source: Albanian Daily News

President of Albania-Serbia Chamber of Commerce Isuf Ferra said this in a joint press conference with the President of the Chamber of Commerce and Industry of Serbia, Marko Cadez after representatives of an Albanian company and a Serb one signed a cooperation agreement in the field of water infrastructure construction and energy in Tirana on April 13.

Ferra said that there are more than 60 companies which are members of the joint Albania - Serbia Chamber of Commerce which was created in Tirana on November 24 last year. "There have been dozens of businesses which carried out trade exchanges between Albania and Serbia," he underlined. In addition Ferra said that the joint Albania - Serbia Chamber of Commerce was working intensively to promote the Serb companies with the aim of increasing the cooperation furthermore.

The idea on the Tirana-based joint Albania-Serbia Chamber of Commerce was launched by BiznesAlbania, an Albanian organization of employers and business associations, and the Chamber of Commerce and Industry of Serbia, in the presence of the Albanian Prime Minister, Edi Rama, and his Serbian counterpart, Aleksandar Vucic on October 14, 2016. Speaking on that occasion Albanian PM Rama said: "There are 100 Serb entities operating in Albania, either commercial or in direct activity. They’re modest entities, but they operate in construction, industry, tourism, services, and I assure you that if you ask them, they will say only good things about the atmosphere in which they work. They will surely say that they feel very well and see no problem in the fact that they are from Serbia."

In Thursday's press conference in Tirana the President of the Chamber of Commerce and Industry of Serbia, Marko Cadez pointed out that the interest of Serb entrepreneurs to expand their activities in Albania and establish partnership with local companies had kept growing. According to him, only during 2016 the cooperation between the two countries in that field grew by 10 percent as compared with a year before.

"Given the fact that I have come to Tirana some times within the last four months shows much over the growing business ties between our countries," he said, unveiling the expectation that the bilateral business cooperation was expected to double during this year as compared to 2015.

"Albania has advanced with regards to the lifting of barriers between the two countries and we are trying to bring as many as possible investors here. Our interest expands in various fields like infrastructure, food industry, tourism, energy etc," said Cadez.

In conclusion the top representative of Serb businesses said that the economic and trade cooperation would also provide new possibilities for the increase of people- to - people exchanges of Serbia and Albania, improving the friendly ties between Serbs and Albanians, and the other people in the region.


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