TIRANA, Oct 6 /ATA/ – Austrian investments recorded a significant growth in the total of foreign investments during the first half of 2022 in Albania.
Austria ranks fifth largest foreign investor in Albania with a total of investments worth 556 million euros.
Data from the Bank of Albania show that Austrian investments during the first six months of this year in the country expanded by 33 million euros year-on-year.
A total of 100 enterprises with Austrian capital and joint capital operate in Albania, as economic ties between Albania and Austria have significantly intensified in the past few years.
Austrian investments in Albania are largely focused on the country’s financial sector, primarily on insurance sector and construction industry.
In the meantime, the number of Austrian tourists visiting Albania each year is increasing steadily.
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