Albania keeps luring foreign investors

Foreign investors’ interest on Albania has been increased, a fact evidenced by the latest official data served by the Bank of Albania, according to which, foreign direct investments in the country have been increasing in the last year compared to the previous year. In concrete terms, it is about 1 billion Euros that foreigners have invested in years on Albanian land. Compared to that of the previous year, 2017, it turns out to be higher, 110 million Euros more. During 2017, foreign direct investment in Albania reached a level of EUR 890 million. This figure is actually the same as in 2015. While it should be said that in 2016, this indicator reached even higher, up to 943 million Euros, precisely thanks to the signing of contracts for the construction of  important strategic works such as the Devolli HPP, or even the Trans-Adriatic Pipeline, TAP.

Meanwhile, if we return to last year figures, the end of the year has marked the “peak” of foreign direct investments, up to the level of 266 million Euros in the third quarter, or 264 million Euros in the fourth quarter. But a year ago this figure was only 221 million Euros or 236 in 2017. On the other hand, if we refer to the map of the countries from which foreign direct investments come from, it shows that Switzerland takes the first place, with 1.3 billion Euros. The runner up is Greece, which has this flux up to the level of 1.22 billion Euros in total, and the Netherlands has invested about 1 billion Euros in our country.

1 Billion Euro is the total foreign investment over the last year on Albanian land, more than a year ago when foreign direct investment in Albania reached a level of 890 million Euros.

264 Million Euros were invested only in the fourth quarter of last year by foreign entrepreneurs in our country, while a year ago this figure was at the level of just 221 million Euros.

/Klara Ruci/

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