24/11 Albania's path towards EU membership is going well. This week, European Union Officials have officially accepted Albania's formal application for membership, and the European Commission will now submit an opinion on Albania's bid.

The chances of Albania becoming an EU member are relatively good, because of the country's continued reform process, and it continued investment in infrastructure and the welfare of its people.

Between 2002 and 2006 Albania successfully brought 1 quarter of its poorest people out of poverty. This led to its classification being upped to a middle income country, which meant it could then apply for loans from international financial institutions as oppose to relying on hand-outs from the likes of the World Bank and International Monetary Fund.

It is expected that by 2016 at the very latest Albania will find itself as a fully fledged member of the European Union giving a visa free and easy access to all European visitors.

The tide gradually turns for Albania and with the support of increased tourism year on year and a relatively stable economy, hugely improved infrastructure, access and the export of energy and raw material make an investment in Albania still a long term winning formula.

Information courtesy of www.property-abroad.com