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FDI challenge looms as major investors reduce Albania presence, TAP, Devoll HPP near completion

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14 mins read
8 years ago
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TIRANA, Dec. 18 – EU, North American, Turkish and Chinese companies reduced their Albania presence in 2016 amid a slump in commodity prices affecting their oil and mining operations in the country and a rather aggressive nationwide campaign against informality the Albanian government launched in late 2015. A report published by state-run statistical institute, INSTAT, shows the number of foreign-owned companies and Albanian-foreign-owned joint ventures dropped by 5 percent to 5,637 in 2016, registering the first annual decline in at least seven years when data is available. However, the FDI inflow registered an almost record high of €943 million, but…

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Story Highlights

  • Although accounting for only 2.5 percent of the total 160,000 active enterprises in the country, foreign-run companies contribute to 16 percent of employment in the country with some 160,000 workers, almost the same to the country's public sector, being a key driver of growth in Albania's developing economy

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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