Foreign investments 283 million Euros in the Albanian economy

Foreign investments in Albania depend mainly only on one sector. It is energy. Official data from the Bank of Albania show that in the first three months of this year, foreign companies invested 283 million Euros in the Albanian economy.A�But over 64 percent of this amount or 181 million Euros were invested only in the energy sector, mainly in three projects. The first place holds the Transadriatic pipeline reports TCH.A�Indirect data from the Bank of Albania show that in the first three months of the year TAP has invested over 100 million Euros in Albania, giving over 35 percent of the total investments. In addition to TAP, there are other two major projects that have kept up the pace of foreign investments in the first quarter are the Dutch Shell with over 40 million Euros and the Devoll Cascade.A�But the high dependence of investment on some projects near the end, puts the economy at risk, that is its downfall over the next few years.A�The World Bank warns that the decline will start this year and will deepen further in 2019. According to the Bank if last year foreign investments were as high as 8.3 percent of national production, this year the figure will decrease to 7 percent, while in 2019 it will fall further to 5.6 percent of national production by creating a big hole in the economy.

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