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An Economy in Transition In 2018, Albania was in the process of transforming its economic structure. Reforms aimed at improving the business environment were gradually taking effect. Key Sectors for Growth Investors exploring the market focused on sectors such as:...

A Destination Discovered 2018 marked a turning point for Albania’s tourism sector. What had long been considered a “hidden gem” began to gain broader international recognition. Travel media, bloggers, and tour operators started highlighting Albania as an affordable...

The economic recovery continues, supported by large energy-related Foreign Direct Investment projects and rising consumer confidence. GDP growth is projected to increase to 3.9 percent in 2017, driven by rapid expansion of tourism and construction sectors, offsetting...

Challenge Albania’s key challenges include the need to accelerate growth and create jobs. The high pre-crisis growth rate of 6 percent was fueled largely by domestic consumption driven by the high level of remittances. In the aftermath of the 2008 financial crisis,...