The role of women in entrepreneurship important for economic recovery / Denaj: We have increased budget support

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The Albanian government remains committed to supporting and promoting women's participation in business, as well as reducing the gender gap.

The Minister of Finance and Economy Anila Denaj participated in the conference "General business climate and the impact of the autumn 2019 and COVID-19 earthquakes on women entrepreneurs" organized by the Association "Together for Life", with the support of the Austrian Embassy in Tirana , attended by the Minister of State for Entrepreneurship Eduard Shalsi, the Ambassador of Austria Christian Steiner, as well as the Ambassador of the Netherlands, Guusje Korthals Altres.

During her speech, Denaj said that the Albanian government is committed to drafting policies in support of women entrepreneurs, but above all to address issues.

"In recent years we have worked closely with many programs aimed at improving the legal framework, especially in relation to the law 'On Notaries' which regulates the recognition of women in all procedures of registration of ownership or treatment of property between spouses, with the aim of equality ", said the minister.

"Also, - she continued, - we are engaged in a program to develop SMEs in Albania, in order not only to increase the scale, but also to get out of enterprises with low number of employees. "Let me also emphasize the important elements that are valid today and in relation to the state budget, with what is the gender-based support program, which is an achievement in the 7 years of socialist rule."

"We are talking about 33 programs which are based on gender equality and we are talking about 2019 with an increase of almost 50% of all budget programs for each line ministry to focus on gender equality. Of course, to reach these figures we have had the support of the representatives of the World Bank and the French Development Agency, who are engaged with their form of lending in two important programs that we are developing ", - said Denaj.

In 2019 there were ALL 32.7 billion or 6.3% allocated for gender budgeting, compared to ALL 15 billion (2.4% of the total budget) planned to be spent in 2018, to specifically close gender gaps or to promoting gender equality.

On the other hand, MFE is working on redesigning grant schemes that will serve to improve the receipt of support services by SMEs, as well as to increase access to finance.

The conference also presented the findings of a recent TFL study focusing on the status of women entrepreneurs in Albania and the impact that two consecutive shocks on the Albanian economy have had on women-run businesses: the autumn 2019 earthquakes and the pandemic. Covid-19.

The role of women in entrepreneurship important for economic recovery / Denaj: We have increased budget support 1The role of women in entrepreneurship important for economic recovery / Denaj: We have increased budget support 2 The role of women in entrepreneurship important for economic recovery / Denaj: We have increased budget support 3The role of women in entrepreneurship important for economic recovery / Denaj: We have increased budget support 4

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