According to the data of the Bank of Albania, in the first six months of the year, the number of foreign direct investments hit a new record, with a total value of 686 million euros (+ 7.9% compared to the same period in 2022). 51% of foreign direct investment is made up of reinvested profits, […]
Foreign investments in Albania: new historical record Read More »
The so-called “blue economy” aims at the sustainable use of ocean resources for economic growth, the creation of better livelihoods and new jobs while preserving the health of the marine ecosystem. In Albania, the small town of Orikum, located about 20 km south of Vlora, will be the starting point for the development of elite
Marina Orikum: starting point for the “blue economy” Read More »
The Karavasta project implemented by the French company Voltaila with a total cost of about 150 million dollars is considered as the largest foreign investment in Albania. In Karavasta, which is located near the city of Fier, about 40 km from Vlora, the government has made available about 200 hectares of land for the construction
Albania: the most interesting country for photovoltaic parks Read More »
The economies of Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia have surpassed pre-pandemic levels despite the aftermath of the war in Ukraine, rising energy and food prices and the tightening of financial measures, according to the latest edition of the “Western Balkans Regular Economic Report” published by the World Bank. Albania is
World Bank: Albania’s economy is the second-biggest in the Western Balkans Read More »
The American Chamber of Commerce in Albania (AmCham), the German Chamber of Commerce (DIHA), the Italian Chamber of Commerce, Confindustria Albania and the French Chamber of Commerce have presented to the government a series of proposals to improve the business environment, attract foreign direct investment and facilitate Albania’s integration into the EU and international markets.
Improving the business environment: proposals from foreign Chambers of Commerce Read More »
The Albanian real estate market achieved record figures in 2022: according to data from the Bank of Albania, foreign investments reached a total value of 292 million euros, with an increase of 52% compared to the previous year. The real estate sector has absorbed 21% of foreign direct investments, thus assuming a driving role in
Foreign investments in Albania: in 2022 record figures in the real estate sector Read More »
The mayor of Tirana, Erion Veliaj, presented the Technological and Economic Development Zone of Tirana (TEDA), developed in cooperation between the government and the municipalities. TEDA Tirana will be built in the urban area of Kashar, along the road axis that connects the capital to Durres, on an initial surface of 35 hectares, with a
Tirana set to launch call for tenders in the new free economic zone Read More »
The Green for Growth Fund (GGF) will finance the construction and operation of the largest non-government subsidized solar project in the Western Balkans with 28 million euros. The 50 MW plant, which constitutes a milestone in energy production in Albania, will be built by the SPV Blue 1 company in Topoje, near Fier. The funding
Historic renewable energy project with support from the Green for Growth Fund Read More »
According to the latest data published by the Albanian Electricity Distribution Operator OSHEE, in 2022 there was a record increase in requests for the installation of solar panels. Over a thousand consumers, 59% of which in the regions of Tirana and Durres, have chosen the photovoltaic system to self-produce electricity. The law recently approved by
Photovoltaics: new cutting-edge projects and business opportunities Read More »
The Albanian Energy Exchange ALPEX will become operational at the end of March, as announced by the Minister of Infrastructure and Energy Belinda Balluku. ALPEX is a joint venture established on October 5th 2020 by the transmission system operators of Albania (OST) and Kosovo (KOSTT) with the aim of managing and unifying the wholesale electricity
The Albanian Energy Exchange will become operational at the end of March Read More »