Why Albania? Why Now?

Why Albania

Bordered by Montenegro, Kosovo, Macedonia and Greece, and only 72 km from Italy, Albania is an historical crossroads between Eastern, Western and Southern Europe.

The country’s location offers investors significant advantages with strategic access to European and regional markets. In recognition of its outstanding natural beauty, Albania was also listed fourth on the New York Times’ “52 places to go in 2014”.

Albania’s access to foreign markets is also growing through initiatives designed to improve connectivity to the main infrastructure networks of Europe. These initiatives include regional road infrastructure projects like the Blue Corridor (Adriatic-Ionian highway), which stretches along the entire Albanian coastline and links the Western Balkans and Central Europe, as well as expanding capacities at the ports of Durrës, Shëngjin, Vlora and Saranda.

The country will also benefit from its position as a transit country for the Trans Adriatic Pipeline from Turkey to Italy, and a role in the most significant new new energy corridor supplying Europe.

 

Albania at a glance:
  • Official name: Republic of Albania
  • Political system: Parliamentary Republic
  • Prime Minister: Mr. Edi Rama
  • President: Mr. Bujar Nishani
  • Language: Albanian
  • Population: 2,821,977 (INSTAT)
  • Area: Land: 28,748 km2
  • Water: 1,350 km2
  • Time zone: GMT +1 hour
  • Currency: Albanian Lek (ALL)
  • Largest cities: Tirana (capital), Durrës, Vlora, Shkodra
  • Coastline: 316 km
  • Ports:
    -Durrës (with a movement of goods for 2011: 3,526,114 tonnes and 853,748 passengers), Vlora, Shengjin, Saranda, Porto Romano, Petrolifera Port (Vlora).
  • Airport passenger quota: TIA – 1,665,331 passengers for 2012.
  • Road Network: 18,000 km which links Albania with all neighbor countries.
  • Rail network: 441 km. Albanian railway network is linked to international railway network through Montenegro.
  • Proportion of land in agricultural use: 24%.
  • Investment priority sectors: Energy, Tourism, Agriculture and Food Processing, Mining, Business Services, Manufacturing.
  • Noteworthy memberships: WTO, CEFTA, EFTA, FTA with Turkey, U.S. Generalized System of Preferences (GSP) Program.
  • Most important export industries: Textile and footwear; Minerals, fuels, electricity; Construction materials and metals.
  • Most important import goods and services: Machinery and equipment; Foodstuffs; Textiles; Chemical products.
  • Most important export and import markets: Greece, Italy and the European Union in general.