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Country data

Population:
3.2 million
Area:
28,700 sq km
Capital:
Tirana
Currency:
Lek

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.

Albania

Key facts about the EBRD's work in Albania

No. of projects

66

Net EBRD investment

€795 million

Cumulative disbursements

€622 million

Portfolio in private sector

51%

 

Last updated 31 March 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

CONTACTS

Torre Drin Building, 4th Floor
Abdi Toptani Street
Tirana
Albania
Tel: +355 4 2232 898
Fax: +355 4 2230 580