The extractive industry of minerals and oil in Albania is widely developing and is attractive to local and foreign investors. This clearly expresses the importance of this sector, the transparency in its management and the involvement of Albania in Extractive Industries Transparency Initiative.
EITI, as an international initiative, begun in 2002, in World Summit for Sustainability Development in Johanesburg. Albanian Government supported this initiative and get engaged for EITI implementation on March 2009 and became a candidate country of EITI on May, 2009.
The Albanian Secretariat EITI, was created with the Decision of the Council of Ministries on July 07, 2010. Also with the Decree of Prime Minister, No. 71 on July 21.2011, it is created the Multi Stakeholder Group, with the participation of civil society, companies that operates in extractive industries, and government. Chairman of the Multi Stakeholder Group is the Deputy Minister of Ministry of Energy and Industry, and he is in charge for implementing and surveillance of this initiative in Albania.
In April 2011, Albania published her first Report of the payment in extractive industries, for the fiscal year 2009. The results of this Report are irrelevant discordances between payment of the companies and the income declared by the government.
In August 2011, it is published the Validation Report, about the EITI implementation in Albania.
In June 2012, it is published the second Report of the payments, for the fiscal year 2010.
In May 2013, Albania joined EITI. The International Board EITI, declared Albania a member country according to EITI standard. With EITI membership the DCM for Secretariat was updated: DCM no. 993 dated 09.12.15 for the organization and functioning of the National Secretariat of Extractive Industries Transparency Innitiative (EITI Albania), in the frame of membership in the international organization EITI
Compliance with EITI Standard means that the country has an effective process for annual declaration and the reconciliation of all revenues from the extractive industries. This process gives possibility to the citizens to see the revenues from the companies of oil, gas and mining.
During 2014, EITI Albania published 2 EITI reports, on June 27, 2014 the EITI Report 2011 and on November 21, 2014 EITI Report 2012 which were prepared in accordance with the new EITI standard.
Further, on December 23, 2015 Albania publishes the EITI report for two fiscal years 2013 and 2014, in accordance with the EITI standard and for the first time including hydropower sector.
Finally, on 1 February 2017, Albania published its most recent report, EITI Report 2015 in accordance with the new EITI Standard.