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Country data

3.2 million
28,700 sq km

Key developments and challenges

  • The economy has slowed considerably over the past year. GDP grew by only 1.6 per cent in 2012, notably lower than in recent years, when the economy generally expanded by over 3 per cent annually. The weak performance, which is, to a large extent, due to external developments, has continued into 2013.  
  • Progress on the key remaining privatisations has been mixed. The sale of the four hydropower plants – Ulez, Shkopet, Bistrica 1 and Bistrica 2 – was completed in early 2013, after previous failed attempts. However, the privatisation of the oil company, Albpetrol, was cancelled because of tender irregularities.
  • Albania’s European Union (EU) membership aspirations received a boost in 2013. The European Commission has recommended that Albania be granted EU candidate status, on the condition that it continues to fight corruption and organised crime.

Albania in the 2013 Transition Report

Taxi driver in Albania

Our work in Albania

In Albania we are focusing on small production enterprises, developing natural resources and improving infrastructure.


Key facts about the EBRD's work in Albania

No. of projects


Net EBRD investment

€796 million

Cumulative disbursements

€633 million

Portfolio in private sector



Last updated 30 June 2014

View factsheet

Our strategy in Albania

The EBRD is one of the most active financiers of the private sector in Albania. Its main areas of focus are supporting small production enterprises, supporting the financial sector, developing natural resources and improving infrastructure. The Bank is also engaged in policy dialogue with the Albanian government, with the potential to invest in key public sector projects, along with the implementation of numerous donor-funded projects in the country.

Learn more


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