Albania is listed 4th on “52 Places to Go in 2014” by New York Times

Choosing Albania for a nearshore location in Eastern Europe

  • Competitive outsourcing country
  • Educated, skilled, certified and motivated IT professionals
  • Cost competitive young workforce – more than 57% of the population is under the age of 35
  • Proficiency in languages (English, Italian, German)
  • Excellent geostrategic location in South-Eastern Europe – Connection to Europe and the Balkan region
  • Compliance with EU legislation
  • European culture and business similarity
  • NATO member country since April 2009
  • Completely open economy and highly liberalized foreign trade
  • Around 116,292 students enrolled in the universities annually
  • Big corporations such as Ernst & Young, Vodafone, PWC, Shell, KMPG, Microsoft, Oracle, CISCO, Statkraft have its presence in Albania
  • The government first focus is the IT sector, supported by: the excellent quality of technical universities, huge investment in e-government services, tax incentives for foreign investments and many ICT organizations

Choosing Albania for a nearshore location in Eastern Europe

  • The only economy in the region that did not go through a recession period
  • Listed 4th  on “52 Places to Go in 2014” by New York Times
  • Top Destinations 2012 – “Frommer’s Travel Guide”
  • The first of the 10 best places to visit (2011, Lonely Planet)
  • Excellent infrastructure in transportation, direct flights to most EU countries
  • Time zone: GMT +1 hour
  • Memberships: WTO, SAA, CEFTA, EFTA
  • Strong positive economic growth over the recent years
  • Albania ranks 68th  out of 183 economies on ‘Ease of doing business’ (“Doing Business, June 2014” by the World Bank)
  • Albania’s economic freedom score is 65.1 making its economy 57th  freest in the world out of 164 economies (Index of Economic Freedom, 2012)
  • Corporate tax rate of 15% and personal tax rate from 0 to 23%
  • VAT of 20% and reduced 10% VAT on other services
  • Ports: Durres with a movement of goods for 2011: 3526114 tones and 853748 passengers
  • The ports of Durres and Vlora are among the most important ports in the Balkans and entry points for the “Corridor 8”