Breaking the “Easy Money” Myth – Series III The Critical Importance of Fiscal Predictability.

We believe that a sustainable investment climate is built on rules and contractual stability.

Our latest report in the “Shattering the Illusion of Easy Money” series focuses on the systemic obstacles within the VAT refund process, a basic fiscal mechanism intended to be tax-neutral. For a capital-intensive industry like heavy oil production, timely refunds are essential for maintaining the operational liquidity required to sustain Albania’s energy sector.

We invite you to read the full document to understand how administrative bottlenecks and the suspension of refunds impact the broader investment climate and the viability of long-term projects in Albania.

Download the full document