Albania Trade and investment opportunities

Transcript:Albania Trade and investment opportunities:
Albania Trade and investment opportunities Territorial Workshop Albania Prague, 16 March 2017 Albania – Key Figures Measuring Progress Albania 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 places Albania 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 Institute The most improvement were International Trade, where Albania has improved with 35 places and Legislation where Albania improved with 48 places Albania - Investment Indicators Macroeconomic Stability Stabile prices. Stabile Exchange rates. Low Inflation Inflation 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 Incentives Competitive taxation system Incentives for strategic investments. Incentives for strategic sectors (Agriculture, Energy, Tourism). Investment initiative: Albania “1 Euro” Competitive Labor Cost Albania has the lowest wages in Europe; Social security ‘on costs’ amount: – 24.5 % of gross wages Training and employment formula is supported by Government Free Trade Agreements with largest markets - Free trade agreement with EU, Turkey, CEFTA and EFTA. Albania - Investment Potential It is the gateway to the Balkans Strategic 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 zones Albania 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 capital TAP (Trans Adriatic Pipeline) – project will invest $1.5 billion in 2016-2017. 215 km land and 37 km sea Ease of registering businesses One-Stop-Shop