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...
TIRANA, July 31 Hot and attractive, that the most explicit term for the oil and gas industry as it fits the stances of both oil investors and green activists. Even though the global oil and gas have been through different stages during the recent years, one thing is sure (said by the Economist) the demand...
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...
