The stock of Foreign Direct Investments (FDI) in Albania reached 5.8 billion euro in the first quarter of 2017. The official data provided by the Bank of Albania (BoA) shows that the value of domestic assets owned by foreigners increased by 800 million euro.
According to BoA, investments in the sector of communication and information, which include telecommunication companies and call centers, rank first for attracting overseas investments.
The stock of FDI in this sector is 1.2 billion euro in the first quarter of 2017. Meanwhile, the second favorite sector of foreign investors is the gas and electric power industry. This sector includes investments on hydro power plants concessions and the Trans Adriatic Pipeline (TAP). BoA confirms that gas and electric power industry attracted more than 1 billion euro foreign investments during the first quarter of 2017. Meanwhile, the financial sector ranks third with FDIs of 952 million euro.
Currently, Greece remains the biggest shareholder in the Albanian economy. The value of assets owned by Greek companies in Albania reached the value of 1.2 billion euro. Moreover, Dutch investors rank second. The value of their investments in Albania is 870 million euro.