Business in Albania, Tirana

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Syllabus of the Subject - Doing Business in Albania. Tirana (Course, Master)

1. Introduction to the Republic of Albania (Southeast Europe)
2. Albanian Economy: The third chromium producer in the world
3. Doing Business in Tirana
4. Albanian Foreign Trade
5. Foreign Direct Investment (FDI) in Albania
6. Access to the Albanian Market
7. Business Plan for Albania

Albanian Preferential Access and Free Trade Agreements

1. Albania and the Central Eurasian Economic Area
2. Central European Free Trade Agreement (CEFTA)
3. Albania has not ratified the framework agreement of the Trade Preferential System of the Organisation of Islamic Cooperation (TPS-OIC)
4. Albania-Turkey Free Trade Agreement
5. Free Trade Agreement Albania-EFTA (Switzerland, Norway, Iceland and Liechtenstein)
6. Albania-European Union Stabilisation and Accession Agreement (European Union-Western Balkans, EUROMED)
7. Organisation of the Black Sea Economic Cooperation (BSEC)
8. Central European Initiative (CEI)
9. Adriatic-Ionian Initiative

The objectives of the Subject “Doing Business in Albania” are the following:

1. To analyse the Albanian Economy and Foreign Trade
2. To know the business opportunities in the Albanian market
3. To analyse the trade relations of Albania with the country of the student
4. To know the Albanian Free Trade Agreements
5. To develop a business plan for Albanian Market

Example of the Subject - Doing Business in Albania:

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Description of the Subject: Doing Business in Albania

The Republic of Albania (Europe)

1. Capital of Albania: Tirana
2. Official Language: Albanian
3. Area of Albania: 28,748 square kilometres
4. Albanian Population: 2.7 million people
5. Type of Government: Parliamentary Republic
6. Borders of Albania: Greece, Montenegro, Kosovo and the Republic of Macedonia
7. Independence of Albania: 1912 (Ottoman Empire)
8. In 1991, the Socialist Republic of Albania became the Republic of Albania

Religion in Albania:

1. Islam (Sunnis): 79%
   1. Albania has signed the Cairo Declaration on Human Rights in Islam
   2. Fiqh (Islamic Jurisprudence): Fiqh-al-Hanafi
2. Orthodoxy (Christianity)

Albania, despite being an European country, we will also assign to the Islamic Civilisation (Central Eurasian Economic Area)

1. Economic Commission for Europe (UNECE)
2. Regional Cooperation Council
3. Organisation for Security and Cooperation in Europe (OSCE)
4. Group of States of the European Council Convention against Corruption (GRECO)
5. Organisation of Islamic Cooperation (OCI)
   1. Islamic Chamber of Commerce and Industry
   2. Committee for Economic and Commercial Cooperation
   3. Islamic Centre for Development of Trade
6. Islamic Development Bank
7. Albania is beneficiary of the Arab Development Funds
8. International Chamber of Commerce
9. COTIF Convention
10. United Nations (UN)
11. World Bank (WB)
12. World Trade Organisation (WTO)
13. International Monetary Fund (IMF)
14. Convention Relating to Temporary Admission

Albanian Economy.

1. The Republic of Albania is a transition economy
2. During the communist period, Albania was the most closed and planned country of all, and its effects are still remarkable
3. The organised crime and corruption is a serious problem in Albania
4. Albanian GDP (nominal): 30,660 million dollars
5. GDP per capita: 11,885 dollars
6. Currency of Albania: Albanian Lek
7. Albania has the largest oil reserves (on land) in Europe
8. Albania is the third world chromium producer (10% of the world's total)
9. Mining: 40% of the Albanian GDP.
10. Entry of foreign investment in sectors such as energy and Transport infrastructures
11. The main sectors of the Albanian Economy are agriculture, food processing, wood, petroleum, cement, chemical products, mining, base metals, hydroelectric power, tourism, textile industry, and footwear
12. Albania is rich in natural resources, has valuable copper, iron and nickel mines
13. Albania requested accession to the European Union in 2009 (EU Enlargement)

Albanian Foreign Trade.

1. Albanian exports have increased by 300% between 2008 and 2014
2. The main Albanian exports are textiles and footwear, asphalt, metals and metal minerals, petroleum, vegetables, fruits, and tobacco
3. Top Albanian exports destinations are Italy (43%), Kosovo, the United States, and China
4. The main Albanian imports are machinery, food products, textiles, and chemical products
5. The main suppliers of Albania are Italy (33%), China, Greece, and Turkey

Examples of the Subject - Foreign Trade and Business in Albania:

Albania-Turkey Free Trade Agreement (FTA).

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