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Foreign investment, Albania expects record numbers this year

Foreign investment, Albania expects record numbers this year

Foreign investment is expected to recover again in record numbers this year.

Minister of Finance and Economy, Arben Ahmetaj stated during a press conference that the overall improvement of the external position of the Albanian economy continues.

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According to him, the overall balance of payments marked an increase, reaching 185.4 million euros.

“Foreign investment flows rose 62% in the first quarter of this year, compared to the 2017 quarter. We expect foreign investments to be a record this year,” he said.

He also responded to the allegations raised by the opposition that the high level of foreign investment is linked to the two major investments TAP and Devoll.

“Foreign investments are moving steadily. The stock of foreign investment in 2015 is estimated at 5 billion euros, while in December 2016 it is 6.5 billion euros. We have increased by 16%, “he said. 

News Source: ATA

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