Investment Climate

In the ranking of the World Bank "Doing Business" 2017, Albania placed in 58th out of 190 countries to the World Bank asessment this year. This is not only a significant improvement of 32 places compared to the last year, but is also the best  rating that Albania has ever had, since 2003, when this report was released for the first time. The best indicators are:

  1. The simplification of issuing constructing permits.
  2. Energy and the speed of the network connection.
  3. The tax payment

Referring to the report for 2016-2017, the Global Competitiveness Index for Albania assessed with 4.06 points and according to this evaluation Albania is ranked in 80th position out of 138 countries, leaving behind Greece, Serbia and Montenegro. Compared with 2015-2016, Albania has improved its competitiveness, which is also reflected in its ranking by overcoming 13 positions from 93rd with 3.93 points (2015-2016) in the 80th with 4:06 point.

From January 1st 2016, the new Law "On Strategic Investments", No. 55/2015  and secondary legislation entered into force. This means that the Republic of Albania, through Albanian Investment Development Agency (AIDA), provides effective ways to invest in our country by offering special favoring, facilitating or accelerating administrative procedures, specified as “assisted procedures” or “special procedures”.
The law foresees as strategic investments private, public, or public-private investments, in the following sectors:

  • Energy and mining;
  • Transport, telecommunications, infrastructure and urban waste;
  • Tourism;
  • Agriculture and fisheries;
  • Economic zones;
  • Priority Development Areas

This law foresees the establishment of the Committee of Strategic Investments, as a collegial body of the Council of Ministers, which will be headed by the Prime Minister of the Republic of Albania. The Committee will have the right to take decisions on giving the status to investments as associated or specific strategic investments.

The law foresees that AIDA is the responsible administrative structure for providing services to investors through a "unique window". AIDA performs the role of the assisting agent, and will follow all administrative procedures on their behalf from the moment an application is submitted until the strategic investment are completed.

Sector

The Albanian Government has given a high priority to the investments and the potential foreign investors through liberalization of economic and political framework for attracting them. In accordance with these policies, it has implemented a number of reforms and laws to guarantee and to support the foreign investments. With a liberal legislation where domestic and foreign investors have the same obligations and rights, the government has given a special priority of the sectors with high development potential such as, Renewable Energy, Mining, Tourism, Manufacturing, Agriculture, Transportation & Logistics, as well as the ICT Services​

  • Agriculture, fishing and forestry
  • Education
  • Energy and mining
  • Finance
  • Health and other socials services
  • Industry and trade
  • Information and communications
  • Public Administration, Law, and Justice
  • Transportation
  • Water sanitation and flood protection
  • Social Protection