Albania offers a wealth of opportunities in both established and expanding industries, including manufacturing, energy, tourism, oil and gas, agriculture, and the mechanical sector. Albania boasts a distinct cuisine. Albania’s fares have increased at a rate of 24% per year since five years ago, and the country’s trade with other EU nations has been growing quickly. According to EBRD, Albania emerged as the region’s leading reformer country in 2014.
According to the Heritage Foundation’s 2015 Index of Economic Freedom, Albania has extremely strong economic freedom in comparison to other Western Balkan nations. Albania did best on the exchange, financial, and speculative opportunity pointers.
Albania has agreements on double taxation assessment with forty nations, including Sweden and Norway, two Nordic nations. According to a report published by the European Commission, the private sector maintains its dominance and contributes over 80% of the GDP. The nation produces more than 1.4 million tons of gas annually from its vast offshore and onshore oil and gas deposits. Hydrocarbon holdings are unique underground common resources that have continuously produced vital revenue for Albania.
Albania is dedicated to establishing a realistic and stable economic environment, implementing comprehensive reforms, strengthening its finances to meet its public obligations, improving intergovernmental cooperation, investing in infrastructure, and modifying the educational system. The Albanian government has also made progress with a goal-oriented financial and auxiliary transformation plan that would improve the business climate by bringing back development, raising the bar for seriousness, and opening up new avenues. In an effort to boost unfamiliar direct speculation, Albania has instituted a liberal, unfamiliar venture system. The Law on Foreign Investments supports precise assurance for foreign financial specialists and provides 100% unfamiliar accountability for them.
