TIRANA, June 25 Official data from the Bank of Albania (BoA) for the first quarter of 2020 confirm that the energy industry was not the most attractive sector for Foreign Direct Investment (FDI) inflow. This the first time since 2016 that energy investments rank second, leaving the top place to the extractive industry. Based on...
TIRANA, June 17 Globally, the coronavirus pandemic is expected to cause a 40 percent decline in foreign direct investments (FDI), the United Nations announced on Tuesday. According to the World Investment Report 2020 by UNCTAD, investment flows to transition economies where Albania makes part will decline by around 38 percent in 2020. Meanwhile, growth in...
TIRANA, February 10 Corruption leads the rating of the main obstacles for American investors in Albania, the AmCham Chair, Enio Jaco said on Monday during the annual analysis of the American Chamber of Commerce in Albania. He highlighted that corruption, a problem that everyone acknowledges, is a serious obstacle for foreign investors. Moreover, he added...
TIRANA, January 21 The Albanian authorities are seeking bids, domestic and international, for the construction and maintenance of a 140MW photovoltaic plant in Karavasta area, Fier region. Interested investors can submit their bids by March 16th, for which financial bids will be opened on the same day at 12:00 hours, according to an Invitation for...
TIRANA, December 11 Foreign Investments remain high during January – September 2019 although the two main projects in the energy sector, TAP and Devolli HPP, are on their final stages, the Bank of Albania (BoA) confirmed. According to the statistics from the balance of payments for Jan – Sep 2019, Foreign Direct Investments (FDI) were...
TIRANA, November 6 Where to invest now? While the Netherlands saw a fivefold increase in British investment as the UK was expecting the Brexit date on Halloween day (postponed to January 31), other less expensive countries offer a bigger bang for the buck, and not only for British investors. Six for one Six of them...
TIRANA, October 7 Recently, the Albanian Agency on Natural Resources (AKBN) launched an international licensing round for three onshore blocks respectively, Block C, Panaja, and Dumrea. The offer on the onshore bids is due December 19th, while the licensing round follows the bid on Block 5. According to the announcements, the exploration stage will be...
TIRANA, September 30 The Regional Cooperation Council (RCC), is currently leading the process for a joint investment attraction strategy on the Western Balkans, reported that the six countries share a mutual interested in the automotive industry. Hence, Albania is trying to join the automotive spare parts and equipment manufacturing sector. Albania will produce vehicle lights...
TIRANA, 12 September Foreign direct investments (FDI) were up by 10% in the first 6 months of 2019, whilst the companies with foreign capital have expanded their activity in Albania. Official data by the Bank of Albania, show that between January-June 2019, the foreign companies invested over €535 million in the Albanian economy, from €484...
TIRANA, September 9 Representatives of the Mallorcan accommodation industry are eyeing opportunities for hotel development in Albania. According to Majorcadailybulletin.com, hoteliers from the Balearic are looking for new expansion destinations, following a decline in profitability in the Caribbean region. Therefore, they are considering Albania as a new destination due to the tax incentives for strategic...
