We are an integral component of a vast regional market and have made significant strides in our negotiations to join the EU. Key sectors like energy, tourism, agriculture, and ICT are progressively gaining the attention of investors. Albania is emerging as a significant player in the energy market, not just through hydro sources but also in the realm of alternative energy sources.
Simultaneously, ICT is witnessing growing interest from foreign investors who are seeking local partnerships within the country, with ample capacities available for development. Albania serves as a prominent gateway to the Western Balkans. Its strategically advantageous location is well-established, and it boasts additional potential due to its relatively youthful and educated population. The people of Albania represent the country’s most valuable resource, and their expertise and capabilities play a pivotal role in various sectoral developments.
Albania is emerging as a significant player in the energy market, not just through hydro sources but also in the realm of alternative energy sources
To sum up the competitive advantages, here are some to consider:
1. Strategic Energy Position: Albania’s position in the energy market, especially with its diverse energy sources, makes it an attractive destination for investors.
2. ICT Development: The burgeoning ICT sector in Albania, combined with the readiness of local partners, creates a fertile ground for investment.
3. Tourism Resurgence: Albania’s tourism sector is witnessing a rapid resurgence, offering enticing investment opportunities.
4. Streamlined Bureaucracy: A new law for foreign investments is being prepared, and we are working through our committees to bring forth our recommendations that reflect the most crucial issues foreign investors face.
5. Educational and Workforce Development:
Albania is investing in education and vocational training to ensure that the country’s human resources meet the needs of U.S. businesses operating in the region.
Recognizing the fundamental role of women in decision-making, AmCham is actively participating in the “Empower Her” project, initiated by the U.S. Department of State in collaboration with the European network of American Chambers.
The project, currently underway, focuses on enhancing women’s representation in business leadership roles on boards.
In parallel with that, the UN Global Compact and UN Women have recently developed the Women’s Empowerment Principles, a set of Principles offering guidance to businesses on how to promote gender equality and women’s empowerment in the workplace, marketplace and community.
National facts
• As of 2024, Albania has made significant strides in promoting women’s participation in politics.
• Women hold a majority of government positions, with over 62.5% of the cabinet members being women.
• Additionally, the Speaker of the Albanian Parliament is a woman, further emphasizing gender equality in leadership.
• The Constitutional Court currently held a majority of women, and the chief justice was also a woman
• The representation of women in other political roles, such as local mayoral positions, remains lower, with only about 13% of mayors being women.
