The Albanian Securities Exchange (ALSE) is expected to help attract foreign investors and improve the business climate in the country, the head of the American Chamber of Commerce in Albania, Mark Crawford, said on Friday.
No major American company has come to invest in Albania recently, Crawford said in an interview with local Scan TV.“I hope that with the opening of the stock exchange we will have some investors who will come through it,” Crawford said, speaking in Albanian.He urged the Albanian government to develop policies aimed at attracting foreign investors, starting with the tax relief.
ALSE is a joint stock company licensed by the Albanian Financial Supervisory Authority (AFSA) in July 2017 as the first private securities exchange in Albania. In the first year of activity, the ALSE transactions will focus only on the trading of government securities, AFSA said at the time.
ALSE was founded by three shareholders: Credins Bank and American Bank of Investments (ABI) with 42.5% of the capital each and AK Invest with 15%.