TIRANA, October 6 /ATA/ The 8th session of the joint inter-governmental commission “On Albania-Austria economic cooperation” started today in Tirana.
Minister of Finance and Economy Delina Ibrahimaj and Ambassador of Austria in Tirana Christian Steiner were present at opening of the proceedings of this session.
In her speech, Minister Ibrahimaj highlighted the significance of partnership with Austria and praised the very good cooperation between the two countries, not only in the political aspect, where Austria has supported Albania’s integration into the EU, but especially in the economy and trade.
According to the minister, there is potential for increasing economic cooperation between the two countries and increasing Austrian foreign direct investment in Albania.
“Austria is a valuable and important partner of Albania. Bilateral cooperation between our countries is excellent, with intense political relations and good economic and trade exchanges. In addition, Austria has always supported Albania’s path towards European integration “, stated Ibrahimaj.
While, the Ambassador of Austria to our country Steiner said that the exchange of information in the Joint Economic Commission provides ideas for promoting investment opportunities and identifying modalities for building partnerships that meet the common goal of prosperity.
The presence of Austrian investments in our country has increased since 2017, reaching a maximum of 64 million Euros in 2020.
Foreign direct investment contributes 8.4% of Gross Domestic Product, while they are mainly concentrated in the energy sector and the extractive industry.
At the end of the session, the parties will sign the protocol of the 8th session of the Joint Inter-governmental Commission “On Economic Cooperation Albania-Austria”./p.s./
