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As the fashion industries in our country are on the verge of bankruptcy, Prime Minister Edi Rama held a meeting with representatives of the fashion industry to discuss the need for further transformation of the sector.
In the meeting held at the "House of Business" in Piramida, Rama said that the fashion business must now invest in technology and increase salaries for employees.
"In the "House of Business" with the representatives of the industry association with custom materials (fason), to discuss the needs for the further transformation of the sector, following the example of the leading companies in the sector; the support measures we will undertake to overcome development challenges; the necessity of the understanding by all actors of the sector of the fact that the time of free labor as a competitive advantage has ended for some time now and this fact is faced only with investments in technology and innovation, and consequently with dignified wages. The agreed interventions will precisely stimulate the transformation and investments in technology and innovation, rapidly supporting the need for liquidity, the need for easier credit, as well as for qualified human resources", said Rama.
Further, Rama said that there will be support measures to overcome the challenges, while adding that there will be a quick refund of VAT through a channel dedicated to this industry.
"Fast refund of VAT through a dedicated channel for companies in this industry. Providing a facilitating mechanism (overdraft) for quick availability of liquidity, according to contracts with customers that companies must put into production. A sovereign guarantee for investment in technology and innovation. A financing scheme for the establishment of a professional academy for manufacturing and related training in the company. The government will increase its commitment to further support this sector to close the production cycles itself, as well as to become more productive and competitive by strengthening the brand "Made in Albania", he said.
The Minister of Finance Ervin Mete, the Minister of Economy Blendi Gonxhe and the Minister of State for Entrepreneurship and Business Climate were also present at this meeting.
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