TIRANA, Oct 10 /ATA/ Albania’s trade exchanges with Austria are reckoned at over 8 billion ALL during the first 8 months of this year.
Referring to the report on foreign trade recently published by INSTAT, Albanian exports reached over 3.5 billion lek, during the January-August period of this year, from 1.6 million lek that were in the same period of 2021.
Meanwhile, imports from Austria also increased. According to INSTAT, imports are reckoned at 4.5 billion ALL for the period, from 4.4 billion ALL during the 8- month period of 2021.
Economic relations between Albania and Austria have significantly intensified over the last few years.
The banking and insurance systems (about 70% of the market shares) are currently dominated by Austrian businesses. With setting to operation of the ASHTA hydropower plant in the north of Albania, Austria is represented in Albania in the field of energy.
During the last few 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 enterprises with Austrian capital operate in Albania (including joint venture enterprises).
There is also a great development potential in the field of tourism. The number of Austrian tourists visiting Albania every year is growing more and more. /j.p/sm/
