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Greeks Invest in Albania

tromaktiko2720According to the Greek Embassy in Tirana, Greece ranked first in Foreign Direct Investment stock.

According to statistics acquired from the Central Bank of Albania, between  2008 and 2009 there was a decrease (10% and 3.3% respectively) in Greek Foreign Direct Investment (FDI), always related to the previous year. However, in 2010, an increase of 7.9% was observed in comparison to 2009.

Despite the increase in 2010, the share of the Greek FDI in relation to the total FDI in Albania, has been significantly reduced during the few last years. In 2007 it reached 42.48% while in 2010 it dropped to 27.42%. This decrease is mainly due to the increase of the total FDI in Albania.

Countries such as Italy, Austria and Canada systematically increase their share of FDI stock. The most dramatic increase is reported in the case of Canada, given that its share increased from 0.06% in 2007 to 10.61% in 2010.

The sectors in which Greeks mainly invest are: the bank sector, telecommunications, health care services, fuel, construction, information technology, production and marketing of building materials, legal, accounting and advisory services, food industry, textile and shoe-making.

 

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