The Development of Cultural Performance under EU Standards

Authors

  • Eglantina Pazaj Lector in UBT University, Tirana, Albania
  • Blerta Mehillaj Director of health care regional office, Vlora Albania
  • Alba Dumi Dean of Graduated Level system,” Ismail Qemali” Vlore University”

Abstract

This Albanian reform allows banks to better evaluate the creditworthiness of potential borrowers, facilitating access to credit
for firms and individuals. Albania also strengthened investor protection. A new company law requires that disinterested shareholders
approve transactions between interested parties and obligates those parties to disclose all information on the transaction to the public.
The law also reinforces directors’ duties and requires directors, when found liable, to pay damages and return profits to the company. A
new bankruptcy law approved during 2008 provides a more efficient framework for closing a business. The new Commercial Law
entered into force in 2008. It replaced the former commercial legislation in Albania, namely the Law on the First Provisions of the
Commercial Code and the Law on Commercial Companies. The new law is an attempt to approximate the Albanian commercial
legislation and follows the recent reform in business registration enacted in 2007. This law intends to create a modern commercial
system providing for flexible corporate structures and to facilitate the business climate in Albania. The cultural development and Balkan
universalism tries to arrive to an ideal of a borderless world of tolerance. Globalization will construct a unique culture identity that will
represent the human gender.

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Published

2012-09-01

How to Cite

Pazaj, E. ., Mehillaj, B. ., & Dumi, A. . (2012). The Development of Cultural Performance under EU Standards. Journal of Educational and Social Research, 2(3), 283. Retrieved from https://www.richtmann.org/journal/index.php/jesr/article/view/11893