Development of Business Areas, a catalyst for the promotion and revitalization of urban and rural centers

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The Minister of Finance and Economy, Anila Denaj, announced that the draft law "On the Development of Business Zones (BID)" discussed and approved today at the meeting of the Committee on Economy, proposes the provision of a successful model enabling the transformation of previously zones undeveloped and abandoned, in areas more active and attractive to cities.

The BID bill will serve as a catalyst for promoting entrepreneurship, revitalizing urban and rural centers, economic development of areas with high concentration of medium and small businesses, increasing turnover and increasing the quality of customer service, sustainability and maintenance of public investment in historic, tourist and commercial centers of towns and villages and of a better community infrastructure and the facilitation of investments of common interest in BID areas.

Denaj states that “the economic effect of BID organizations is a reality in Albania, through the cooperation of the Albanian Government, the Albanian-American Development Foundation (AADF) and the municipalities of Shkodra, Korca, Berat, Tirana, Kruja, Gjirokastra and Vlora, where the government and The local government responded with about 6 USD investment for every 1 USD engaged by AADF, in the BID / TID areas in Albania ”.

According to her, the perception of businesses in these areas on the quality of public services is over 80% compared to the period before the restoration interventions.

"Activities in BID / TID areas have increased 7-fold, showing the revitalization of cities. Based on this positive experience, this draft law was drafted with the support of AADF ", said Denaj. / ATA

 

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