Albania is a country of great economic potential because of its geographical location, demographics and natural resources. Economic growth in the country shows signs of economic stability and fiscal consolidation, thanks to the gradual reduction of the budget deficit and public debt.
Our economy is based upon a regional approach, by incorporating ourselves in a market of 26 million customers among CEFTA member countries. In less than 10 years, we will be fully economically integrated in the large European market. The economy is expanding, and the trend is positive, people’s confidence in the system has increased, the production structure of Albania is being consolidated and the exports’ amount and value is increasing.
With a view to building a new economic model that generates prosperity, employment and comprehensive development, the government has undertaken a series of reforms to improve the business climate, boost productivity and competitiveness of the Albanian economy, increase domestic and foreign investment as well as enhance financial and economic stability of the country. Albania offers a favorable environment and suitable costs for doing business, schemes attractive to investors, online system on registration and tax payment as well as a one – stop shop process for business registration and licensing. By the end of 2015, there were around 10.560 foreign companies operating in Albania.
High priority has been given to potential foreign investors and investments through the liberalization of policies for attracting the latter. In accordance with these policies, a series of reforms and laws have been implemented, guaranteeing and supporting foreign investments. Through a liberal legislation, where domestic and foreign investors have the same rights and obligations, the Albanian government has attached great importance to sectors with high development potential, such as renewable energy, mining industry, tourism, manufacturing industry, agriculture, transportation, logistics as well as the information and communication technology sector. The inflow of FDI, compared to the previous year increased by 15.7%. Albania offers great investment opportunities in sectors with stable economic growth: energy & mining industry; transport & logistics; tourism; agriculture; manufacturing.