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Albania - PowerPoint Presentation

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Albania - PPT Presentation

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

trade albania investment free albania trade free investment 2015 billion strategic 2014 2016 places economic competitive foreign year markets

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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