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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:
Purchase Of Materials For The Building "Kuz Construction, Neighborhood Behind The School, Marinez Village, L=415Ml
Country:
Albania
Estimated Cost:
ALL 136747000
Notice Type:
Tender Notice
Deadline:
11 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Purchase Of Food For Gardens And Nurseries In 2024
Country:
Albania
Estimated Cost:
ALL 875000000
Notice Type:
Tender Notice
Deadline:
11 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Purchase Street Lighting + Arms
Country:
Albania
Estimated Cost:
ALL 333060000
Notice Type:
Tender Notice
Deadline:
11 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Purchase Of Plane Tickets, Tirana - Filios, Turkey - Tirana
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
27 Mar 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Buying International Tickets
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
27 Mar 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Purchase Of 4 (Four) Plane Tickets To The Destination
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
27 Mar 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Return Ticket, Tirana - Porto - Tirana For Fau, Participation In The International Conference "International Conference On Architecture And Planning" In Coimbra, Portugal.
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Purchase Of Plane With Destination Tirana-Venice (Treviso)-Tirana
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
27 Mar 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
"Purchase Of 1 (One) Travel Ticket With Itinerary Tirana - Tel Aviv (Israel) - Tirana"
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Buying Tickets Tirana-Abidjan-Tirana
Country:
Albania
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
28 Mar 2024