Doing Business in Albania

EENI- School of International Business

Subject - Doing Business in Albania. Tirana

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

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

  1. To analyse the Albanian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Albanian market
  3. To analyse the trade relations of Albania with the student's country
  4. To know the free trade agreements of Albania
  5. To develop a business plan for the Albanian Market
The subject “Foreign Trade and Business in Albania” is studied...
  1. Doctorate: Europe
  2. Professional Master's Program (e-learning): International Business
  3. Course: CEFTA Countries

Recommendations for Albanian students

Course learning materials in English + Spanish Albania French Albanie Portuguese Europe.

  1. Credits of the subject “Doing Business in Albania”: 1 ECTS
  2. Duration: one week

Sample of the subject - Doing Business in Albania:
EFTA-Albania Free Trade Agreement

Description of the Subject: Doing Business in Albania

The Republic of Albania (Europe)

  1. Capital: Tirana
  2. Official Language: Albanian
  3. Area: 28.748 square kilometres
  4. Population: 2.7 millions of people
  5. Type of Government: Parliamentary Republic
  6. Borders of Albania: Greece, Montenegro, Kosovo and the Republic of Macedonia
  7. Religion in Albania:
    1. Islam (Sunnis): 79%
    2. Orthodoxy (Christianity)
  8. Albania, despite being a European country we will also assign it to the Islamic Civilisation (Central Eurasian Economic Area)
  9. Albania has signed the Cairo Declaration on Human Rights in Islam
  10. Fiqh (Islamic Jurisprudence): Fiqh-al-Hanafi
  11. Independence: 1912 (Ottoman Empire)
  12. In 1991, the Socialist Republic of Albania became the Republic of Albania

The 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 are a serious problem in Albania
  4. GDP (nominal): 30.660 millions of dollars
  5. GDP per capita: 11.885 dollars
  6. Currency: Albanian Lek
  7. Albania has the largest oil reserves (on land) in Europe
  8. Albania is the third world producer of chromium (10% of the world total)
  9. Mining: 40% of Albanian GDP.
  10. Entry of foreign investment in sectors such as energy and transport infrastructures
  11. 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 mines of copper, iron and nickel
  13. Albania requested accession to the European Union in 2009 (EU Enlargement)

The Albanian Foreign Trade.

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

International economic relations of Albania

Trade Relations European Union-Western Balkans

  1. Central European Free Trade Agreement (CEFTA)
  2. Organisation of Islamic Cooperation (OCI)
    1. Islamic Chamber of Commerce and Industry
    2. Committee for Economic and Commercial Cooperation
    3. Islamic Centre for the Development of Trade
    4. Albania has not ratified the framework agreement of the Trade Preferential System of the Organisation of Islamic Cooperation (TPS-OIC)
  3. Islamic Development Bank
  4. Albania is beneficiary of the Arab Development Funds
  5. Albania-Turkey Free Trade Agreement
  6. Free Trade Agreement between Albania and EFTA (Switzerland, Norway, Iceland and Liechtenstein)
  7. Albania-European Union Stabilisation and Accession Agreement (European Union-Western Balkans). EUROMED
  8. Organisation of the Black Sea Economic Cooperation (BSEC)
  9. Central European Initiative (CEI)
  10. Adriatic-Ionian Initiative
  11. United Nations
  12. International Chamber of Commerce
  13. World Bank
  14. World Trade Organisation
  15. Economic Commission for Europe (UNECE)
  16. International Monetary Fund (IMF)
  17. Regional Cooperation Council
  18. Organisation for Security and Cooperation in Europe (OSCE)
  19. Group of States of the Council of Europe Convention against Corruption (GRECO)

Examples of the subject - Foreign Trade and Business in Albania:
Central European Free Trade Agreement (CEFTA)

Adriatic-Ionian Initiative

European Union Enlargement

Islamic Chamber of Commerce

Albania-Turkey Free Trade Agreement.

Turkey-Albania Free Trade Agreement

Central European Initiative (CEI)



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