Turkey strongly expands enterprises in Albania

Turkey strongly expands enterprises in Albania

Albania continues to absorb more foreign investments from year to year. Referring to the data published by the Ministry of Economy, generated by the Bank of Albania, Foreign Direct Investments have reached a record level in the first quarter of the year, with an inflow of 354 million euros, while in the same period of one year previously, their value was fixed at 307 million euros.

Referring to the country of origin from which these investments come, Turkey seems to lead with 19.5% of the total flow, followed by Italy with 11.6% and then Austria: 9.6%, followed by the Netherlands, Kosovo and Germany.

Investment flows were lower from China, Greece, Sweden and Slovenia, the value of which varies from 1 million euros to 3 million euros.

Meanwhile, there are a full 80 million euros of foreign direct investment flows in the first quarter of this year, which appear as "other for reasons of confidentiality". It is about 22.6% of the total that does not have an "origin label" for the public.

But what are the sectors that arouse the most interest for foreign investors?

The data show that the sectors with the highest contribution are real estate activities, which account for 23.7%; Financial and insurance activities with 20.9%; Extractive industry with 14.4%; Processing industry occupies 11.8% and professional, scientific and technical activities 7.3%.

In the announcement of the Ministry of Economy, it is said that thanks to these investments, Albania continues to develop and strengthen its position in the regional and international markets. Economic-social progress, fiscal consolidation, modernization of industries and the creation of new jobs are just some of the benefits that come from these investments./ SCAN

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