Doing Business in Albania! Which sectors are the most attractive and with perspective
Most entrepreneurs and successful managers believe that if someone can recognize the strategic sectors and carefully study the market conditions of a country, they will be successful in every country where they invest. But which the most attractive and profitable sectors in Albania, favorable to foreign investors and domestic? Below are listed some of them.
- Food Industry
Albania has still a low number of food processing plants and major food products are imported from other countries. Albanian market has a great need for such products and the future offers many opportunities for investors because the demand for food will continue to remain at high levels. A good marketing (which costs much cheaper in Bangladesh than in other countries) and a good quality of products could make you successful as an investor, irrespective of the amount of initial capital invested.
- Outsourced manufacturing
Why search employees in China or anywhere else when you can find them in the middle of Europe and pay them as much as in China, Taiwan or Cambodia? In this way you have deeply reduced transportation costs … in other words a lot of money saved! Create your company’s branch in Albania and find staff for your company. Albanian companies have already established production lines authentic, from raw material to final product ready for export.
- Customer Service
Albania offers a good opportunity for oriented investment services to clients in various fields such as: orientation center and customer support services in the field of IT, data processing centers, etc. Both are competitive advantages for investment in this sector of the economy which in just a few years has become one of the favorites, most young people in the country have knowledge multi linguistic (English, Italian, Greek, Spanish) and low cost of power labor, calculated as 1/5 of what is in the EU countries.
The country is characterized by a large number of national parks, numerous tourist attractions and cultural history and a wonderful line for about 450 kilometers of coastline from north to south. The potential for development of a wide range of tourist supplemented by hilly and mountainous landscapes which occupy about 2/3 of the country’s surface. Projections made on the development of this sector shows that in 2021 revenues from tourism will reach 29% of GDP.
Albania ranks first countries in Europe to water resources and relies almost entirely on hydroelectric generation to meet its growing electricity (98% of total energy produced in the whole country). One of the main priorities of the Albanian government is that country to be able to autocomplete all of its energy needs and turn it into an important regional player in terms of market power. In order to achieve this goal are given a large number of concession contracts for the Albanian foreign investors who build and use various hydro-power capacity.
*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.