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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 International Air Transport Tickets, Destination Prague
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Buying Travel Tickets
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Tirana (Albania) - Malmo (Sweden) - Tirana (Albania)
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Tirana (Albania) - Copenhagen (Denmark) - Malmo (Sweden) - Tirana (Albania).
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Tirana (Albania) - Malmo (Sweden) - Tirana (Albania).
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Plane Tickets Tirana-Rome-Tirana
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Purchase Of Plane Tickets For The Route Tirana - Vienna And Return
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Helsinki (Finland) – Copenhagen (Denmark) – Helsinki (Finland)
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Return Ticket, Tirana – Paris – Tirana For Fau To Participate In The International Conference "36Th Aesop Annual Congres 2024 Paris", France
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Rome (Italy)-Tirana (Albania)-Rome (Italy)
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
23 Apr 2024
 
 
 

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