
Albania is poised for its initial evaluation under the European Union’s Economic Growth Plan, with all requisite legal documents signed and approved.
In an interview with Albanian public television, Dr. Hubert Perr, Director of Cooperation at the EU delegation in Tirana, revealed that 7 percent of the growth plan has already been pre-financed, translating to an allocation of 64 million euros for Albania.
“So far, 30 million euros have been distributed in Albania, which is encouraging news regarding the advance payment. We are in the process of assessing these reforms, and while I cannot comment on an ongoing process, it is important to note that Albania has demonstrated considerable responsibility and embraced the Reform and Growth Mechanism,” he stated.
Dr. Perr expressed confidence that Albania has fulfilled its obligations and reported thoroughly on both necessary and completed reforms. “I believe Albania will perform well in its first assessment,” he added.
The EU’s allocation of 922 million euros to Albania over three years aims to attract major investors to the region, tapping into a market of over 300 million consumers, according to Dr. Perr.
“No significant investor from Europe or elsewhere will come here with the mind to engage in a market of 2.4 million people. The opportunity lies in the larger market of over 300 million that Europe can provide. This is an advantageous situation for everyone, and it will only improve as Albania moves closer to EU membership,” he explained.
Currently, the European Union’s assessment indicates that the six countries in the region achieve only about 35 percent of the economic development of EU member states, a situation that is expected to change rapidly and transformatively. (May 5)













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