03/02/10 - Albania , Albania - a force to be reckoned with. Please read my facts as to why 2010 really is the time to be looking at our forgotten land.
Investment in Real Estate is beginning to gather pace and is heading towards the highs of 2007 / 2008.
Still a medium to long term investment with great potential for capital growth and yield in desirable locations as seen on our site.
Albania's economic growth over the last four years has been higher than at any time in the last 100 years - with projected growth for 2010 the highest in the Europe - due to a series of government initiatives in recent years that have helped Albania to cope with the impact of the world recession.
Albanian economy has been able to progress despite a number of significant shocks in the world's economy.
Albanian GDP growth has averaged 10% percent annually. Projected GDP growth for 2010 is the highest in the Europe and follows its peak growth rate in 2007-2008.
Mr Berisha has doubled the budget, raised salaries, lifted Albanians from the poverty line and done an amazing job on the education system. Albanian tourism and investments is flourishing.Albania recently witnessed an impressive growth in tourism this year.
The government of Albania announced that there was a 42 percent increase in the number of tourists visiting the country compared to last year. With new hotels, resorts, bars and restaurants, the Albanian private sector in tourism has been growing an average of 30 percent for five years.
The Albanian economy had the best growth in Europe last year, and this trend is expected to continue this year as well. Foreign investments in Albania increased 59 percent in 2009.
The Albanian government under Prime Minister Berisha, has created an excellent environment to attract investors to Albania. Special emphasis was paid on constructions of roads and improving infrastructure. The efforts on improving the legal system to protect investors also proved significant. Also that many Western European companies have chosen to escape the high taxes in Europe by investing in Albania as the latter offers the best tax system in Europe with a 10 percent flat tax.
Albania is one of the wealthiest lands in natural resources per square mile in the world. With amazing mountains, beaches, lakes, rivers, forests, and rich soil. Underneath this land lies billions of prooven barrels of oil, natural gas, gold, platinum, copper, the largest chrome reserves in Europe, bauxite, nickel, cobalt, magnesium, ores, marbel, granite,coal and much more. Albania is rapidly building its infrastructure.
Albania In the near future it will be the only country in the world to produce 100% of its energy from Hydropower, Windpower and Solar Power. Billions of dollars are being invested there presently. This almost free enviromently friendly energy will create opportunities to mine and process billions of tons of minerals.
