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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:28.750 km 2 (1/4 of Greece) Population:2.831.741 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:1.076.391 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 201220132014 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 201020112012 Economist Intelligence Unit “Democracy Index” 16784 th 87 th Transparency International “Corruption Perceptions Index” 18287 th 95 th World Economic Forum “Global Competitiveness Report” 14288 th 78 th 89 th Heritage Journal “Index of Economic Freedom” 18370 th World Bank “Doing Business” 18382 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) 20072008200920102011 Value in million €951,72833,31782,31696,49692,90 Change rate-12,44%-6,12%-10,97%-0,52% Current account deficit of Albania 2000 - 2011 Office for Economic and Commercial Affairs in Tirana

8 Foreign Direct Investment (inflow) 20072008200920102011 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 97.436 active enterprises in December 2010  6% less enterprises than in 2009  64% created between 2005-2010  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  2.739 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 email 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. ecocom-tirana@mfa.gr


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