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Economy of Albania and business opportunities

Economy of Albania

The economy of Albania has undergone a transition from its Communist past into an open-market economy since the early 1990s. The country is rich in natural resources, and the economy is mainly bolstered by agriculture, food processing, lumber, oil, cement, chemicals, mining, basic metals, hydro power, tourism, textile industry, and petroleum extraction. As of 2014, exports seem to gain momentum and have increased 300% from 2008, although their contribution to the gross domestic product is still moderate (the export of products per capita as of 2014 is around $1,136.It is very undeveloped against European standards and is one of the poorest countries in Europe.

Sectors

Agriculture

Agriculture in Albania employs 47.8% of the population and about 24.31% of the land is used for agricultural purposes. Agriculture contributes to 18.9% of the country's GDP.

The main agricultural products in Albania are tobacco, figs, olives, wheat, maize, potatoes, vegetables, fruits, sugar beets, grapes, meat, honey, dairy products, and traditional medicine and aromatic plants.

Oil and gas

Albania has the second largest oil deposits in the Balkans (after Romania) and the largest onshore oil reserves in Europe. Albania's crude output amounted to more than 1.2 million tonnes in 2013, including 1.06 million by Canada's Bankers Petroleum, 87,063 tonnes from Canada's Stream Oil and 37,406 tonnes by Albpetrol on its own. Three foreign firms produced the rest.

Tourism

A large part of Albania's national income comes from tourism. Tourism - as of 2013 - funds 10% of its gross domestical product, and this is expected to increase. The increase in foreign visitors is dramatic but very low compared to other European nation just like its neigbour Greece , with Greece having an estimated 25 million tourists visiting in 2014.



This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Albania"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Albania from all over the world..

This section contains economy and business opportunities and from Albania.
Albania Economy Albanian Economy, business opportunities in Albania.
Summary:
Purchase Of Heavy Water For The Garden And Nurseries
Country:
Albania
Estimated Cost:
ALL 3750000
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
"Buying Tires For Vehicles"
Country:
Albania
Estimated Cost:
ALL 1876500
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Reconstruction And Construction Of The Gym Of The United School "Shefqet Dosku" Librazhd
Country:
Albania
Estimated Cost:
ALL 76854050
Notice Type:
Tender Notice
Deadline:
21 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Road Reconstruction In Manez Administrative Unit
Country:
Albania
Estimated Cost:
ALL 16665599
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
"Rehabilitation Of Sidewalks Along The National Road From Krume City To Pla Reservoir"
Country:
Albania
Estimated Cost:
ALL 19999560
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Reconstruction Of The 9-Year School "Ali Metra", Komsi And The Heating System + Construction Of A Gymnasium
Country:
Albania
Estimated Cost:
ALL 97321817
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Security And Physical Security Service With Physical Guards/Monitoring With Camera/Alarm Security System And Ready Group For All Facilities Under The Administration Of Pogradec Water And Sewerage Regional Company.
Country:
Albania
Estimated Cost:
ALL 21597814
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Tirana (Albania) - London (England) - Tirana (Albania)
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
04 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Lot I
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
04 Jun 2024
Posting Date:
04 May 2024
 
 
 
Summary:
"Purchase Of Oxygen, Gas And Liquid" For The Durres Regional Hospital", Divided Into 2 Lots
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
04 Jun 2024
Posting Date:
04 May 2024
 
 
 

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