Invest in Albania: sectors that offer the best opportunities

Starting a business in Albania is convenient

In recent years, Albania has grown significantly and numerous foreign entrepreneurs are now deciding to invest in this country located on the Adriatic Sea. Many sectors of the Albanian economy allow inclusion without fear of much competition. In addition to tourism and textile industry that represent the main sources of income, Albania also relies on renewable energy, transport, and production in the mining sector. In this article, you can find useful information on the two main sectors: tourism and textile industry.

The textile industry represents one of the main sectors of investment in Albania. Since the first privatizations, that took place during the 1990s, Albanian textile companies have been able to build a strong reputation and are today very busy especially exporting their products throughout all Europe.

Meanwhile, tourism is definitely the sector that offers the best investment opportunities and it is increasing every year. Forbes magazine placed Albania as the state with the highest increase of visitors in 2018. Furthermore, there is a great demand for SPAs and wellness centers.

Of great importance will also be the future development of the construction sector, since the infrastructure is already rapidly developing and, it is expected, it will continue to improve every year. Currently only 32% of the country’s roads are paved, however, the government has already launched projects to improve the road connection between the main cities in the country.

Don’t miss the right time to open a company in Albania. What are you waiting for? Do not hesitate to contact Taxofia for more information: info@taxofia.com