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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"

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This section contains economy and business opportunities and from Albania.
Albania Economy Albanian Economy, business opportunities in Albania.
Summary:
Albania: Componenet A1: Improving Cultural Tourism Potential Through Interventions In Berati Castle - Enhancing Touristic Attractivity Of Berati Castle By Improving Touristic Accessibility
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
03 Jun 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Supervision Of Works For 2 Infrastructure Objects In The City Of Tirana For The Year 2024
Country:
Albania
Estimated Cost:
LEK 1070108
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Return Ticket, Tirana – Paris Beauvais – Tirana In The Framework Of The Cooperation With Ecole Speciale Des Travaux Publics, Du Batiment Et De L'Industrie (Estp Paris), France
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
"Purchase Of Fuel For The General Directorate And For Dependent Regional Directorates"
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Services With Video Animations And Promo, Photography Services
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
"Purchase Of Travel Tickets (Economy Class) With Route Tirana-Prague, Czech Republic-Tirana For 2 (Two) People".
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
24 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Insurance Of The Assets Of Kesh Sh.A
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Securing The Assets Of Kesh Center, Production Units And Sl Durrës
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Services, Vehicle Repairs
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Securing The Assets Of Tec Vlora
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
25 Apr 2024
 
 
 

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