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TIRANA (Albania), August 30 (SeeNews) – Albanian prime minister Edi Rama has said the new government is drafting a package of investment incentives for the tourism sector that includes a ten-year tax exemption for five-star hotels.
The tax exemption will apply to every hotel awarded a five-star category certification by one of the 30 international luxury brands, Rama has told reporters, according to a government press release issued on Tuesday.
The government may decide to apply the tax exemption to four-star hotels as well, as currently there is only one five-star hotel in Albania, the Plaza Tirana, Rama added.
Rama unveiled a streamlined new government comprising 11 ministers and two ministers of state last week. The country needs a smaller and more cooperative government, composed of an equal number of men and women on ministerial posts, Rama said then.
The centre-left Socialist Party led by Rama secured 74 of 140 seats in parliament in a regular parliamentary election held on June 25, according to final data from the country's electoral commission.