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15 July 2015

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Albania's FDI Inflow up by 7.3 Pct in First 9 Months 2019: Minister

2019-12-12 Download Print Comment
TIRANA, Dec. 11 (Xinhua) -- In the first nine months of 2019, Foreign Direct Investment (FDI) in Albania increased by 7.3 percent, compared to the same period last year, Finance and Economy Minister Anila Denaj said on Wednesday in a post on Facebook.
 
According to Denaj, in January-September 2019, FDI in Albania amounted to 810 million euros (around 898.6 million U.S. dollars), reaching the highest historical level of foreign investments for the country.
 
Denaj said this increase in FDI confirms the government's projections that in 2019 FDI will exceed 1 billion euros in total.
 
Quoting the statistical data of the Bank of Albania, Denaj said that "In the third quarter of 2019 the FDI increased by 1.3 percent, reaching 272.2 million euros, compared to 268.6 million euros in the third quarter of 2018."
 
According to the minister, last year in Albania FDI totalled a record 1 billion euros.
 
The majority of foreign investment in Albania is focused on four sectors, namely energy, extractive industry, real estate and the financial sector. (1 euro = 1.109 U.S. dollars)
 
Source: Xinhua