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Training: Letters of Credit, Standby LCs and Demand Guarantees

ICC Albania is organizing a training session on trade finance instruments 4-5 May 2023. This training session has the ambitious goal of transferring operational skills on letters of credit, stand-by LC and demand guarantees, defining their characteristics and identifying the most peculiar aspects. Ample space will be dedicated to the analysis of the  ICC rules. Finally, numerous practical cases will be analyzed to better understand the operation of the instruments. Targeted audience: Bankers, exporters and importers in SMEs, marketing managers, sales and purchasing managers,

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Whitepaper: Participation and involvement of the business fora in the EU negotiation process

14 December 2022 The substantial involvement of the business fora in decision-making during membership negotiations is recognized as an element that enables a successful process. With the goal of encouraging further transparency and accountability in the public-private consultation process in Albania and specifically in the EU negotiations process, ICC Albania with the support of the Dutch Embassy in Albania has commissioned a study conducted by ACIT Center. This whitepaper aims to identify existing structural problems, as well as formulate some practical recommendations to facilitate

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Pilot Study on social and governance practices of 50 companies in Albania released

1 December 2022 The pilot study, commissioned by ICC Albania, as part the MATRA Programme in the framework of the Project “Collective Actions to Promote Integrity”, highlights the current practices employed by 50 companies operating in Albania in the social and governance dimensions. The International Chamber of Commerce in Albania (ICC Albania) brings to the Albanian audience the first edition of the Corporate Governance Index 2022 report - A Pathway to Sustainability for Corporations in Albania, as part of its work on sustainable development and

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COP27: Business review of carbon pricing regimes shows clear opportunities to boost decarbonisation efforts

10 November 2022 A major study of the functioning of five major carbon pricing systems has highlighted significant progress made in adopting market-based systems – while pointing to the need to further drive and optimise the design of such policies to accelerate emissions reductions and boost energy security. The report – launched today by the International Chamber of Commerce (ICC) at COP27 – draws on industry experience operating under carbon pricing schemes in Canada, the European Union, Indonesia, New Zealand and South Africa. In doing

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COP27: New industry framework to measure sustainability of trade transactions

9 November 2022 The International Chamber of Commerce (ICC) has published a pilot version of the first-ever industry framework to assess the sustainability performance of trade transactions. The “Wave 1” framework is the product of a year-long consultation with banks, corporates and technology providers — in partnership with Boston Consulting Group — based on the roadmap announced by ICC at the Glasgow climate summit. The new ICC framework sets out an agreed industry definition of sustainable trade – taking into account both environmental and socio-economic factors. It

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ICC acts to encourage diversity in selection of arbitrators

3 November 2022 In the latest in a series of measures to improve diversity in arbitration, ICC has introduced standard language in its model letters to parties and co-arbitrators. The inclusion of new language in ICC model letters to parties, co-arbitrators, appointing authorities and ICC national committees is the latest measure taken by ICC to improve diversity in arbitration. The letters now feature language introduced on 1 January 2022 in the ICC Note to National Committees and Groups on the proposal of Arbitrators, encouraging diversity to

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