Foreign companies, less employees and turnover – Net sales fell to 20.5% in 2019 from 30.3% in 2017, the opposite trend in investment
In the period 2017-2019, foreign businesses in the country have reduced the number of employees but also sales. According to official data from the Institute of Statistics, in 2019, foreign and joint ventures employed 16.1% of total employment from 15.6% and 18.7% in 2018 and 2017. Net sales realized by Foreign and joint ventures account for 20.5% of total net sales of enterprises in 2019, while during 2018 and 2017 this indicator was 25.8% and 30.3%.
While another trend has marked investments. From the INSTAT report on “Foreign Enterprises in Albania” for the period 2017-2019 shows that the percentage of investments made by foreign and joint ventures is 30.0% of total investments in 2019, while in 2018 and 2017 was 25.0% and 30.4%.
The Foreign Direct Investment Stock increased by 26.2% in 2019, compared to 2017. At the end of 2019, EU countries accounted for the largest share of the Stock (55.3%), dominated by the Netherlands and Italy with 15.3% and 9.4% respectively.
The flow of Foreign Direct Investment has increased by 5.2% in 2019, compared to 2018. For 2019, Italy has had the largest increase by almost 2 times while Switzerland the largest decrease by 44.6%, compared to 2018.
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