Referring to the data recently published by INSTAT, the import of machinery, spare parts and equipment increased by ALL 26.5 billion, compared to the same period last year showing a positive trend towards increased investment.

Imports for basic goods of manufacturing industries are associated with the expansion of activity of these sectors and the growing interest of the enterprise in the use of modern technologies that improve the quality of production.

Referring to INSTAT data, Italy, China and Turkey were the main partners with the largest volume in terms of import value of this category. A total of ALL 19 billion worth of machinery, equipment and spare parts were imported from Italy.

ALL 14.4 billion of machinery, equipment and spare parts were imported from China. While 5.2 billion ALL of machinery, equipment and spare parts were imported from Turkey.

According to official data, foreign investment in Albania reached 933 million euros at the end of last year.

The focus for the development of the Albanian economy will remain the attraction of foreign direct investments with priority in sectors where the Albanian economy has untapped potential both in terms of natural resources and in the development of sectors that are not yet performing with their full potential.

Such sectors are the renewable energy sector, the tourism sector, the agribusiness sector, the infrastructure sector and the services sector./p.s./

Import for the basic goods of the manufacturing industries are related to the expansion of the activity of these sectors and the growing interest of the entrepreneurship in the use of modern technologies that improve the quality of production.

Referring to INSTAT data, during 2020, Italy, China and Turkey were the main partners with the largest share of import volume in terms of value of this category. A total of ALL 32.9 billion of machinery, equipment and spare parts were imported from Italy.

ALL 24.3 billion of machinery, equipment and spare parts were imported from China. While 8.5 billion ALL of machinery, equipment and spare parts were imported from Turkey.

The influx of FDI in Albania has maintained a positive upward trend over the years. Despite the situation created due to the COVID-19 pandemic, Albania is still enticing to foreign investors.
Foreign direct investments during the period January-September this year are estimated at EUR 691 million.
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