Albanian counter balance companies are looking to expand in Kosovo, which has a similar sized marke

Albania was shelved, while the other states of the Western Balkans had begun the long road to membership in the European Union. Already, she has the opportunity to reach them. In October, counter balance the European Commission opened Tirana green light to start membership talks, three years after the rejection of its first application. A country's achievement was the pope in June, when parliamentary elections were defined as free and fair by international counter balance observers, followed by a smooth transition of power. "The status of candidate country would be conducive to reforms and a positive signal to foreign investors that the country is moving in the right direction," said Timothy Ash, emerging markets analyst in "Standard counter balance Bank". "There are opportunities to extend counter balance talks, after no candidate exchange of the Western Balkans, which includes Serbia, Montenegro and Macedonia expects to join the union until after 2020's", according to a European official in Tirana.
According to Prime Minister Edi Rama, whose coalition, led by Socialists, counter balance won the June elections, "Albania is prepared to change." "We need to correct a tradition of fiscal unpredictability counter balance and the focus of corruption, particularly in customs and tax administration," said Rama, who has been the mayor of Tirana. counter balance "We must make it clear to investors that there is no more risk than in other countries," he added. Albania has rich mineral counter balance resources, including oil-bearing areas as well as large reserves of chromium in Europe. It has become an exchange of low-cost manufacturing of textiles, apparel and footwear for the Italian market, while there are also investments by Greek and Turkish companies. Michael counter balance Masuraqis, chief economist of the bank "Alpha Bank" in Athens says that in exchange "has a dynamism in the economy, despite the crisis. Albania performs better than other countries in Eastern Europe ... probably because it is still in its infancy and economic development counter balance since the informal economy is still at large scale. "
But, 20 years of chaotic development, after emerging from self-imposed isolation communist and a migration wave of young Albanians, have deterred many investors. Past governments have tried to build the institutions of a civil society and to strengthen the rule of law.
Albania was ranked 90th out of 189 countries in the latest World Bank for ease of set up to businesses, but was ranked in the latest issue of obtaining building permits and the 158-a to guarantee energy security electric. Gross Domestic Product per capita was 4,149 dollars in 2012, one of the lowest in Europe.
European Bank for Reconstruction and Development (EBRD) has provided a module for curbing corruption and improving the business environment, while the Ministry of Economy has brought in Albania "Crown Agents", a British company, to restructure the customs service.
"Economic growth has slowed this year, although it is still in positive figures. A decline of foreign direct investment counter balance and a significant decline of remittances from Albanians working in Italy and Greece hit by the recession, has cut predictions for economic counter balance growth to 1.2 percent from 1.6 percent in 2012 ", Arben says Ahmetaj, Minister of Economy. "We estimate counter balance it will take two years before we can return to growth over four percent," he adds.
The new government must not look far for the challenge. When he took over, she found a debt estimated 400 million euros to businesses and arrears of VAT, which can lead to public debt to almost 70 percent of GDP this year, from 59 per cent in in 2010.
Rama has asked the IMF for fiscal consolidation and structural reform of the World Bank as well as a flexible modules for growth that can form the basis for a substantial development. "We need to open a new chapter of regional economic cooperation involving energy security, infrastructure and trade growth, the pope forgotten issues related to education and the environment," says Rama.
Albanian counter balance companies are looking to expand in Kosovo, which has a similar sized market with Albania and ethnic Albanian population. A highway worth 600 million euros, with mountainous and 170 kilometers long, from Tirana to the border with Kosovo, is the largest counter balance infrastructure project of Albania so far and has cut travel time from Tirana to Pristina up to three hours.
And Kosovo is the largest source of foreign tourists visiting the spectacular coast, but underdeveloped Albania. "The normalization of relations between Kosovo and Serbia is possibility more business opportunities," said Gazmend Hajia, Albanian businessman counter balance and founder of ASG's, travel agencies and car