|
Company Law
Company Law is a work in progress for Albania. Once again, the recent introduction of modern European legislation results in a relatively high score for the framework law, second only to Macedonia, which has also received significant assistance in this area. Albania does not due as well comparatively in the other areas, finishing last for both supporting institutions and market. This is not surprising: Albania's isolation arrested development, leaving an intimate society with commerce based on contacts and relationships, with few large companies and little desire for corporate organization. Increased integration into the global marketplace will Entry into the global marketplace is likely to provide much of the impetus for growth in this area, as traditional forms of doing business show themselves insufficient for the demands of increased trade and commerce.
|
