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FDI into Albania up 16% y/y in Q1

FDI into Albania up 16% y/y in Q1 Author: Citypark Tirana-Albania. Licence: All rights reserved.

TIRANA (Albania), June 24 (SeeNews) - Foreign direct investment (FDI) into Albania rose 16.4% year-on-year in the first quarter, to 272.6 million euro ($287 million), the central bank said on Friday.

The net inflow of FDI decreased by 9.8% in the January-March period, compared to the previous quarter, the central bank said in a report.

The biggest volume of foreign investment in Albania in the first quarter of 2022, of 32.9 million euro, originated in Germany, followed by Turkey with 30.2 million euro and Italy with 29.7 million euro.

The sectors which attracted the biggest volume of investment by non-residents in the January-March period were real estate activities with 58.9 million euro and electricity, gas, and water supply with 48.1 million euro.

The inflow of FDI in Albania rose to 1 billion euro last year, compared to 936.8 million euro in 2020.

($ = 0.9498 euro)

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