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Italy Reconfirmed Albania’s Largest Trade Partner
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Italy Reconfirmed Albania’s Largest Trade Partner

TIRANA, August 2 Italy remains Albania’s main foreign trade partner as it m 39.8 percent of the total volume of trade. This was confirmed by the report on foreign trade for June 2016 issued by the Institute of Statistics (INSTAT). According to the report, exports toward Italy increased by 28.5 percent compared to June 2015...

Albanian Currency (ALL)
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Albanian Currency (ALL)

The Albanian monetary unit is called “Lek” (Albanian Lek – ALL). The currency floats freely but is quite stable. Most boards exhibit the current exchange rate on the right side of the screen. On the rate boards in banks and exchange offices (kembim valuator) the initials ALL are sometimes used instead of the word “Lek”. Here you...

Market Overview
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Market Overview

Economic Freedom Score “Albania’s economic freedom score is 66,9 out of 100 (most free) making its economy the 54 Freest in the 2014 Index. Its overall score has increase by 1.7 points, with notable improvements in investment freedom and trade freedom. Albania is ranked 25th among the 43 countries in the Europe region, and its...

Trade agreements
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Trade agreements

Trade and Economic Cooperation Agreements These agreements are intended to create a legal basis for promoting the trade of goods and services and lead to a broader economic cooperation. Each party undertakes to encourage and create favourable conditions for the export or import of goods and services originating from the other party and to accord...

Forms of Enterprises
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Forms of Enterprises

Foreign investors can do business in Albania by setting up either a new company fully owned by a parent company or a subsidiary/branch fully owned by the parent company or a representative office, or by acquiring shares in an existing company. Investors may also form a partnership to do business in Albania. Partnership is also...