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Embassy of Greece Office for Economic and Commercial Affairs ALBANIA ECONOMY – FOREIGN TRADE – ALBANIAN MARKET.

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Presentation on theme: "Embassy of Greece Office for Economic and Commercial Affairs ALBANIA ECONOMY – FOREIGN TRADE – ALBANIAN MARKET."— Presentation transcript:

1 Embassy of Greece Office for Economic and Commercial Affairs ALBANIA ECONOMY – FOREIGN TRADE – ALBANIAN MARKET

2 Capital:Tirana Total area: km 2 (1/4 of Greece) Population: Currency:Albanian LEK (ALL) 1 € = 138,89 ALL (9/2012) GDP:1.314,7 δισ. αλβ. λεκ GDP per capita:3.716 δολλ. ΗΠΑ (IMF) Inflation:3,5% (2011) Labor force: Base salary:142 € (private sector) Public Debt:60% of GDP Imports:528,37 bil. ALL Exports:213,01 bil. ALLδισ. ALBANIA Office for Economic and Commercial Affairs in Tirana

3 Growth rate - estimations IMF0,5%1,7%2,5% Ministry of Finance3,0%4,0%4,2% Office for Economic and Commercial Affairs in Tirana

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5 GDP by Sector Services

6 Total number of countries Position of Albania Economist Intelligence Unit “Democracy Index” th 87 th Transparency International “Corruption Perceptions Index” th 95 th World Economic Forum “Global Competitiveness Report” th 78 th 89 th Heritage Journal “Index of Economic Freedom” th World Bank “Doing Business” nd 77 th 82 nd Position of Albania in International Organizations reports Office for Economic and Commercial Affairs in Tirana

7 Remittances from expatriates (inflow) Value in million €951,72833,31782,31696,49692,90 Change rate-12,44%-6,12%-10,97%-0,52% Current account deficit of Albania Office for Economic and Commercial Affairs in Tirana

8 Foreign Direct Investment (inflow) Value in million €481,13665,15716,91793,32741,92 Change rate-38,25%7,78%10,66%-6,48% Office for Economic and Commercial Affairs in Tirana

9 Million Albanian Lek Office for Economic and Commercial Affairs in Tirana

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11 Origin of Albanian imports (2012)

12 Office for Economic and Commercial Affairs in Tirana Albanian Imports (2012)

13 Bilateral Trade between Greece and Albania 2006 – 2012 million ALL Office for Economic and Commercial Affairs in Tirana

14 Albanian Imports from Greece (2012)

15 Enterprises in Albania active enterprises in December 2010  6% less enterprises than in 2009  64% created between  50% in Tirana and Durres  84% operate in the services sector (trade, hotels, restaurants bars)  99% SMEs  1% have more than 50 employees and employ 42% of employed  of foreign or joint ownership  62,7% with only one employee Office for Economic and Commercial Affairs in Tirana

16 Useful information for exporters  There are no reliable yellow pages etc with updated contact information for the active companies.  Use of and English language is limited.  Mobile telephony is the usual way of telephone communication.  Personal contact with the potential partners is recommended.  Communication in the Albanian language is preferable, even though foreign languages are spoken (especially Italian & Greek). Office for Economic and Commercial Affairs in Tirana

17 Embassy of Greece in Tirana Office for Economic and Commercial Affairs Thank you for your attention. For further information, please contact our office.


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