Category: Foreign Investments

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Mallorcan Hoteliers Eyeing Investments in Albania
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Mallorcan Hoteliers Eyeing Investments in Albania

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...

State Department on 2019 Investment Climate in Albania
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State Department on 2019 Investment Climate in Albania

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...

Who Were the Largest Foreign Investors in Albania in Q1?
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Who Were the Largest Foreign Investors in Albania in Q1?

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 is the Main City for Foreign Investments
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Tirana is the Main City for Foreign Investments

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...

Why Turkish Consortium Didn’t Built the Airport of Vlora?
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Why Turkish Consortium Didn’t Built the Airport of Vlora?

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...

Albania’s FDI Levels Up in Q1, but Job Creation Lags
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Albania’s FDI Levels Up in Q1, but Job Creation Lags

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...

Israeli NNG Group Interested in Expanding Global Footprint in Albania
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Israeli NNG Group Interested in Expanding Global Footprint in Albania

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...