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| Albania - Target for Investments. |
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Albania is a Mediterranean country in South Eastern Europe. It is confined by Montenegro to the north, Kosovo to the northeast, Macedonia to the east and Greece to the southeast. It has a coast on the Adriatic Sea to the west, and on the Ionian Sea to the southwest. Albania has a total area of 28,748 square kilometers. Its coastline is 362 kilometers long and extends along the Adriatic and Ionian Seas. Albania has a total area of 28,748 square kilometers. Albania has a population of 3 544 841 with a population growth of 1.06% per year. The Capital city of Albania is Tirana. Some of the main cities of Albania are Durrës, Shkodra, Lezha, Fier, Vlora, Saranda, etc. Albania is a member of the United Nations, NATO, OSCE, Council of Europe, World Trade Organization and one of the founding members of the Union for the Mediterranean. Albania has been a potential candidate for accession to the European Union since January 2003, and it formally applied for EU membership on 28 April 2009. Albania’s banking system received a boost with the introduction of international banks such as Raiffeisen Bank, Societte General, Intesa San Paolo, Credit Agricol, offering stability and financial opportunities with unlimited credit possibilities. Albania’s tax system is very favorable for investors. The Albanian Government has signed many bilateral agreements for the encouragement and protection of investments in the Republic of Albania. According to the actual legislation, Albanian and foreign companies have unlimited access to real estate buying for business development purposes or real estate use. There are many studies being conducted in urban areas mainly for tourism and infrastructure purposes along the Albanian Coast therefore the interest in Albanian real estate has been increasing making our country a very important target and a promising market for long term investment plans for individuals and businesses alike.
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