Albanian Capital Continues to Attract Foreign Companies

Albanian Capital Continues to Attract Foreign Companies

TIRANA, March 8

Foreign entrepreneurship in Albania is mostly concentrated in capital city Tirana. Based on the data that the National Business Centre provided for the third quarter of 2016 some 9,377 companies operate in the capital. About 75 percent of those companies are foreign-owned and 25% are joint ventures.
According to the Albanian Investment Development Strategy (AIDA) 6,385 companies are located in Tirana Region, 1,080 in Durres, 427 in Vlora, 296 in Korca, 222 in Fier and 217 in Elbasan.
Regarding their economic activity, foreign companies operate in the trade, extractive industry, and construction, professional, scientific and technical activities. Moreover, data from AIDA confirm that foreign entrepreneurs are investing in telecommunication and financial services.

News Source: Monitor

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