TIRANA, July 12 Energy and power, tourism, water supply and sewerage, road and rail, mining, and information communication technology represent the best prospects for foreign direct investment in Albania over the next several years according to 2019 Investment Climate Statement released on Thursday by the US Department of State. Yet, there are various factors that...
TIRANA, June 25 The Netherlands was confirmed as the largest foreign investor in Albania during the first quarter (Q1) of 2019. The data on the Foreign Direct Investment (FDI) unveiled on Tuesday by the Bank of Albania (BoA) confirm that FDI stood at €77 million. This was 11.4 percent less compared to the same period...
TIRANA, June 18 The flux of foreign direct investments in Albania was worth €1.1 billion, says the UN in its latest publication posted on Wednesday, June 12. If we compare it with a year ago, it is 12.9% higher says the report, placing Albania 2nd after Serbia in the region. But the increase is slower...
TIRANA, June 17 Tirana is the main destination for foreign investors and businesses that choose to expand their activity in Albania. Data from the City Hall of Tirana, show that 6259 subjects with foreign or joint ownership that currently function in Albania, 4185 of them are based in the capital city. The figures belong to...
TIRANA, June 11 Negotiations with the Turkish consortium, that were offered to build the airport of Vlora failed because of the high compensation that they requested regarding the guarantee of the passenger flux. Deputy-minister of Infrastructure and Energy, Artan Shkreli has revealed for the first time the reason for the breakdown of the negotiations, whereas...
TIRANA, June 11 The Foreign Direct Investment (FDI) in Albania rose to €285 mln in the first quarter (Q1) of 2019 or 1.6 percent more compared to Q1 2018. The data were confirmed by the Bank of Albania (BoA) on its recent Balance of Payments report. The data show that foreign companies continued expanding their...
TIRANA, June 7 “The European Union is going to help Albania to map every single hectare of the country with a new map of property registration. This will facilitate legal certainty for property and foreign investment. If you talk to the business investors, they are still worried about investing in Albania because of this long-awaited...
TIRANA, May 29 NNG Group, an Israeli company that develops next generation of navigation and infotainment (in-vehicle hardware and software that provides audio and video for entertainment) for big automotive companies such as Ferrari, Porsche, Chrysler, McLaren, Mercedes Benz, Volkswagen, and many others expressed interest in expanding its global footprint in Albania. According to the...
TIRANA, May 16 Between May 15-16, a delegation of Romanian businessmen visited Albania and had the opportunity to hold work meetings with representatives of chambers of commerce and state authorities, including the Ministry of Europe and Foreign Affairs, the Ministry of Agriculture and Rural Development and the Ministry of Finance and Economy. Under the...
TIRANA, May 8 So far, foreign investors in Albania were granted preferential treatment, but the new bill aims to ensure the same treatment to Albanian investors too. A new draft-law ‘On Investments’ that is expected to update the existing law is discussed with stakeholders. This law, if passed, would complement the existing one conforming to...
