According to data from the Institute of Statistics (INSTAT), almost 120,000 foreigners arrived in Albania for work reasons in the first seven months of 2024. This is an increase of approximately 57% compared to the same period last year. Therefore, interest in Albania as a favorable investment destination is growing. In the first half of […]
Foreign investors and workers in Albania are increasing Read More »
According to data from the Bank of Albania, in the first quarter of 2024 foreigners invested 84 million euros in the real estate market, an increase of 71% compared to the same period last year. The real estate market absorbed around 24% of the total value of foreign direct investment, 71% more than in the
Foreign investments in the Albanian real estate market have almost doubled Read More »
According to data from the Bank of Albania, in 2023 foreign investment reached the figure of 1.5 billion euros, with an increase of 8.7% compared to the previous year. In the period 2022-2023, there was a strong increase in real estate purchases by foreigners, while previously foreign investment was made in major projects such as
Foreign investments are progressively increasing, reaching the figure of over 1.3 billion euros in 2022 and exceeding one billion euros in the first nine months of 2023, according to the latest data. Albania occupies the second place in the Western Balkans region with around 1.4 billion euros, after Serbia with 4.6 billion euros, and with
Albania sees increase in foreign investment. Business environment survey Read More »
According to the data of the Bank of Albania, in the first six months of the year, the number of foreign direct investments hit a new record, with a total value of 686 million euros (+ 7.9% compared to the same period in 2022). 51% of foreign direct investment is made up of reinvested profits,
Foreign investments in Albania: new historical record Read More »
The American Chamber of Commerce in Albania (AmCham), the German Chamber of Commerce (DIHA), the Italian Chamber of Commerce, Confindustria Albania and the French Chamber of Commerce have presented to the government a series of proposals to improve the business environment, attract foreign direct investment and facilitate Albania’s integration into the EU and international markets.
Improving the business environment: proposals from foreign Chambers of Commerce Read More »
The Albanian real estate market achieved record figures in 2022: according to data from the Bank of Albania, foreign investments reached a total value of 292 million euros, with an increase of 52% compared to the previous year. The real estate sector has absorbed 21% of foreign direct investments, thus assuming a driving role in
Foreign investments in Albania: in 2022 record figures in the real estate sector Read More »
In a long interview published by “Monitor” magazine, Dilawar Syed, trade and business representative at the U.S. State Department, said that Albania has the potential to create an entrepreneurial ecosystem and become a new “Silicon Valley”. Syed, who has 20 years of experience as an entrepreneur, has worked in Silicon Valley, and has founded innovative
Albania could become a new “Silicon Valley” Read More »
Free zones and industrial parks form part of the Ministry of Finance’s “Strategy for Business and Investment Development 2021-2027” and are a key element in attracting foreign investment to Albania. Therefore, the government approved the creation of world-class “technological and economic development areas” (TEDA). These are particular areas equipped with the necessary infrastructure for production,
Albania focuses on “technological and economic development areas (TEDA)” Read More »
The Law on “Foreign Investments” aims to create a favorable climate for investments and to provide guarantees of protection to foreigners – natural or legal persons – who wish to invest in Albania. No prior government approval is required. All sectors of the Albanian economy are open to foreign investment. There are no restrictions on
The law on foreign investment and government incentives Read More »