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Albania - Target for Investments.
Albania is a Mediterranean country in South Eastern Europe. It is confined by Montenegro to the north, Kosovo to the northeast, Macedonia to the east and Greece to the southeast. It has a coast on the Adriatic Sea to the west, and on the Ionian Sea to the southwest. Albania has a total area of 28,748 square kilometers. Its coastline is 362 kilometers long and extends along the Adriatic and Ionian Seas. Albania has a total area of 28,748 square kilometers. Albania has a population of 3 544 841 with a population growth of 1.06% per year. The Capital city of Albania is Tirana. Some of the main cities of Albania are Durrës, Shkodra, Lezha, Fier, Vlora, Saranda, etc.
Albania is a member of the United Nations, NATO, OSCE, Council of Europe, World Trade Organization and one of the founding members of the Union for the Mediterranean. Albania has been a potential candidate for accession to the European Union since January 2003, and it formally applied for EU membership on 28 April 2009.
Albania’s banking system received a boost with the introduction of international banks such as Raiffeisen Bank, Societte General, Intesa San Paolo, Credit Agricol, offering stability and financial opportunities with unlimited credit possibilities.
Albania’s tax system is very favorable for investors. The Albanian Government has signed many bilateral agreements for the encouragement and protection of investments in the Republic of Albania. According to the actual legislation, Albanian and foreign companies have unlimited access to real estate buying for business development purposes or real estate use.
There are many studies being conducted in urban areas mainly for tourism and infrastructure purposes along the Albanian Coast therefore the interest in Albanian real estate has been increasing making our country a very important target and a promising market for long term investment plans for individuals and businesses alike.
About Albania
Area: 28.748 sq. km.
Population: 3.500.000
Local time: GTM +1 ( GTM+2 between the end of April and the end of October )
Capital: Tirana ( population 553.435 )
Language: Albanian ( part of Indo – Europian family)
Political System: Parlamentary Republic
Religion: Muslim, Orthodox and Catholic
Airport: Rinas ( Mother Teresa)
Railways: 447 km
Geography and Borders
Albania situated on a border with Montenegro and Kosovo to the North and North East, FYR Macedonia to the East and Greece to the South. It is washed by the Adriatic and Ionian seas to the West and separated from Italy through the straight of Otranto, of 82 km.
Albania surprises the tourists with the diversity of its landscapes, which change quickly and dramatically.
Landscapes range from typical Mediterranean in West and South West , to mixed landscapes in central area, to steep mountains in the inner part of country. On the beautiful coast virgin and fine sandy and pebble beaches are to be found. The country is jeweled with plenty of beautiful inland lakes, natural lagoons, reserves, hunting grounds and SPA.
Climate
Albania has Mediterranean climate bescause of its muontainous character and broken relief , the climate varies throughuot the country. Albania is characterized by hot and dry summers, with bright sunny days and generally mild winters with abundant rainfalls. In Albanian Alps,in the northern part, the winters are cold and summers chilly. Normally the period from June to September is characterized by hot and sunny whether, while from October to May the weather is cool and wet. Notwithstanding that Albanian beauty can be appreciated around the year the best months to visit Albania are April, May and June as well as the period from mid-October. Required clothing : light clothing in summer and warm clothing in winter.
Currency
The banknotes are in denominations of Lek 5000, 1000, 500, 200, and 100. Coins are in denominations 50, 20, 10 and 5 Lek.
Currency Exchange : Many exchange bureaux will change foreign currency, but Banks offer the best exchange rates about 133 Leke per 1 Euro and 120 Leke per 1 US Dollar with slight variations
Local Time
GTM 1 ( GTM +2 between the end of April and the end of October)
Postal and Communication Services
Country Code: ++355
Zip Code: Tirana 1000.
Central post offices operate in Tirana, Durres and other cities performing a very fast service between Albania and other countries. The majority of accommodations have telecommunication services.
Professional Coordination and Representation in Every Step.
Egnatia Real Estate offers professional coordination of services in:
- Real Estate Investments
- Selling and Leasing negotiations
- Property assessment
- Financial and legal consulting
- Notaries assistance
- Technical consulting
- Administration and management
Our professional training provides for effective solutions for all burocratic procedures thus helping the clients in all transactional stages of the real estate business, representing them in every step during buying, selling, leasing, consulting, loaning, managing and the assessment of their assets.
During years of experience, we have acquired information and made contacts with many private businesses, which assist in the buying and selling of the industrial, touristic, residential and agricultural real estates that makes us leaders in this business field.
Egnatia has always been very successful in its collaboration with all national and international institutions, organizations and businesses- as well as with the main banks of Albania thus becoming the first contact for all developers in the country.