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German business invited to invest in Albania's free-tax economic zones

Xinhua, March 27, 2015 Adjust font size:

Albanian minister of economic development, tourism, trade and energy, Arben Ahmetaj, Thursday invited German business representatives to invest in Albania's tax-free economic zones.

Addressing the business forum "Albania-North Rhine-Westphalia Dialogue Day" in Tirana, Ahmetaj said that as of next month, Albania would launch the tender procedures for the tax-free economic zone in the coastal city of Durres, western Albania.

The German business delegation was headed by Gunther Horzetzky, the state secretary of the ministry of economic affairs, energy, industry, small and medium-sized and craft trade of the Federal State of North Rhine-Westphalia, who is on his first official visit to Albania.

Praising the trade and economic relations between the two countries, Horzetzky highlighted Albania exports to Germany, mainly clothing and textiles, metallic ores and metals, and chemicals and emphasized the need to further expand trade exchanges between the two sides.

Horzetzky said that one third of Germany's Albanians live and work in the North Rhine-Westphalia region, and they are a factor in further promoting and strengthening the relations between the two countries.

German Ambassador to Albania, Helmut Hoffman, noted that Albania offers many economic and investment opportunities, but the country also needs to fulfill a series of obligations. Endit