Two Albanian energy producers, Orher and Delta Plan Studio, will be able to start their projects related to the construction of photovoltaic plants. In fact, the Albanian Energy Regulatory Authority ERE has decided to grant authorization for the production of electricity from solar panels with a total capacity of 4 MW. The plants will be […]
New photovoltaic plants received authorization Read More »
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 »
The opening of the TEDA area in Tirana is expected next year. This new economic free zone will offer numerous advantages to foreign companies operating in the sustainable technologies sector. A large area of 36 hectares located in Kashar and parallel to the Tirana-Durres highway, will host up to 40 companies, including large ones, capable
TEDA Tirana: new free economic zone to open in 2025 Read More »
According to the latest data published by the Institute of Statistics INSTAT, in 2023 the number of active companies in Albania rose to 130,338, 4.1% more than the previous year. The majority of them (86%) operate in the service sector in Tirana and Durres, in particular in retail and wholesale trade. Foreign companies (6,938) represent
The number of foreign companies in Albania is increasing Read More »
There are 4,125 businesses formed in Albania in 2023 in the tourism and telecommunications sector, according to data from the National Business Center. There are 914 new businesses with foreign capital, representing 22.2% of the total. In the first three months of this year, 366 foreign companies have already been registered, according to data from
Tourism and telecommunications: over 900 foreign companies formed in 2023 Read More »
Albania will join EU Single Market thanks to an agreement that has already been ratified and will soon come into force. The European Commission will announce every year by April a request for funding for Albania which will allow small and medium-sized enterprises and non-profit organizations to benefit from funding for their development. The “Single
European common market: funds for one billion euros to support Albanian SMEs 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 »
Although Albania still has the status of “candidate” for membership of the European Union, companies operating in the country will be able to receive financial support from Brussels thanks to the “accelerated integration” process. The Council of Ministers has in fact signed an agreement with the EU which allows Albania’s participation in the “Single Market
EU funds: over four billion euros to companies operating in Albania Read More »