KALO & ASSOCIATES Assisted YURA Corporation

KALO & ASSOCIATES Assisted YURA Corporation

KALO & ASSOCIATES team, led by partner Jola Gjuzi, assisted the South Korean global supplier, YURA Corporation.

YURA Corporation was granted the status “strategic investor” by the Albanian Government following a thorough examination of the project by AIDA. Yura will be producing electric, electronic and ignition components for the automotive industry and will employ a great number of Albanian citizens. The initial investment is estimated at EUR 6.5 million. Such a special status is associated with significant incentives, including the right to use state land against a rather low rental and facilitation in permitting and licensing procedures. This decision of the Albanian Government contributes to the increase of interest of new investors who have ambitious projects with mutual benefits.

KALO & ASSOCIATES team, led by partner Jola Gjuzi, assisted the South Korean global supplier, YURA Corporation.

YURA Corporation was granted the status “strategic investor” by the Albanian Government following a thorough examination of the project by AIDA. Yura will be producing electric, electronic and ignition components for the automotive industry and will employ a great number of Albanian citizens. The initial investment is estimated at EUR 6.5 million. Such a special status is associated with significant incentives, including the right to use state land against a rather low rental and facilitation in permitting and licensing procedures. This decision of the Albanian Government contributes to the increase of interest of new investors who have ambitious projects with mutual benefits.