General Facts
- Total area: 28,748 sq. km, coastline 362 km
- Coastline bordering the Adriatic and Ionian Seas
- System of government: Parliamentary democracy
- Head of State: President, elected by parliament every five years
- Currency: Albanian Lek (ALL)
- Official Language: Albanian
- International telephone prefix: + 355
- Population: 3.64M (est. July, 2009)
- Median age ~ 30 years
- Life expectancy at birth 78 years
- Albanian capital: Tirana with 850K – 900K inhabitants
Additional Albanians in:
- Kosova (88%) =>1.87M
- Macedonia (25 %) => 0.52M
- Total Albanians in the region ~ 6 million
Natural resources:
- Mining: chromium, copper, iron ore, nickel, bauxite
- Petroleum, natural gas, coal
- Limestone, salt, timber
- Water
Vision & Strategic Goals by the Government
“To be the most attractive country for foreign investment in the region”
Package of measures to encourage investments
“Move quickly towards a more open and liberal model”
Paving the way for European Integration
- Parliamentary Democracy
- Albania to become a member of the EU by 2014-15
- An agreement was signed in 2006 to enter into the EU Association process, and pending ratification from the 25 member states
Credit insurance rating:
- Political Risk: 3 (1 = best; 7 = worst),
- In global financial market: B1, Moody’s classified as a country of “stable outlook”, (Dec., 2009)
- The enactment rule of law is foundation of free society
- All new laws are in accordance with western standards
- Next elections in June 2013
