Because of its financial non-cooperation, the European Union places Albania under the "magnifying glass"

 Edi Rama and Delina Ibrahimaj 

 The list of member nations that have demonstrated a lack of tax cooperation has been reviewed by the European Union.

Albania was reclassified as one of the 18 countries that should improve fiscal governance by the European Union's Ministers of Finance. At a time when the European Union has repeatedly called for the fiscal amnesty and the draft law on "golden passports" to be abandoned, this is a blow to the Rama government.

The EU has continued to fight corruption and money laundering.

A jurisdiction's compliance with BEPS minimum standards, tax transparency, and fair taxation are the three main considerations in the EU process. Those jurisdictions that do not satisfy any of these criteria are added to the list of non-cooperative jurisdictions if they fail to fulfill their commitments to address the deficiencies within a specified time frame, local media say.

"The Commission will continue to work with the Member States to improve the process by reviewing the criteria of the listing process, as well as the consequences for the listed countries," reads the EU's announcement. In the relevant EU forums, efforts to improve the procedure in this regard are ongoing."