TIRANA, June 7 /ATA/ / Trade exchanges with Croatia are estimated at over 5 billion ALL during the first 4 months of 2022.
According to data published by the Institute of Statistics (INSTAT) during the period January-April 2022, exports amounted to over ALL 3 billion from ALL 972 million in the first 4 months of 2021, while imports hit ALL 2.2 billion, from ALL 2.1 billion in the previous year.
Albania exports to Croatia aluminum, footwear, seafood and vegetables, while it imports mainly oil, fish products, electric transformers and chocolates.
Scope of interest for cooperation are energy, tourism, mechanical, electrical and electronic engineering, pharmaceuticals, food, textiles and footwear and especially construction.
Croatia is one of the most important countries in the Balkan region, as it is the axis that connects Tirana with Europe via land.
Albania and Croatia are part of several strategic projects for the region, such as the Adriatic-Ionian Corridor, the so-called Blue Corridor, the IAP (Ionian-Adriatic) pipeline, as well as have increased cooperation in the field of tourism and other areas of common interest.
Albania also presents great investment opportunities, as the fiscal burden on foreign investors is among the lowest in the region. The Albanian government has set up an agency (AIDA), which assists every foreign investor from the first steps.
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