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Capital: Tiranë
Population (2005): 3.563.000
Size: 11.101 sq.mi.
Geography
Albania is rugged and mountainous, except for the fertile Adriatic coast. Mt. Korabit (9,066 ft/2,763 m), on the Macedonian-Albanian border, is the highest point in the country. The coastal climate is typically Mediterranean, with hot, dry summers and mild, wet winters. The mountainous interior, especially in the north, has severe winters and mild summers. The chief rivers of Albania are the Drin, Mat, Shkumbin, Vijose, and Seman, but they are mostly unnavigable. More than one third of Albania's land is covered by forests and swamps, about one third is pasture, and only about one fifth is cultivated. In addition to Tiranë, other important cities are Vlorë, Durrës, Shkodër, and Korçë .
Economy
Grains (especially wheat and corn), potatoes, vegetables, fruits, and sugar beets are grown and livestock is raised. Albania is rich in mineral resources, notably petroleum, natural gas, coal, bauxite, chromite, copper, iron ore, nickel, and salt. Agricultural processing, oil, mining, and the manufacture of textiles, clothing, lumber, cement, and chemicals are among the leading industries. Iron and steel plants have been developed, and the country has several hydroelectric stations.
Foreign trade is carried by sea, Durrës and Vlorë (also the terminus of the oil pipeline) being the major ports. Albania exports textiles and footwear, mined natural resources, foodstuffs, and tobacco and imports mostly machinery, other industrial products, and consumer goods. Its chief trading partners are Italy and Greece. In the early 1990s Albania joined the International Monetary Fund and the World Bank.
*Columbia Encyclopedia, Sixth Edition, Copyright (c) 2007. | |
Quick Facts about Albania
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Capital and largest city: Tiranë
Official language: Albanian
Goverment: Republic
Independence: From the Ottoman Empire on November 28, 1912
Area Total: 28.748 km2
Water (%) : 4,7
Population (July 2007) : 3.600.523
Currency: Lek
Time zone: CET (UTC +1)
Summer time (DST): CEST (UTC +2)
Calling code: +355 |
ALBANIA PROPERTY EU, your source for ALBANIA REAL ESTATE!!!
Albania is known to be the "Switzerland of the Balkans". This beautiful country with a rich history is situated across the water from Italy and bordering Greece. From its lovely beaches running up from the south to the historical protected sites, the huge snow covered mountain ranges and the busy cosmopolitan Capital city of Tirana, Albania offers that very special place for everyone's taste.
In addition, Albania benefits from land and property being cheaper than most of its eastern European neighbours. Albania is now finally been recognised as a country offering huge potential gains in real estate investments. Investors are coming now to Albania to look at what it has to offer and have become aware that it will follow the same property boom as in Croatia and in Montenegro. Therefore, now is the time to invest in this beautiful country, so don't miss the opportunity while prices are still very low. |
Albania is divided into twelve counties. Each county is suvdivided into several districts:
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| 1 |
Berat |
Berat , Kuçovë , Skrapar |
Berat |
| 2 |
Dibër |
Bulqizë , Dibër , Mat |
Peshkopi |
| 3 |
Durrës |
Durrës , Krujë |
Durrës |
| 4 |
Elbasan |
Elbasan , Gramsh , Librazhd , Peqin |
Elbasan |
| 5 |
Fier |
Fier , Lushnjë , Mallakastër |
Fier |
| 6 |
Gjirokastër |
Gjirokastër , Përmet , Tepelenë |
Gjirokastër |
| 7 |
Korçë |
Devoll , Kolonjë , Korçë , Pogradec |
Korçë |
| 8 |
Kukës |
Has , Kukës , Tropojë |
Kukës |
| 9 |
Lezhë |
Kurbin , Lezhë , Mirditë |
Lezhë |
| 10 |
Shkodër |
Malësi e Madhe , Pukë , Shkodër |
Shkodër |
| 11 |
Tirana |
Kavajë , Tirana |
Tirana |
| 12 |
Vlorë |
Delvinë , Sarandë , Vlorë |
Vlorë | |
Main Reasons to Invest in Albania
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The fantastic location, comprehensive facilities and high build quality combined with excellent value for money will create a strong demand immediately and ensure an excellent rental and re-sale return for the future.
- Take first mover advantage!
- Personal ownership and co-ownership (no company need)
- Several large European banks already in Albania
- NO Transfer tax and Public Notary fees < 1%
- NO capital gain tax - NO inheritance tax
- NO withholding tax on repatriation
- NO VAT, state or wealth taxes
- NO foreign restrictions
- High capital growth
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Albania's low inflation, budget surplus and stable government is attracting investment
EU/ World Bank/ EIB funds are budgeted to rise from €150m (2006) to more than €1bn by 2010
Upgraded roads and a new terminal at Tirana airport increase
accessibility
GDP Growing at a healthy 6% per year and set to accelerate
Just 2/3 hours from Western Europe (direct BA flights)
EU Pre-accession Assistance will provide a total of €11 billion over the period 2007-2013
New 2 way roads to Vlora and a new terminal at Tirana airport increase accessibility
GDP Growing at a healthy 6% per year and set to accelerate |
Conclusion About this Exciting Investment Potential
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We believe that investing in Albania is an exciting investment opportunity specially because of the ever-increasing demand for seaside properties in the Adriatic and the restricted supply of land for development. The rewards that can be gained from investing in this beautiful country are easy to see. Now is the time to invest in this beautiful country meanwhile the prices are still much lower than in other countries with similar characteristics and location. |
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