Compared with economies in transition worldwide, Albania ranked second in increasing the percentage of FDIs for the first three quarters of 2009, according to the UN’s 2009 World Investment Report.
TIRANA, Feb. 7 – Foreign direct investments in Albania saw a 38 percent increase compared to a year ago for the January to September period, according to a recently released UN report.
In 2009’s first nine months foreign direct investments in Albania were 565 million euros, while in the same period in 2008 they were 351 million euros, according to the report.
Last year’s third quarter alone was estimated to have 143 million euros in FDIs.
Compared with economies in transition economies worldwide, Albania ranked second only to Armenia, which had an increase of 45 percent, according to the UN’s 2009 World Investment Report.
In the region, only Albania and Montenegro had positive developments regarding foreign direct investment.
The significant growth of foreign direct investment in Albania, as in other countries in the region, is based mainly in the privatization of large companies that were owned by the state and improving the business environment, the report says.
According to the UN experts, the most important challenge for Albania and countries of the region is the future of these privatizations in job growth and the economic performance of the country.
