FDI into Albania rises 9.1% in 2018 - Hydro Balkans
+44 207 394 30 90 (London)

FDI into Albania rises 9.1% in 2018

Main » News » FDI into Albania rises 9.1% in…

The inflow of foreign direct investments (FDI) in Albania increased to 981.6 million euro ($1.1 billion) in 2018, as compared to 899.9 million euro in 2017, according to central bank data published on Monday.
On a quarterly comparison basis, the net inflow of foreign direct investment also increased – to 263.8 million euro in the fourth quarter of 2018, from 221.0 million euro in the July-September period, the central bank said in a report.

The biggest volume of foreign investment in Albania in the fourth quarter, of 80.2 million euro, originated in Switzerland, followed by France with 43.7 million euro.

The sectors, which attracted the biggest volume of investment by non-residents in the October-December period of 2018 were electricity, gas, and water supply with 80.7 million euro and mining and quarrying with 57.8 million euro.

Currently, Albania’s economy is fed by two big energy projects – the construction of the Trans-Adriatic Pipeline (TAP) and works on a hydropower plant along the Devoll river.

Source: SeeNews

MORE:

Albania’s Age Erzen seeks construction permit for small HPP near Tirana

Albanian company Age Erzen has applied for a building permit for a small hydro power plant (HPP), the energy ministry said. The company plans to build a HPP of up to 2 MW on a tributary of Erzen river in Tirana region, the energy ministry said in a statement last week. Albania produces over 90%…


EBRD to invest €250M in Turkish energy sector in 2019

Turkey’s energy sector has been attracting around €250 million ($280 million) per year from the European Bank for Reconstruction and Development (EBRD) and the bank plans to maintain the same levels of financing in 2019 as well, Managing Director for Sustainable Infrastructure Group at the EBRD said on June 19. Nandita Parshad, managing director for…


ELSEWEDY ELECTRIC acquires a portfolio of renewable energy assets in operation in Greece

The completion date is expected to be on or before the 28th of June 2019 and subject to the normal terms and conditions for completing similar transactions Cairo, Egypt: ELSEWEDY ELECTRIC, a leading Integrated Energy and Infrastructure Solution Provider announces entering into a Share Purchase Agreement with R.F. Energy S.A. (a subsidiary of F.G Europe…