FOREIGN DIRECT INVESTMENT in Figures
FDI into Albania has been rising steadily since the early 2000s. Today, FDI stock has reached nearly 50% of the country’s GDP. These investments are essentially in the oil, metal ore, infrastructure, construction and telephony sectors.
Albania has set up reforms to boost FDI. The State has adopted a tax reform that is advantageous to foreign investors and aims at reducing corruption and administrative difficulties, which can be discouraging to investors. The long-winded procedures to obtain operating licenses in the trade, construction and tourism sectors have slowed down investment progress. In addition, investments continue to suffer from the lack of infrastructure and poorly defined property law.
In the context of the global economic crisis, foreign direct investment in Albania strongly decreased after 2009, mainly due to the decline of remittances from Albanians living abroad (-27%), which represent 15% of the country’s GDP. In 2013 FDI reached USD 1.2 billion. This trend has since continued and should remain unchanged, due to the general European context and particularly the difficulties faced by the Greek economy.
Information on the 2014 FDI influx in this region can be accessed in the World Investment Report 2014 published in June 2014 by the United Nations Conference on Trade and Development (UNCTAD).