About Us

 

Thanks to financial support from the Italian government and the Office of Italian Cooperation for Development in Albania and as a result of the joint agreement of both of our governments, the Programme for the Development of SME-s in Albania is greatly helping local businesses...

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Activities

12 - 23 April 2013

Workshop - "Access to fina..

20 March 2013

Consultative Meeting - Chall..

8 March 2013

Signature Ceremony - Bilate..

29 January 2013

Visiting Albanian SMEs finan..

6 December 2012

Workshop - Supporting Cluster..

  • 25 September 2012

Viziting Albanian SMEs...


What is the Italian-Albanian Program for the Development of Small and Medium Enterprises [SME] in Albania?

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Thanks to financial support from the Italian government and the Office of Italian Cooperation for Development in Albania and as a result of the joint agreement of both of our governments, the Programme for the Development of SME-s in Albania is greatly helping local businesses, especially SME-s -- which  make up 95 percent of all companies in the Albanian market.  This Programme is of particular importance for the Ministry of Economy, Trade and Energy and the Albanian Government, more generally, because it potentiates the fast-paced development of the country’s economy.
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What is the Albanian Guarantee Fund (AGF)?

One of the central components of the Italian-Albanian Programme for the development of SME-s is the 2.5 million Euro fund for the development of the Albanian Guarantee Fund.
This fund will be used to support Small and Medium Enterprises (SME-s) to obtain loans when they lack collateral.  The Italian government and the Albanian government, via the Programme Agreement and the Financial Agreement, have approved for the Albanian Guarantee Fund to be initially applied during a one-year- long Pilot Phase, with a 500.000 Euro fund.

The Albanian Guarantee Fund is managed by the Programme Management Unit (PMU), established at the Ministry of Economy, Trade and Energy (METE), which manages the Programme’s Line of Credit.  The Albanian Guarantee Fund will be directly linked to the Line of Credit.
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