Premier Edi Rama and Minister of Economy and Finance Anila Denaj attended the inauguration today of the new establishment opened in Fier, by the Yura Corporation.
This is an investment of Lek 1 billion and the negotiations between the Korean company and the Albanian government have lasted for more than a year.
According to Minister Denaj, the company's goal is to employ 2.000 employees by 2023, while the business has started with 567 workers.
Yura Corporation is a manufacturer of wire harnesses and other similar automotive products. For at least half a century this has been his activity, recently enriched with the experience of technological support on ecological cars and their future.
Thanks to the fame of Yura Corporation on international markets, the Minister in his speech underlined the opportunity given to Albania to attract future foreign investments:
"Yura Corporation will be our ambassador to bring increased foreign investment to Albania. In 2011 we reached the highest level of direct investments and only this year we reached 232 million euros. " said the Minister
According to the Minister, this is also a first sign of optimism for the recovery of the Albanian economy after the COVID-19 emergency, while data on employment and agriculture show that the situation is improving significantly.
“Wherever you look there is optimism and vitality. Employment figures are also encouraging, where 3 people have been employed in the past 110 months, reducing unemployment to nearly 27.
There are 15.000 new businesses registered, with an upward trend. We have a 15% increase in exports in the agricultural sector. This fact must be taken into consideration. "
Meanwhile, Prime Minister Rama, in his speech, underlined the help that the experience of a large company like Yura offers to the Albanian market, animating the economy:
"The culture of work, the way of building working relationships and the experience that is built step by step thanks to companies in this category, go beyond financial value and concrete figures give irreplaceable energy to the future of the Albanian economy" .
According to the head of the government, after the conversation with the company executives, he was assured that the workers will not be exploited, but will continue to have room for wage increases and personal growth:
"Wage increases will be intensified based on the benefit of the experience. If at the beginning it is at the minimum levels, based on experience it will increase by 30% and if the production volume increases, the compensation will also increase significantly.
Because the company's philosophy is not to exploit, but to create a community in which everyone feels part of it".
Furthermore, this new plant, said Rama, will facilitate other investments in the automotive sector.
MIRËMËNGJES 😊dhe me këtë ngjarje të gëzueshme transformimi në vetëm 9 muaj, të gërmadhave në një hapësirë punësimi për deri në 2000 person, me standardet and një kompanie global pjesësh dëë pëin ëëë p. ju uroj një javë të mbarë 🙏
Posted by Edi Rama on Sunday, June 28, 2020
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