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Economy

Pandemic spurs strong dynamics in the capital's economy; over 1,000 service enterprises are opened in Tirana

  • 7/15/2021 12:23 PM
Pandemic spurs strong dynamics in the capital's economy; over 1,000 service enterprises are opened in Tirana

The pandemic has continued to cause strong dynamics in the capital's economy, especially in terms of opening new businesses, mainly due to the innovative routes that companies have to adapt due to limited traffic.

The Municipality of Tirana reports that 2,087 new businesses were opened during the second quarter of this year. The pace is close to the first quarter of this year, when the number of new businesses registered in Tirana was 2,061, but much higher than previous quarters, when their number fluctuates at an average value of about 1,700 entities per quarter.

Over 1 thousand of these new businesses are service units, while about 600 are retail units. 354 of the new companies are secondary entities, dominated by retail units.

Something calmer meanwhile the dynamics of closed businesses emerge, beyond the initial expectations that the Pandemic will force the company to cease operations. The trend of closing companies is similar to that of previous years. According to the figures of the Municipality of Tirana, during the second quarter of this year a total of 589 enterprises were closed, while in the first quarter 482. For comparison, the figures show that in the second quarter of 2019, 610 businesses were closed in Tirana, while in The 2020 figure is 372.

/Klara Ruci/