Albania Attracts 436 Mln Euro in FDI in H1, up 59% Y/Y

The figures testify to the trust of foreign investors in Albania’s government policy aimed at creating a friendly business environment, Deputy Economy Minister Eno Bozdo said in a statement.

FDI in Albania rose by 60% to 600 million euro last year.

Since January 2008 Albania has signed 3.5 billion euro worth of contracts with foreign investors for projects to be implemented by 2010. The Economy and Energy Ministry approved last year over 50 concessions for the construction of hydropower plants, with a combined installed capacity of 3,000 megawatts, almost twice the country's current capacity.

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