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Key Competitive Attractions

AIDA is the official, Government-assigned agency to promote, accelerate, and support foreign investment in Albania.

Key Competitive Attractions:

• Steady trend in economic expansion based on export growth, low inflation rate and rising per capita income.
• Consistently low inflation rate, indicating Albania’s stable economy.
• 64.6% of foreign trade is with EU countries, making it Albania’s main trade partner.
• The new Concession Law guarantees availability of premises, ranging from cost-effective industrial and manufacturing sites distributed throughout Albania, to fully serviced office space positioned in city centres.
• Lower costs of industrial space than in Eastern European or other Balkan countries.
• Lower utility costs, such as electricity and water, than those of most other Eastern European and Balkan countries.
• Several government owned factories available for refurbishment and offering attractive leasing arrangements subject to job creation.
• Free Trade Area agreements with Balkan nations to the east of Albania.
• Strategic position for investors with manufacturing operations to export to 50 million Balkan consumers.
• Significantly lower gross wage costs than Albania’s competitors within the region, including Bulgaria and Romania.
• Working population of nearly 2 million people.
• Median age is young by European standards, (29 years compared to 40 years in Italy.)
• High percentage of the working population speaks two languages and have lived or worked abroad.
• Above a third of all higher education students study social sciences, business, or law.
• The Albanian Government is committed to improving its administrative procedures.
• Business start-ups in Albania require barely more procedures than the average EU country, whereas its flexibility to release workers is regarded as far better in Albania than in other EU, Balkan or Eastern European countries, (World Bank).
• Privatisations account for a significant proportion of investment, providing key opportunities to transform various strategic sectors in Albania.