Economy

Only after 1997 Albania could undertake to migrate from a communist do a market economy. During the financial and economic crisis, Albania was able to achieve an annual growth of 5 percent.

It is important to distinguish between urban and rural Albania. Different contitions are given between south and north of the country, and also between the different sectors of economy. Agriculture is still a dominating factor, followed by trade and services, tourism, ITC, Mining and energy.

The urban area of Tirana / Durres takes advantage of a huge number of young and educated Albanians. Services (Finance, ICT, etc.) are driving the economy here. The average monthly income of government employees is still below 400,- € – not a good basis for the fight against corruption. Nevertheless, it is a clearly stated concern to force a change in attitude and to fight corruption, even with foreign assistance.

Some more aspects:

  • The everage citisen has difficulties to meet obligations such as taxes, energy wages.
  • Legal regulations contradict to all promises made during the election campaign.
  • Deregulation, enforcement of transparency and rule of law are cornerstones of the current government policy.

 

 
 

Sources Used

  • Auswärtiges Amt (http://www.auswaertiges-amt.de)
  • Bundesministerium Europa, Integration und Äußeres (http://www.bmeia.gv.at)
  • Wirtschaftskammer Österreich (http://www.wko.at)
  • Weltbank (http://www.worldbank.org)
  • International Monetary Fund (http://www.imf.org)
  • Ministria e Financave (http://www.financa.gov.al)
  • Prime Minister´s office (http://www.kryeministria.al)
  • Albanian Investment Development Agency (http://www.aida.gov.al)
  • Wikipedia (http://www.wikipedia.org)

  plus comprehensive research of our own