BREAKING NEWS

Ilir Meta has a luxurious bar in the middle of London, here are the politicians and directors who have served as carriers of his money and the details of his secret business with connections in India where 1 white stone costs 400 euros, Idajet Beqiri r...

Ilir Meta has a luxurious bar in the middle of London, here are the politicians
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BREAKING NEWS

SPAK investigations cause strong clashes in the dome of PL, here is the list of "VIP" names that risk handcuffs, from falsification of forms, to money laundering, Ilir Meta excludes Monika Kryemadhi and all her supporters at the management level

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BREAKING NEWS

Edi Rama warns of a storm of changes in the government, the door to running in the 2025 elections was closed to corrupt officials and those who have open accounts with SPAK, the prime minister challenges the Americans and bursts into attacks and accusa...

Edi Rama warns of a storm of changes in the government, the door to running in
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BREAKING NEWS

SPAK has entered a "mined" area, sensitive information classified as secret has been stolen, this is how deputies can be blackmailed, in a mafia scheme involving foreign intelligence services, police actions are at risk, Kreshnik Spahiut explodes the "...

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BREAKING NEWS

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BREAKING NEWS

The den of "non-women" is divided, Ilir Meta attacks Reestablishment and declares the break with Sali Berisha, here are the accusations against the former leader of the DP

The den of "non-women" is divided, Ilir Meta attacks Reestablishment
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BREAKING NEWS

The Re-establishment with Rilindah market continues, Berisha deepens the attacks on Erion Veliaj, calls for early elections in the Municipality of Tirana, Belind Kelliçi, candidate of "Foltores", Edi Rama with "not even under his sleeve"

The Re-establishment with Rilindah market continues, Berisha deepens the attacks
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BREAKING NEWS

The son of the former minister of the Democratic Party, a candidate for the Ombudsman, the behind-the-scenes of another Rama-Berisha secret bazaar is revealed, the aim is to attack the Reform of Justice through the "non-woman" man

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Ekonomia

"80% of the collateral should be provided by the state", the well-known expert explains the normative act of the government for the aid package against fashions: They will be promoted...

"80% of the collateral should be provided by the state", the

The Council of Ministers approved in today's meeting the Normative Act for amending the 2024 budget. The Minister of Finance, Ervin Mete, said that through this Normative Act, the government will come to the aid of the fashion sector, with the new Guarantee Instrument State funding of 4 billion lek, so that this sector can withstand the effects of shocks, improve technological processes and further increase productivity.

Regarding this, the chairman of the association "Pro-Export" Edvin Prençe said that we asked to be divided into two forms and that there are 700 active businesses.

He said that 80% of the collateral must be guaranteed by the state, while he pointed out that investment in machinery remains important. According to him, with the activation of this package, businesses will be promoted in new markets and within the year we will have an important turn in our sector.

"Regarding the figure, it definitely exceeds our expectation, we had asked for a lower amount, but we have to sit at the technical table to discuss the conditions, which at the end of the day is a loan, but in case there will be no conditions it would definitely be halved and not in the effect of what we expect. What we have asked is to be divided into two forms in the first part to be the highest amount for investments in machinery, production plants and the second part is overdraft model to enable the purchase of raw materials that are important to enable this sector to become a closed-loop producer.

Considering that our sector has 700 active businesses, this sovereign guarantee will have its conditions and it must be that 80% of the collateral is guaranteed by the state and the percentage be low. The other thing that is important to take into account is the balance of 2022 and as far as the exchange rate is concerned, it has been stable for some time now, but it does not give us security and as such we can expect growth, therefore we need an orientation towards the closed cycle. Albania cannot be competitive only with the free labor force, but we must offer many things and businesses become real and concrete 'made in Albania' producers."

He further added that if we no longer have the opportunity, we must be able to increase productivity and production, and this is done by increasing investments in machinery.

"I repeat that at the end of the day these problems will be possible to download in the final product if we determine a fixed cost and when we have a product ready to download. On the other hand we have lost competitiveness many foreign countries have left but with the activation of with this package, it will be possible to prevent departure and promote new markets.

The moment this pact becomes active, we hope to see a turnaround in this sector within the month of October-November. There is still a lot of work to be done in this sector, the contracts are very negative, almost at the limits of zero, but we are positive not only for the sector but also for the economy as a whole", concluded Prençe.