Business in Albania, Tirana, Albanian Economy

1. Introduction to the Republic of Albania (Southeast Europe)
2. Albanian Economy: The third chromium producer in the world
3. Business in Tirana
4. Albanian Foreign Trade
5. Investment in Albania
6. Access to the Albanian Market
7. Business Plan for Albania

The objectives of the subject “International Trade and Business in” Albania” are the following:

1. To analyze the Albanian Economy and Global Trade
2. To know the trade opportunities in the Albanian market
3. To analyze the trade relations of Albania with the country of the student
4. To know the Albanian Trade Agreements
5. To develop a business plan for Albanian Market

The Subject “Foreign Trade and Business in Albania” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Masters adapted to Albanian Students.

Languages: + Albania Albanie Albânia.

1. Credits of the Subject “Doing Business in Albania”: 1
2. Duration: one week

Albanian Preferential Access and Trade Agreements:

1. Albania and the Central Eurasian Economic Area
2. Central European Free Trade Agreement (CEFTA)
3. Black Sea Economic Cooperation
4. Central European Initiative
5. Adriatic-Ionian Initiative
6. RCC
7. Albania has not ratified the framework agreement of the Trade Preferential System (TPS-OIC)
8. Albania-Turkey Agreement
9. Albania-EFTA Agreement
10. Albania-EU Stabilization and Accession Agreement
    1. EU-Western Balkans
    2. EUROMED

1. WTO
   1. Agreement on Sanitary and Phytosanitary Measures
   2. Agreement on Trade in Services (GATS)
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. Convention on the Harmonization of Frontier Controls of Goods
4. CMR Convention (UN)
5. COTIF Convention
6. BIC
7. Chicago Convention (ICAO)
8. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
9. Customs Convention on Containers - not a member
10. Organization for Cooperation between Railways (OSJD)
11. CIM, CIT Rail Rules
12. Hamburg Rules
13. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
14. ICC

European Trade and Economic Organizations of Albania

1. UNECE
2. OSCE

1. Organization of Islamic Cooperation (OCI)
2. Islamic Development Bank
3. Albania is beneficiary of the Arab Development Funds

Global Organizations:

1. UN
2. WB
3. IMF

1. Capital of Albania: Tirana
2. Official Language: Albanian
3. Area of Albania: 28,748 km²
4. Albanian Population: 2.7 million people
5. Type of Government: Parliamentary Republic
6. Borders of Albania: Greece, Montenegro, Kosovo and the Republic of Macedonia
7. Independence of Albania: 1912 (Ottoman Empire)
8. In 1991, the Socialist Republic of Albania became the Republic of Albania

Religion in Albania:

1. Islam (Sunnis): 79%
   1. Albania has signed the Cairo Declaration on Human Rights in Islam
   2. Fiqh (Islamic Jurisprudence): Fiqh-al-Hanafi
2. Orthodoxy (Christianity)

Albania, despite being an European country, we will also assign to the Islamic Civilization (Central Eurasian Economic Area).

Albanian Economy.

1. The Republic of Albania is a transition Economy
2. During the communist period, Albania was the most closed and planned country of all, and its effects are still remarkable
3. The organized crime and corruption is a serious problem in Albania
4. Albanian GDP (nominal): 30,660 million dollars
5. GDP per capita: 11,885 dollars
6. Currency of Albania: Albanian Lek
7. Albania has the largest oil reserves (on land) in Europe
8. Albania is the third world chromium producer (10% of the world's total)
9. Mining: 40% of the Albanian GDP
10. Entry of foreign investment in sectors such as energy and Transport infrastructures
11. The main sectors of the Albanian Economy are agriculture, food processing, wood, petroleum, cement, chemical products, mining, base metals, hydroelectric power, tourism, textile industry, and footwear
12. Albania is rich in natural resources, has valuable copper, iron and nickel mines
13. Albania requested accession to the EU in 2009 (EU Enlargement)

Albanian Foreign Trade.

1. Albanian exports have increased by 300%
2. The main Albanian exports are textiles and footwear, asphalt, metals and metal minerals, petroleum, vegetables, fruits, and tobacco
3. Top Albanian exports destinations are Italy (43%), Kosovo, the U.S., and China
4. The main Albanian imports are machinery, food products, textiles, and chemical products
5. The main suppliers of Albania are Italy (33%), China, Greece, and Turkey

(c) EENI Global Business School (1995-2024)
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