Open Data Albania has updated its data about the stock of Foreign Direct Investments (FIDs) in the Albanian economy based on the information published by the Bank of Albania. The stock of FIDs represents the level of Direct Investments at a certain time. In other words, the stock of FIDs represents the value of assets owned by foreigners in the Albanian economy in the form of capital and net loans they have given to resident companies.
At the end of 2017, the stock of Foreign Direct Investments in the Albanian economy amounted to 6.5 billion euro, which was the highest value in history. The value of assets owned by foreigners in Albania has kept increasing from one year to another, and from 3.9 billion Euro in 2012, it reached 6.5 billion Euro at the end of the last year.
Data: BOA
Processing and Analysis: Open Data Albania
Open Data Albania has also investigated into the origin of the FIDs in Albania, their values, and years. Greece continues to have the largest direct investments made in the country, with 1.28 billion Euro (19.6% of the total) by the end of 2017.
Other countries, which have made significant direct investments in Albania include Switzerland by 13.6 per cent, Canada also by 13.6 per cent, and the Netherlands by 13%. Italian and Turkish companies own respectively 10 per cent and 8 per cent of FIDs in Albania, while Austria owns 6.4 per cent.
Data: BOA
Processing and Analysis: Open Data Albania
Greek investments in the country focus mostly on the banking system, telecommunication, and manufacturing. Regarding Canadian investments, the overwhelming majority is represented by Bankers Petroleum, while the Swiss investments consist only of the Trans-Adriatic gas pipeline.
It is interesting to see how the stock of FIDs has changed by countries of origin. The data show that Greece has had more or less a constant level of FID stock over the last three years. Switzerland, on the other hand, has increased its investment in Albania by 10 times over the last three years, from 79.4 million Euro in 2014 to 888.3 million Euro at the end of 2017.
The Netherlands is a country, which is investment increasingly more in Albania. The stock of Dutch investments in the country increased from 506 million Euro 2014 to 845.7 million euro at the end of the last year by almost 70 percent.
In the case of Switzerland, the investment increase is mostly dedicated to the Trans-Adriatic gas pipeline, while in the case of the Netherlands, such increase comes mostly from the oil company, Shell, as well as from a series of concessionary companies (public-private partnerships), which are in Albania, but come from the Netherlands.
Download excel: Stock of FIDs by country of origin 2012 – 2017Comment and Analysis: Open Data Albania
Translated by: Etleva Kondakçi
