The Government of Romania and the Government of the Republic of Albania hereinafter referred to as the Contracting Parties:

DESIRING to intensify their economic cooperation to the mutual benefit of both countries on a long term basis;

HAVING as their objective to create favourable conditions for investments by investors of either Contracting Party in the territory of the other Contracting Party;

RECOGNIZING that the promotion and protection of investments on the basis of the present Agreement, will stimulate the initiative in this field;

HAVE AGREED AS FOLLOWS