To keep you up-to-date with the latest economic and financial developments, this bulletin prepared by our team provides information that may affect the operation of your business in Albania.
The National Copyright Council adopts the methodology and the remuneration fees regarding the compensation of copyrighted works, consistent with the international practice.
In line with the provisions of the Law no. 35, dated 31.03.2016 "On copyrights and other related rights"; lately the National Copyright Council has approved the new methodology and the remuneration fees for the compensation of copyrighted works.
The new decision shall enter into force immediately and shall be published in the Official Gazette.
The process of adopting this methodology throughout its drafting process has been consulted with all interest groups, WIPO experts etc.
The reform launched in this practice area has started with the adoption of the new legal framework, its regulatory acts for its implementation, the National Strategy for Intellectual Property Rights 2016-2020, the constitution of the National Copyright Council etc.
Bank of Albania adopts a new Instruction on the internal assessment of capital sufficiency
Upon decision no. 26, dated 03.05.2017, the Supervisory Council of the Bank of Albania approved a new instruction on the internal assessment of capital sufficiency.
The decision enters into force on 31.12.2017.
Until the entry into force of the decision, the second-tier banks are required to undertake necessary measures and create conditions for implementation of this instruction. The banks are required also to submit the report on the internal assessment of capital sufficiency to the Supervisory Department at the Bank of Albania with the necessary data as of yearend 2017, within 30 April 2018.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.