Economy on Positive Trend, BoA’s Governor Says

IIA 16 October 2017, 11:02 am

TIRANA, October 16 Economic activity in Albania marked improvement. This was said by Governor of the Bank of Albania (BoA) Gent Sejko during the annual meeting of the International Monetary Fund (IMF) and the World Bank Group in the United States during October 13-15. Sejko held several meeting with leading personalities in global finance during…

Albanian Copper Industry Aims at Attracting Investors’ Attention

IIA 23 August 2017, 10:49 am

TIRANA, August 23 Copper mining is one of the sectors of the Albanian industry that can attract investments. The Ministry of Energy and Industry invited Albanian and foreign companies to invest in copper mining. According to a technical document issued by the Ministry, the country has significant deposits of copper reserves that can reach up…

Agriculture

IIA 1 June 2014, 8:00 pm

One of the most profitable fields to invest in Albania is Agriculture. The market is dominated by imports and the land is not getting in use by locals, for many reasons. One of them is the lack of investments and funds in this field.  The favorable climate and low-cost rural workforce make Albania a good…

Client services

IIA 1 June 2014, 6:21 pm

Albania offers good opportunities for foreign investments oriented in export according to various business services such as: Centers for client’s support Joint centers for data processing Technology information services Business regional centers The two first options provide better opportunities for the attraction of foreign investments because there is a  plenty of suitable and quailified Albanians…

Tourism

IIA 1 June 2014, 6:18 pm

  Albania has yet to become a major tourist destination rivaling neighbors like Greece and Croatia although the country is characterized by numerous national parks, mountains, and protected nature reserves, ancient villages and ruins and a relatively well-preserved 450 kilometer-long coastline. Aside from its coastline, Albania is rich in a variety of lakes of different…

Manufacturing & garment industry

IIA 1 June 2014, 6:00 pm

Unlike in other sectors of the Albanian economy, the global financial crisis has produced a positive impact on the clothing industry in Albania.  Supported by 20 years of experience in production (albeit partial) for important companies in Western Europe, Albanian manufacturing companies have improved their processes as they have transitioned from manufacturers with ordered material…

ICT outsourcing

IIA 1 June 2014, 5:58 pm

The ICT sector is growing rapidly, making it one of the country’s most dynamic industries. In recent years government measures have been introduced through the Crosscutting Strategy of Information Society that aims to bring Albania up to speed in the digital age. Government legislation has liberalized the telecoms industry, bringing it into line with the…

Crude oil and gas

IIA 1 June 2014, 5:57 pm

  Oil production in Albania began in 1928 and has continuously increased in the years following. The country is endowed with one of the largest onshore oil fields in Europe, Patos-Marinza. Albania has high on- and offshore oil bearing potential and offers good opportunities for oil and gas exploration via a favorable legislative framework aimed…

Mining sector

IIA 1 June 2014, 5:55 pm

Albania is rich in extractable mineral resources including chromium, copper, nickel and coal. The quality and quantity of chromium is particularly high and it is worth noting that prior to 1990 Albania was the world’s third-largest producer and is today the only European country with significant reserves of this mineral. The mining industry in Albania…

Energy/power generation

IIA 1 June 2014, 5:55 pm

  Albania relies almost entirely on hydropower generation to meet its rising electricity demand (comprising 98 percent of total energy production). The main priority of the Albanian government is for the country to become self-sufficient and be able to fulfill all of its energy needs. Eventually, the mid-term goal is to turn Albania into an…

Telecommunications

IIA 1 June 2014, 5:45 pm

The largest and most important provider of fixed-line telephony in Albania is Albtelecom, the former state-owned national operator. In recent years, however, a growing number of alternative providers has been established and licensed by the Electronic and Postal Communications Authority (EPCA). As per data provided by EPCA, the alternative providers serve around 20% of subscribers…