Regional Competitiveness and Development with the Reference to the Situation in Albania
Regional Competitiveness and Development with the Reference to the
Situation in Albania
Lecturer, “Economic Departament”
Vlora University, Albania
Dr. Alba Dumi
Dean of Graduaterd School “Ismail Qemali” Vlora University, Albania
and Lecturer Management Departament Tirana University
Abstract Democratic Albanian local governance is a prerequisite to the meaningful decentralization of infrastructure management. When people participate in defining visions for sustainable development for their communities, in formulating strategies for equitable access to services and resources and in setting priorities for action, they have endorsed. Participation also sharpens their awareness of the interrelations between economic, social and environment issues. This is a highly significant feature of infrastructure Albanian programs and carries important role for local development. This Albanian reform allows banks to better evaluate the creditworthiness of potential borrowers, facilitating access to credit for firms and individuals. Albania also strengthened investor protection. A new company law requires that disinterested shareholders approve transactions between interested parties and obligates those parties to disclose all information on the transaction to the public. The law also reinforces directors’ duties and requires directors, when found liable, to pay damages and return profits to the company. A new bankruptcy law approved during 2008 provides a more efficient framework for closing a business.
Keywords: Reform of public health, Sustainable Infrastructure Program, Network of drinking water, Private organizations, Efficiency
of financial resource.