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05-11-26
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SMEs, major contributors to Albania’s employment growth

TIRANA, October 11/ATA/-  Over 80% of the total employees in Albania work in small and medium-sized enterprises SMEs, which make up 99.8% of the active businesses in the country.

According to the official data published by the Bank of Albania (BoA), the sector with the highest number of employees in SMEs is the accommodation and food services accounting for 73.4%, followed by the manufacturing sector with over 37%.

While, the construction sector accounted for 30.1%, of the total employment in Albania.

At the today’s conference on “The Role of the Financial Sector as a Catalyst for Economic Growth” representatives from various public institutions and the banking sector discussed how to overcome obstacles, including implementation of public credit guarantee schemes.//a.i/

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