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Tuesday, December 4, 2007

ECONOMIC AGREEMENT BETWEEN HOLY SEE AND ALBANIA

VATICAN CITY, DEC 4, 2007 (VIS) - On Monday, December 3, the Holy See and the Republic of Albania signed an agreement concerning certain economic and fiscal matters.

  The agreement, signed in the office of the Albanian minister of finance in Tirana, comes in the wake of the accord between the two countries concluded in 2002, and creates a juridical framework for the fiscal treatment of ecclesiastical institutions recognized as non-profit juridical entities. In particular, it regulates the fiscal status of Catholic Church organizations in Albania, the economic administration of such structures, and the contributory-insurance scheme for the non-Albanian religious and lay personnel who serve in them."

  The agreement, which will come into effect following the exchange of the instruments of ratification, was signed for the Holy See by Archbishop Giovanni Bulaitis, apostolic nuncio in Tirana and, for the republic of Albania, by Ridvan Bode, finance minister.
.../ECONOMIC AGREEMENT/TIRANA                VIS 20071204 (160)


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