Transcript Manufacturing sector

Albania
Country Profile
General Information
Official Name: Republic of Albania
Capital City: Tirana
Main Cities: Durrës, Shkodër, Fier, Vlorë, Korçë, Berat, Gjirokaster, Sarande, Elbasan
Surface area: 28,748 sq. km
Length of Coastline: 316 km
Ports: Durrës, Vlorë, Shëngjin, Sarandë
Currency: Albanian Lek (ALL) Time zone: GMT +1 hour Official Language: Albanian
Location:
South-eastern Europe, bordering the Adriatic Sea and Ionian Sea with Italy, between Greece in the south,
Republic of Macedonia in the east and Montenegro and Kosovo to the north
Population
2.821,977 (INSTAT)
Literacy rate: 96.8 % (CIA 2011 est) Median Age: 31.2 years (CIA 2013 est) Life expectancy at birth: 77.77 years
Political System
Government: Parliamentary Republic Prime Minister: HE Mr. Edi Rama
President: HE Mr.Bujar Nishani
Climate: mild temperate (270-300 sunny days)
Natural Resources: petroleum, gas, solar energy, hydropower, wind energy, bauxite,
chromite, copper, iron ore, nickel, salt, timber
What you are proud in our Country
Hospitality
Religious Harmony
Traditions
Youth
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Economy
•
Rewarding
opportunities of
investments with public private partnership
•
Rewarding
opportunities of
investments in areas with
stability and sustain-able
growing sectors:
* Mining Industry
* Tourism
* Agribusiness
* Transport &
Logistics
* Manufacturing
* ICT Services
Albania: an increasingly free economic force
In the Heritage Foundation’s 2014 Index of Economic
Freedom, Albania’s score improved to 66.9 out of
100, making its economy the 54th freest economy in
the world. Its overall score increased as a result of
clear improvements in its investment and trade
freedom. The improvements mean that Albania is
now ranked above 18 European countries with an
overall score that is above the world average.
Standard &
Poor’s
Ratings
CreditWatch/Outlook Action
Sovereign Credit Rating
“On April 11,
2014, Standard &
Poor’s Ratings
Services revised
its outlook on the
Republic of
Albania to stable
from negative.”
Doing business 2014
Level of economic freedom
Globally, Albania has a good performance and is
ranked 14th out of 189 economies related to
investor’s protection
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Economy
Low Workforce Costs and High Availability
Albania not only offers a highly skilled workforce – it also offers some of the
lowest labour costs in Europe. Labour relations between employers and
employees are regulated by individual employment contracts in accordance
with the Labour Code of the Republic of Albania.
A Strong Banking Sector
• Albania has 16 commercial banks, 14 of
which are foreign owned including
Raiffeisen, Intesa San Paolo, Societe
Generale and Credit Agricole
• Foreign capital in the Albanian banking
system reached the level of 93%
• 75% of all invested capital comes from the
European Union
• There are no exchange rate restrictions in
Albanian
• Many powerful European
banking groups have
invested in Albania:
• Raiffeisen, Intesa San
Paolo, Pireaus,Societe
Generale,
Alpha,NBG,Procredit,
Credit Agricole, etc.
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Manufacture
Albania has a strong and vibrant manufacturing sector, shaped by a long and successful
Garment and Footwear Industry, which has established extraordinarily close relationships
with Italian partners, experts and buyers over the last 20 years.
Manufacturing sector:
• Average annual export is about
€428 million.
• Supplies to major brands and
retailers throughout Europe
• Main markets are Italy, Germany, France,
Holland, Denmark and Greece
KEY FEATURES OF GARMENT AND FOOTWEAR
INDUSTRY- MADE IN ALBANIA
• Highly skilled and cost-competitive workforce
• High quality products, reliable delivery
• Wide range of products for men, women, and children.
