canadian – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Tue, 06 Jul 2021 07:15:50 +0000 en-US hourly 1 Canadian investments rise to 1.6 billion euros in Q1 https://en.ata.gov.al/2021/07/05/canadian-investments-rise-to-1-6-billion-euros-in-q1/ https://en.ata.gov.al/2021/07/05/canadian-investments-rise-to-1-6-billion-euros-in-q1/#respond Mon, 05 Jul 2021 20:05:19 +0000 http://en.ata.gov.al/?p=154649 TIRANA, July 5 /ATA/ – Albania offers a very friendly legal framework to attract foreign investments.

Foreign direct investment inflows are pursuing an upward trend in recent years, supporting sustainable growth of the domestic economy.

Central bank data show that Canadian investments in Albania rose to 1.6 billion euros in first quarter of 2021. Leading Canadian companies operate in Albania’s strategic sectors of energy, mining and infrastructure.

Bank of Albania said that investments from the EU member states account for 54.2% of the total of FDI stock in Albania, with investments from Switzerland accounting for 18.9% of the total, Netherlands 16.2%, Canada 12.8 %, Italy 9.6 % and Turkey 7.2 %.

Foreign investments mainly focus on energy, mining, IT and communication sectors, financial services etc.

Statistics show that around 12,944 foreign companies operate in the territory of the Republic of Albania.

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