Trade and investment opportunities Territorial Workshop Albania Prague 16 March 2017 Albania Key Figures Population 29 million Work Force 1085 million Medium Age 32 years ID: 590003
Download Presentation The PPT/PDF document "Albania" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Albania Trade and investment opportunities
Territorial Workshop Albania
Prague
, 16 March 2017Slide2
Albania – Key Figures
Population
2,9
millionWork Force1.085 millionMedium Age32 yearsOfficial LanguageAlbanianFrom PRGMajor Airlines (CSA, Alitalia, Lufthansa etc)Surface28,748 sq. kmCoordinates41 00 V, 20 00 LTime ZoneGMT +1 (Same as PRG)Neighboring CountriesGreece 212 km, Kosova 112 km, Macedonia 181 km, Montenegro 186 kmMajor Cities (Population)Tirana (800.000) Durres (276.191) Korça (365.000) Shkodër (218.523) Vlore (183.100) MembershipNATO Alliance Member; EU aspiring country
GDP
11.59
billion $
(
2015)
GDP per
capita
3,840
$ (
2015)
Total Exports
1.958
billion
$ (2015)
Total
Imports
4.382
billion
$
(2015)
Direct Foreign Investment
5.073
billion $
(2014)
Companies with Foreign Capital
10.580(2015)
Inflation
1.9% (2015)
Largest
Exporting Markets
Italy
45.2
%,
Kosova
7.6%,
China
7.4
%,
Spain 6.7
%,
Greece 4.6
% (2014)
Largest Importing Markets
Italy 35.4%,
Greece
11%,
China 8
%,
Turkey 6.7
%,
Germany4.3
% (2014)
Commercial
Agreements
Albania is an aspiring EU
country and has signed the EU Association
A
greement
CEFTA – Albania
is member of Free Trade association of Central Europe
Albania
is m
ember of
World Trade Association and has free trade agreements with a number of countries
Free Trade agreement with Turkey
(EFTA) –European Free Trade AssociationSlide3
Measuring ProgressAlbania is ranked in the 58-th place out of 190 countries, 32 places better than 2016 -
"Doing Business 2017“
, World Bank report
simplification of paying taxes through online payment, Albania has improved with 45 placesAlbania is ranked in the 65-th place in the world referring to “Index Economic Freedoms 2017” Heritage Foundation report As reported, procedures for opening a business have become cheaper and don’t require capital. Government is in the process to remove subventions for many public services like, electricity, water, agriculture products, and railway transportation.Albania has improved 20 places, now is ranking in the 42nd place - referring to the report for “Economic Freedom in the World” for 2016 of the Frasier InstituteThe most improvement were International Trade, where Albania has improved with 35 places and Legislation where Albania improved with 48 placesSlide4
Albania - Investment Indicators Macroeconomic Stability Stabile prices. Stabile Exchange rates. Low InflationInflation Rates - 2013: 1.9%, 2014: 1.6%, 2015: 1.9%Domestic economy and Trade is expanding
In First
Quarter of
2016 growth was 3% Projected: 2016 = 3.2 %; 2017= 3.5 %; 2018 = 3.8 % Competitive low Tax and IncentivesCompetitive taxation systemIncentives for strategic investments. Incentives for strategic sectors (Agriculture, Energy, Tourism). Investment initiative: Albania “1 Euro”Competitive Labor CostAlbania has the lowest wages in Europe; Social security ‘on costs’ amount: – 24.5 % of gross wagesTraining and employment formula is supported by GovernmentFree Trade Agreements with largest markets - Free trade agreement with EU, Turkey, CEFTA and EFTA.Slide5
Albania - Investment PotentialIt is the gateway to the BalkansStrategic location of Albania in the West Balkans and it’s vicinity to the European markets Connection to Europe through two ports
in the Adriatic
and the Jon sea
Favorable climate for strategic sectors like Agriculture and Tourism Free Trade Economic Zones: planning two free zonesAlbania is looking for Strategic Private investors to develop two full service Free Zones for technology and economic development, located in Koplik and Spitalle.Significant Increased Foreign Investments Approximately 1 billion USD per year for the period 2008-2014. More than 10500 companies with foreign capitalTAP (Trans Adriatic Pipeline) – project will invest $1.5 billion in 2016-2017. 215 km land and 37 km seaEase of registering businessesOne-Stop-Shop for registering, license, permit requests etc. Time = 8 hours / Cost = 0.7 EuroSlide6
Albania - Investment OpportunitiesOpen to multiple forms of Investment: private, public-private, strategicTourism and Agriculture
T
he
coast and middle region has 285 days of sunshine and 2,000 mml rain per yearThe average daily temperature in January is 6.5 °C, while in July and August it is about 24.5 °CSimilar seacoast as Greece and Montenegro but more competitive pricing for land or servicesMountain tourism is underdeveloped; 38 % increase year on year for Czech touristsEnergy and Mining: renewable and traditionalPatos-Marinza is the largest onshore oil reserve in EuropeLarge reserves for other mineralsTransport and LogisticExtensive road and railway network well connected to major European routes and portsPossibility for new Airports connecting South and North regions using low-cost optionsSlide7
Questions?Ilirian KukaEmbassy of Albania in Czech RepublicBusiness and Economic Affairs
e-mail
:
ike.kuka@gmail.comphone: + 420 776 147 540