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Top Countries with Largest Share of FDI Inflow to Albania
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Top Countries with Largest Share of FDI Inflow to Albania

TIRANA, June 25 Greece counts for the highest foreign direct investment (FDI) stock in Albania. According to the official statistics provided by the Bank of Albania (BoA) on FDI stock, Greek companies in Albania have invested mostly in telecommunications and in the banking sector. Greek direct investments in Albania during the first quarter of the...

There’s a Puppet Festival for All Ages Happening in Tirana 
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There’s a Puppet Festival for All Ages Happening in Tirana 

TIRANA, May 28 The Albanian capital is turning into a cultural hub for the region and beyond. For six days Tirana will host the International Puppet Theatre Festival Albania. This festival will showcase original performances by puppet theatres from all over the world. (Find the program below) Theatres and companies from China, Turkey, Spain, Romania,...

EU Optimistic on Albania’s Economic Growth Forecast
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EU Optimistic on Albania’s Economic Growth Forecast

TIRANA, November 10 The European Union (EU) says that the Albanian economy is enjoying a positive momentum even when compared to the economies of the other EU candidate countries according to the European Economic Forecast Autumn report published on Thursday. According to the latest economic forecast, Albania’s economy will grow 4percent in 2017. The report...

Albania’s Fish Processing Industry at Risk of Drowning
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Albania’s Fish Processing Industry at Risk of Drowning

TIRANA, February 13 The fast growing fish processing industry in Albania is hampered by the duty-free limit for exports. Over 4,000 people risk losing their jobs, while entrepreneurs are taking into consideration the idea of moving their companies in other countries of the region. The problem with duty-free export limits is related to the fact...

Foreign Direct Investments Remain on Upward Trend
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Foreign Direct Investments Remain on Upward Trend

TIRANA, February 6 Foreign direct investments to Albania showed a positive trend during the recent years. Based on the data provided by the Bank of Albania (BoA), FDI inflow to Albania during 2015 was higher compared to 2014. More specifically, FDI inflow during 2014 was Euro 869 million while in 2015 it was Euro 890....

Some 89 Tourist Guides to Be Certified by February
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Some 89 Tourist Guides to Be Certified by February

TIRANA, January 25 Some 89 Albanian tourist guides will be certified as an influx of tourists is expected during 2017, mostly in Saranda port. The southern coastal city will be part of cruise ships itineraries given many cruise lines are eyeing itineraries that don’t include Turkey. Tourism associations in Albania are getting prepared for the...

Summer Bookings Up as Turkish Tourism Is in Crisis
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Summer Bookings Up as Turkish Tourism Is in Crisis

TIRANA, January 3 A sudden increase in tourism is expected in Albania as Turkey has been hit by tourism crisis. Therefore, tourists are taking into consideration other European countries such as Spain, Greece, Italy, Croatia, etc. Administrators of hotels and other accommodation facilities confirmed an increase international tourists that want to spend the summer of...

Albania Increases Exports to China and Kosovo, Reduces Imports from Italy
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Albania Increases Exports to China and Kosovo, Reduces Imports from Italy

TIRANA, December 28 Albania is achieving considerable percent increase in balance sheets regarding international trade with the region’s countries and non-European countries as well. Based on the data on external trade provided by the Institute of Statistics (INSTAT), Albania increased exports, especially with China. “In November 2016, the countries with which Albania has had the...

Albania Expects Positive 2017 Tourism Trend
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Albania Expects Positive 2017 Tourism Trend

TIRANA, December 20 Albania, as part of the southern Mediterranean region is expected to have a positive tourism trend during 2017. Based on the third quarter assessments made by the World Tourism Organization (UNWTO), the region that includes Albania, Bosnia and Herzegovina, Croatia, Macedonia, Greece, and Montenegro will have positive expectations. The tourism industry in...

Cruise Lines Eye Saranda Call after Removing Turkey from Itineraries
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Cruise Lines Eye Saranda Call after Removing Turkey from Itineraries

TIRANA, December 16 The southern port city of Saranda will become part of 2017 itineraries of the best cruise lines companies. Los Angeles Times reported on Thursday that some cruise lines won’t be stopping in Istanbul and other Turkish ports next year because of safety concerns and their passengers instead will substitute the Greek islands...