Agriculture is the main economic sector of Albania, contributing 20% to the gross domestic product. The government provides financial support through the IPARD III programme, which provides EU funds totalling EUR 146 million over the period 2021-2027 for the development of rural areas and agri-food sectors in the candidate countries for the EU accession, as […]
For the first time, UN Tourism, the United Nations World Tourism Organization, dedicates an in-depth guide to the Albanian tourism sector. Tourism Doing Business Investing in Albania explores the characteristics of the economic landscape of the Balkan country, focusing in particular on the growth potential and opportunities offered by tourism and its sustainable development. The
The World Tourism Organization explores investment opportunities in Albania Read More »
Durres is preparing to host the new science and technology park Durana Tech Park, which will be built in the town of Xhafzotaj on an initial area of 140,400 m2. This was announced by the Minister of Economy, Culture and Innovation, Blendi Gonxhja. Durana Tech Park will be developed by Albanian Investment Corporation (AIC), which
The new technological and scientific park “Durana Tech Park” is underway Read More »
The Karavasta project implemented by the French company Voltaila with a total cost of about 150 million dollars is considered as the largest foreign investment in Albania. In Karavasta, which is located near the city of Fier, about 40 km from Vlora, the government has made available about 200 hectares of land for the construction
Albania: the most interesting country for photovoltaic parks 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 »
Albania has a significant potential of renewable energy sources – hydroelectric, wind, solar, biomass and geothermal energy -, the use of which is part of the strategic implementation of three objectives: support for overall economic development, increase of energy supply and environmental protection. Albania is committed to a binding target of 42% of its energy
Potential sectors for investment in Albania: renewable energy 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 »