TIRANA, January 16
Foreign Direct Investment inflow (FDI) plays a major role in the economic development of Albania. So far, Devolli and the Trans Adriatic Pipeline (TAP) are the most important projects from foreign companies, but they are expected to be completed during this year. Yet the Albanian government is optimistic and its representatives say that the Albanian economy will continue to benefit from these two projects.
Minister of Finance and Economy Arben Ahmetaj said during a media conference held on Monday that the government has high expectation in terms of FDI inflow during this year. FDI inflow during January-September 2017 was Euro 676.6 million.
“TAP and Devolli projects will be replaced by serious investments in the sectors of tourism, construction, and agriculture. On the other hand, completed major projects increase productivity and create economic growth,” Ahmetaj said.
Further on, he added that 1,100 foreign companies are present in Albania, while major projects such as Vlora airport and other tourism-related projects are expected to begin.
These declarations follow the economic outlook of some international financial institutions expect a decrease in economic growth after the completion of TAP and Devolli projects. Moreover, he added that Albania’s GDP growth is expected to reach 3.9 percent in 2018.