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Turkish, Dutch or company-owned businesses in Cayman, who are the dominant foreign companies in the country?

2023-12-04 12:04:33Biznes SHKRUAR NGA REDAKSIA VOX

Turkish, Dutch or company-owned businesses in Cayman, who are the dominant

Of the 100 businesses with the most revenue generated in 2022, 22 are listed with national owners and foreign entities, while 12 are under mixed ownership. 5 companies with Turkish ownership are listed in the 100 businesses with the most annual turnover for 2022, having turned over 60.6 billion ALL or 2.84% of our annual GDP. Likewise, the other 5 are Dutch companies and have generated 49.9 billion ALL or 2.34%. The Cayman Islands are ranked third in turnover value. This according to the data processed by Open Data.

Turkish, Dutch or company-owned businesses in Cayman, who are the dominant

The turnover of the 100 largest companies was 1.24 trillion ALL (12.4 billion dollars). Companies with foreign ownership realized 249.5 billion ALL in annual turnover, which is 20.1% of the total of the 100 big companies according to annual turnover. These revenues realized in 2022, from companies that operate in Albania, but have foreign owners, turn out to be as much as 11.7% of the GDP of 2022.

Turkish, Dutch or company-owned businesses in Cayman, who are the dominant

Bankers Petroleum Albania Ltd , which owns the concession contract for oil extraction in the Patos-Marinë field, is the largest foreign-owned company that conducts economic activity in Cyprus (ninth among the 100 big companies). The owner of the same name is a company registered in the Cayman Islands and then has a chain of owners registered in different countries. Bankers has identified in the Register of Beneficial Owners (RPP), only the top executives. 26.8 billion ALL turnover realized during 2022 is 1.3% of GDP and 4.8% of the total payments executed by budgetary institutions for 2022.

Banka Kombëtare Tregtare ranks second with the highest turnover among companies with foreign ownership. The annual turnover of 23.7 billion ALL is 1.1% of GDP and 4.3% of Treasury Payments 2022. The company is directly owned by the Turkish company Calik Holding Anonim Sirketi with the final owner Mr. Ahmet Çalik, owner of 91.9% of the capital.

The third in the list of companies with foreign ownership (13th in the list-100 big companies), Gen - I Tirana , operates in electricity trading. From the data of the Slovenian Business Register, in the final, Gen - I Tirana results in the possession of the Republic of Slovenia. Annual turnover 20.1 billion ALL, equal to 0.95% of GDP.

Albchrome, Concession agreement for extraction and processing of chrome, according to the register of the final owner, results in an individual final owner with Turkish citizenship. The company realizes 18.7 billion ALL annual turnover, which is equivalent to 0.9% of GDP and 3.4% of treasury payments in 2022.

The concession company for the construction of the Hydroelectric Plant in the Devoll River is ranked fifth in the list of companies with foreign ownership, with an annual turnover of 17.7 billion ALL. Devoll Hydropower is owned by the Dutch company Statkraft Markets BV and identifies in the RPP only the General Director of the company.

The mobile phone operator Vodafone Albania follows in the ranking with an annual turnover of ALL 15.9 billion, a value of 0.75% of GDP. The owner is the Dutch company Vodafone Europe BV. The annual turnover of the company is 1.3% of the turnover of the 100 big companies.

Philip Morris Albania , active in the tobacco and by-products market, is owned by Philip Morris Sëitzerland Sàrl. Annual turnover of ALL 13.6 billion is 0.64% of GDP and 5.45% of the total turnover of companies with foreign ownership positioned in the top 100 according to annual turnover.

In eighth place, Raiffeisen Bank , Austrian, with 13.1 billion ALL annual turnover.

Antea Cement , active in the production of construction materials, has 12.1 billion lek revenue for 2022. The owner of the company is a company registered in Cyprus.

Albametal , classified among the 10 largest in the list of companies with foreign ownership, has an annual turnover of 11.5 billion lek and is owned by a Serbian company. On the other hand, in the register of the beneficial owner, the final owner of the company is a Turkish citizen. Annual turnover is 0.54% of GDP and 2.1% of treasury payments in 2022.

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