FDI Increased in Albania, UNCTAD Report Confirms

FDI Increased in Albania, UNCTAD Report Confirms

TIRANA, June 9

Albania is one of the main protagonists in the Balkans regarding the flow for Foreign Direct Investments (FDIs). This was confirmed by the United Nations Conference on Trade and Development (UNCTAD) in the World Investment Report 2017. According to the report, even though FDI in South-East Europe declined slightly to 4.6billion dollars, FDI increased in Albania and Macedonia.
“Albania, another growing recipient of FDI, is attracting both traditional and new investors. Interest from Chinese investors is mounting, through both FDI and other forms of involvement.12 Chinese firms have shown interest in road construction projects, acquiring access to natural resources (Geo-Jade Petroleum bought controlling rights in two Albanian oil fields for $442 million), and obtaining the concession for Tirana International Airport,” the report says.
Further on, the data from the report confirm that Albania ranks second in the region in terms of Foreign Direct Investments, as they decreased in Montenegro and Serbia.

News Source/Photo Credit: unctad.org

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