TIRANA, August 11/ATA/ Albania significantly increased exports to Austria during the first half of the current year.
Referring to the report on foreign trade recently published by INSTAT, Albanian exports reached 1.1 billion Lekë during the period January-June compared with 767 million Lekë in the first half of 2020.
Meanwhile, imports from Austria also increased. According to INSTAT, imports are estimated at 3.1 billion Lekë for the period, from 2.3 billion Lekë that were during the first 6 months of 2020.
Economic relations between Albania and Austria have significantly intensified in recent years.
In particular, the banking and insurance systems (about 70% of the market shares) are currently dominated by Austrian businesses. While the ASHTA hydropower plant in the north of the country is put in operation, Austria is represented in Albania in the field of energy, too.
In recent years, Austria ranks among the leading countries in the list of foreign investments in Albania.
Currently, the amount of Austrian investments in Albania is estimated at around 554 million Euros. A total of 100 companies with Austrian capital (including joint ventures) operate in Albania.
In the field of tourism there is also a great potential for development. The number of Austrian tourists visiting Albania every year is growing more and more./p.s./
