TIRANA (Albania), May 22 (SeeNews) – The property registration and rights enforcement is a key issue for foreign investors in Albania, the president of the American Chamber of Commerce in Albania, Enio Jaco said.
“Property registration is a sensitive issue for AmCham. It is not only one of the five top priorities of AmCham business agenda, but also part of regular lobbying efforts of the regulatory affairs and intellectual property rights (IPR) committee,” Jaco said in a press release on Tuesday issued after a forum on property issues.
Speaking at the same event, the head of Albania’s state agency of cadaster, Artan Lame, emphasized the need for a system reform.
“The first step is the unification of institutions and legislation as one in order to address property issues; second step is the termination of transitional processes involving legalization, property restitution and the remittance of the everlasting ownership process that is the property sale-purchase process and ownership transfer,” Lame added.
The draft law on property issues is currently in discussion in the parliament, the head of state agency of cadaster said, adding that the third step is the fundamental reformation of the immovable property registration office, which means reforming its systems and digital mapping reform.