Doing Business in Albania

Syllabus of the Subject - Doing Business in Albania. Tirana.

1. Introduction to the Republic of Albania (Southeast Europe)
2. Albanian Economy: The third producer of chromium 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

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 country of the student
4. To know Albania's free trade agreements
5. To develop a business plan for the Albanian Market

Sample of the subject - Doing Business in Albania:

Description of the Subject (Online Learning): Doing Business in Albania

The Republic of Albania (Europe)

1. Capital: Tirana
2. Official Language: Albanian
3. Area: 28.748 square kilometres
4. Albanian 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. Independence: 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 a European country we will also assign it to the Islamic Civilisation (Central Eurasian Economic Area)

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. Albanian 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)

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 are 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

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 the corruption (GRECO)

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

Albania-Turkey Free Trade Agreement (FTA).

(c) EENI- Business School & Hispano-African University of International Business