Inward foreign direct investment has increased significantly in recent years as the government has embarked on an ambitious program to improve the business climate through fiscal and legislative reforms. Anarchy - a condition of lawlessness or political disorder brought about by the absence of governmental authority. An important gateway to the , Albania's ever-growing road network provides juncture to reach its neighbors in north south, east, and west. Caution must be maintained when utilizing this indicator in international comparisons. More theoretical background on the methodology behind this choice can be found across the posts in our and blogs. Recognizing these challenges, the Government of Albania in recent years has embarked on a broad-based reform program focused on macroeconomic and fiscal sustainability, financial sector stabilization, energy concerns, pensions, and territorial administration.
The is the only port of entry for air travelers to the country. The new model will need to help those with less access to economic opportunities to contribute to, and benefit from, economic growth. Note that not all airports have accommodations for refueling, maintenance, or air traffic control. This means that contractors have, among others duties, the obligation to maintain the same pavement and non-pavement conditions of these sections for the remaining years of the contracts, and payments will be made based on the achievement of those performance targets. The structure of Albania's productive capacity was clearly going to change radically as the government broke up collective farms and privatized state lands and enterprises and as managers adjusted to free-market conditions. This year, he was voted as the most influential economist in the world by Forbes magazine.
Albania has one of the lowest standards of living in Europe. To sustain this progress, the government plans additional reforms to improve the rule of law, encourage the growth of economic freedom, and ensure continued vibrant economic development. A strong labor market continues to support falling unemployment. However, with limited staff and resources, we simply cannot respond to all who write to us. The country is rich in natural resources, and the economy is mainly bolstered by , food processing, lumber, oil, cement, chemicals, mining, basic metals, , , textile industry, and petroleum extraction.
Contact Information By postal mail: Central Intelligence Agency Office of Public Affairs Washington, D. When all corridors are completed, Albania will have an estimated 759 kilometers of highway linking it with all its neighboring countries. This means that Albania offers the banking sector solid premises for business and growth. We will work to protect all information you provide, including your identity, and our interactions with you will be respectful and professional. The flags of independent states are used by their dependencies unless there is an officially recognized local flag. Recruiting will contact applicants within 45 days if their qualifications meet our needs. In the mountainous areas, approximately 51 km of new access roads will be constructed while 41 km of existing roads will be upgraded, 42 bridges refurbished and three new bridges built.
By 1991, a chain reaction of supply shortfalls had paralyzed the entire economy, and Albania cried out for humanitarian aid, this time from the West. Electrification data — collected from industry reports, national surveys, and international sources — consists of four subfields. Mobs stormed warehouses, factories, bakeries, flour mills, shops, and hotels, taking everything they could carry and destroying much of what they could not. In the end, the agency in question predicts public debt to register a slight drop to 67. Changes in the dependency ratio provide an indication of potential social support requirements resulting from changes in population age structures. A weakening of government resolve to maintain stabilization policies in the election year of 1996 contributed to renewal of inflationary pressures, spurred by the which exceeded 0. At this phase, the reduction of concentration and the diversification of credit portfolios are key elements.
Main data source: All values, unless otherwise stated, are in. A compressor station will be built near , and an additional compressor is planned near Bilisht should capacity be expanded to 20 billion cubic metres bcm. A cumulative 125 basis points increase in the policy rate since July 2006, has maintained positive real interest rates, buttressed by timely regulatory tightening Notwithstanding last years drought, growth remained around potential and has become more broadly based. This trend continued with the privatization of transport, services, and small and medium-sized enterprises. Embassy or Consulate and ask for the information to be passed to a U. Banking activity continued to expand, and the banking sector continued to be well capitalised, liquid and profitable. The description subfield provides the legislative structure unicameral — single house; bicameral — an upper and a lower house ; formal name s ; number of member seats; types of constituencies or voting districts single seat, multi-seat, nationwide ; electoral voting system s ; and member term of office.
Cellular telephone system - the telephones in this system are radio transceivers, with each instrument having its o. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. Agriculture includes farming, fishing, and forestry. The two plants are expected to be completed in 2016 and 2018. Read more about Albania Economy. The Albanian Devoll Hydropower company is currently built two hydroelectricity plants on the river near and.
Nations use different standards and procedures in collecting and adjusting the data. The index is the ratio of a the area between a country's Lorenz curve and the 45 degree helping line to b the entire triangular area under the 45 degree line. This requires that you design and set up relevant structures, processes and products, and plan for adequate financial resources. Statistics vary from country to country and may include users who access the Internet at least several times a week to those who access it only once within a period of several months. Albania managed to weather the first waves of the global financial crisis but, the negative effects of the crisis caused a significant economic slowdown. More information about Albania is available on the and from other Department of State publications and other sources listed at the end of this fact sheet. Revenues are expected to increase by 0.
Embassy or Consulate and inform a U. Industries employ almost 15 percent of the labor force. . Ironically, Albania possesses significant fossil fuel and mineral deposits, including oil and chromite, as well as a topography and annual rainfall suitable for generating hydroelectric power. The growth rate is a factor in determining how great a burden would be imposed on a country by the changing needs of its people for infrastructure e.