• Full cycle production - design, sourcing, pattern making, cutting,
finishing
• Experienced hand finishing, hand dying and hand sewing of
Shoes
•Accomplished Cut-Make and Cut-Make-Trim subcontractors
• New equipment and technological processes
• Rapid response to customer orders (short lead time)
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Tourism
L‘Express “ Albania: the new pearl
of the Balkans”
New light on Albania "by Swedish journalist, Kicki Lind
New York Times In recognition of its
outstanding natural beauty, Albania was listed
fourth on the New York Times’ “52 places to go
in 2014”. According to the article entitled “On a
rugged shore, Europe at its best”
Advantages
• Favorable
Geographical position, seasonal
climate
• Archaeological, historical and
religious sites
• UNESCO world heritage sites
• Stunning 316 km of Coastline
• Beautiful Lakes
• High mountains
• Lagoons, sand belts and sand
Opportunities
• Sun and Sea tourism
• Cultural tours
• Nature and Adventure
• Winter sports, air sports, fishing,
trekking,climbing,rafting
• Health tourism
• Golf courses
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Agriculture
There are many reasons to invest in the agriculture sector in Albania:
• We have fertile soil, a suitable climate and an abundant supply of
water, resulting in huge production potential
• We produce a range of produce including fruits and vegetables,
cooking oils, nuts, herbs and spices, fish and dairy products
• The recent development - and future potential - of organic
agriculture
• The rapid growth of national markets and the accessibility of regional
markets
• Preferential trade agreements with the EU on the increase in
exports
• 20,000 ha of agricultural land owned by the government
• Low labour wages
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Mining Industry
Mining industry has traditionally been the backbone of the Albanian economy.
With its rich mining history, considerable mineral reserves, untapped potential, and favorable investment
environment, Albania is emerging as a regional and European leader in mineral production
No. of companies: 764 local and foreign companies equipped with mining
licenses, 154 local and foreign companies equipped with mining license for search, search-prospection
and prospection. The major operators in the sector are foreign investors, mainly from Canada, Turkey,
Australia, Austria, UK, China, and U.S.A.
• Chromium
Energy Supply
• Copper
• Nickel
Actually
RENEWABLE ENERGY
HYDRO POWER only
Around 35-40 % , the rest payment
SOLAR ENERGY
Wind Energy
in accordance with
the strategy in 2020
according to
European Union
directives
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Strategic Planning
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Energy Use
Restructuring of the purchase price for energy from HEC
at an average stock price or market price.
Reforms of tariff restructuring .
Families 9.7 Lek/kwh (Subs. 300 kwh/m for families in
need -185.000 families)
Business in average 12 lek/kwh (10% increase)
Increase of receipts and reduction of arrears.
Payment of subsidies for the needy from the state
Budget
Cash in arrears from aqueducts.
Reduction of losses in the distribution sector in average
5 % per year with the target of 15% total by 2019
Albania used by its internal hydro power production only
renewable energy.
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Trends
Market liberalisation in accordance to the new strategy
1. Draft National Energy Strategy 2015-2030 will be completed in 2014 and
will determine:
2. Demand for energy by 2030 to ensure long-term economic and social
development of the country;
3. How to cover this demand for energy according to the principle of the
lowest cost;
4. Increasing energy efficiency in all sectors, in line with the country's
obligations to the EU directives;
5. Increasing the use of renewable sources in accordance with the country's
obligations under the Energy Community Treaty;
6. The introduction of natural gas after 2020, the implementation of the TAP
project;
7. Long-term development of energy prices and tariffs;
8. Regional cooperation and the creation of a regional
electricity market in the interest of the peoples of
the region;
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Energy Efficiency
1. Increase in a higher level of public service
obligations and consumer protection;
2. Increasing energy efficiency in all sectors, in line
with the country's obligations to the EU directives;
3. Structural separation of transmission activities
from the activities of production / supply in
vertically integrated companies;
4. Increase the power and independence of national
energy regulators;
5. The creation of new instruments to harmonize
market rules and market operation in all-European
level;
6. Creating a new institutional framework for
regulators (ACER) and broadcasting companies
(ENTSOs)
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