INVESTMENTS IN ALBANIA

The Albanian economy has in recent years posts a steady GDP growth rate, both in market value and in nominal levels.
The per capita income now stands at 11.400 dollars, the unemployment is at 18% and only 14,3 % of the population lives below the poverty threshold.
The country’s energy deficit is covered by electricity imports and its trade balance tends to be in a negative ratio of 1:2 between exports and imports.
The banking system is organized and in its framework several Greek-owned banks operate. The interest rate is considered high (8,66%).
The tax on business profits amount to 15% and is the lowest in the Balkans, the income tax is also 10% and the maximum scale of VAT is 20%.

ALBANIA

2014

G.D.P. in purchasing power terms (billion $)

$31,59

G.D.P. in nominal values (billion $)

$13,28

G.D.P. growth in 2014

1,90%

Per capita G.D.P. in purchasing power terms

$11.400

Investments in fixed assets as % of the G.D.P.

26,50%

Inflation rate

1,60%

Total borrowing of the economic units (bil. $)

$8,231

Exports (bil. $)

$2,431

Imports (bil. $)

$5,25

Total Foreign Direct Investments (bil. $)

$5,557

Work Force (mil.)

1,077

Unemployment rate

18%

% of people under the poverty threshold

14,30%

Energy production (bil.)

4,726 kWh

Energy consumption (bil.)

7,793 kWh

State budget incomes (bil. $)

$3,476

State budget expenditures (bil. $)

$4,16

State budget deficit as a % of the G.D.P.

-5,10%

Tax incomes as a % of the GDP

26,20%

Public Debt as a % of the GDP

72%

Foreign Dept (bil $)

$8,782

Lending interest rate of commercial banks

8,66%

Corporate tax rate

15%

Highest income tax rate

10%

Highest VAT rate

20%

Insurance Contributions for employee

11,20%

Insurance Contributions for employer

16,70%

Energy, food, real estate, tourism and trade are the most usual sectors attracting foreign investors. It should be noted that in the country, apart from the fact that a significant proportion of the population speaks Greek, also important is the presence of Greek-owned banks.

Do you know that...

  • In Serbia there are attractive companies for sale. They are in the list of Privatization Agency but also at the Belgrade Stock Exchange. The list is long, unfortunately much longer than number of potential investors. The crisis has left its mark. Until so far Serbia has cashed EUR 2.3 billions from sale of 1,643 enterprises. It is not known how much more it could get from further sales, but among 650 companies in the list of Privatization Agency there are still attractive firms.

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