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BoA: Lack of new major projects, political deadlock negatively affected FDI in year’s first half

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8 mins read
9 years ago
Banja hydropower plant, part of the Devoll HPP being built by Norway's Statkraft
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TIRANA, Sept. 12 – With no new major foreign investment in sight and a prolonged political deadlock ahead of the June 25 general elections, FDI suffered a blow in the first half of this year when it hit a three-year low amid poor investor confidence and uncertainties over election results and tax policies the new government would apply. Central bank data published this week in the quarterly balance of payments shows FDI dropped to €380 million in the first half of this year, down from €409 million during the same period last year, registering a modest 7 percent decline, but…

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Story Highlights

  • Central bank data published this week in the quarterly balance of payments shows FDI dropped to €380 million in the first half of this year, down from €409 million during the same period last year, registering a modest 7 percent decline, but warning of headwinds as two major ongoing energy-related projects are completed in the next couple of years

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