Investors Testimonials
“The cost of doing business in Albania is very competitive, both in terms of labour and general overhead costs. Moreover, the Albanian workforce is high in quality and motivation.”
CFO, Albanian Mobile Communication (Greece), employing 300 specialized staff
“We have found that the Albanian workforce has a good ability to adapt and train quickly in new working environments … we have access to a quality labour population, a high level of university graduates as well as high levels of language skills.”
Head of Human Resources, Raiffeisen Bank (Austria)
"We are the bank of choice in Albania for all sectors of the community – private individuals and businesses. We provide banking services through 94 branches and 145 Bankomats throughout Albania. We are number one on all the major market share measures. The total investment in Albania is now over 200 million USD. Raiffeisen Bank has increased the number of staff from 2004 by 30% to 1340.We are very happy with our results in Albania and can confirm that Albania is now part of the fast growing economies in South East Europe".
Steven Grunerud, CEO Raiffeisen Bank (Albania)
“One of Albania’s main strengths is a low cost labour environment, set inside a now tolerant and progressive regime. We find there is a high availability of people with good language skills in Albania, especially in English and Italian.”
Human Resources manager, mobile phone operator Vodafone (UK)
Download a PDF highlighting the opportunities for business process outsourcing in Albania
"Alumil Albania" Sh.p.k. was established in 1998 to produce and trade aluminum accessories and profiles, as well as various metal parts. During 2003 (Euro 1.5 million.) and 2004, a total of euro 8 million investment has been scheduled, 1.5 million Euro granted by the Hellenic Government and E.U., for an integrated industrial site, that is, extrusion line, powder-coating and foundry installations. The company holds a 21,465 m2 land plot within wider capital Tirana area. The subsidiary was established to strategically support and promote sales of architectural and industrial profile in Eastern Europe and the Balkans. In January 2004 we had 11 workers, actually we have 142.Turnover in 2004 was 2, 1 million Euro; in 2006 was 11, 9 million Euro. Alumil Exports are oriented mainly in the Balkans and E.U. Marketing Department, Alumil Albania Sh.p.k, date 24/08/2007
“Export development is a key strategy for our company, with the leather being processed and then exported in Italy. We also have plans for sourcing to local producers.”
Administrator, MR.International (shoe making JV with an Italian investor)
“Delivery time is very important to our clients. We can deliver an order to Italy within 24 hours.”
Administrator, safety shoes’ manufacturer Cofra/Albaco (Italy)
“Albania is the most cost competitive location in Europe for shoe production. The good quality of the Albanian leather signals an opportunity for the further development of the sector.”
Owner, Doni Anna/Adelchi (Italian investor)
Download a PDF highlighting the opportunities for shoe manufacture & leather processing in Albania
“We are delighted by the number and skills of applicants. We prefer to hire qualified people from the local vocational college in Korca, and we find we are able to retain this qualified workforce.”
Vlasis Ruhotas, General Director, garments' manufacturer Pierino (Italy)
Download a PDF highlighting the opportunities for garments manufacturing in Albania
The eyes of the international real estate brokers turned to Albania in January 2008, after new real estate development in the country ranked second best in the world. Source TheMoveChannel.com :
“Interest in our Albania properties has hit at all-time high. Investors are realizing that Albania is one of Europe’s last true property hotspots and offers some of the lowest property prices in Europe along with some of the highest capital returns”,
Mr. Simon Feek, Managing director - Emerging Markets Understood
“Our high specification development is just five minutes from the central business district and is situated right next to Tirana’s lake, one of the most prestigious areas of the city. With rental management already in place, these properties are set to perform in rental terms as well as capital growth”. Albania was on the rise, but urged investors to proceed with caution.
Mr. Dan Johnson, Managing Director of the MoveChannel.com
Dear Mrs. Puci,
I just wanted to express my total satisfaction regarding my collaboration with Mrs. Ledana Kallajxhi and Mrs. Eralda Lameborshi from your team. They were extremely prepared, professional and efficient and gave me a really valid support.
My gratitude is also for you, for being able to organize such a team and which is harder - to keep it motivated and efficient. This is a very rare phenomenon for a not private structure not only in Albania, but for the whole area.
Kindest regards,
Jeko Kolev
“The cost of doing business in Albania is very competitive, both in terms of labour and general overhead costs. Moreover, the Albanian workforce is high in quality and motivation.”
CFO, Albanian Mobile Communication (Greece), employing 300 specialized staff
“We have found that the Albanian workforce has a good ability to adapt and train quickly in new working environments … we have access to a quality labour population, a high level of university graduates as well as high levels of language skills.”
Head of Human Resources, Raiffeisen Bank (Austria)
"We are the bank of choice in Albania for all sectors of the community – private individuals and businesses. We provide banking services through 94 branches and 145 Bankomats throughout Albania. We are number one on all the major market share measures. The total investment in Albania is now over 200 million USD. Raiffeisen Bank has increased the number of staff from 2004 by 30% to 1340.We are very happy with our results in Albania and can confirm that Albania is now part of the fast growing economies in South East Europe".
Steven Grunerud, CEO Raiffeisen Bank (Albania)
“One of Albania’s main strengths is a low cost labour environment, set inside a now tolerant and progressive regime. We find there is a high availability of people with good language skills in Albania, especially in English and Italian.”
Human Resources manager, mobile phone operator Vodafone (UK)
Download a PDF highlighting the opportunities for business process outsourcing in Albania
"Alumil Albania" Sh.p.k. was established in 1998 to produce and trade aluminum accessories and profiles, as well as various metal parts. During 2003 (Euro 1.5 million.) and 2004, a total of euro 8 million investment has been scheduled, 1.5 million Euro granted by the Hellenic Government and E.U., for an integrated industrial site, that is, extrusion line, powder-coating and foundry installations. The company holds a 21,465 m2 land plot within wider capital Tirana area. The subsidiary was established to strategically support and promote sales of architectural and industrial profile in Eastern Europe and the Balkans. In January 2004 we had 11 workers, actually we have 142.Turnover in 2004 was 2, 1 million Euro; in 2006 was 11, 9 million Euro. Alumil Exports are oriented mainly in the Balkans and E.U. Marketing Department, Alumil Albania Sh.p.k, date 24/08/2007
“Export development is a key strategy for our company, with the leather being processed and then exported in Italy. We also have plans for sourcing to local producers.”
Administrator, MR.International (shoe making JV with an Italian investor)
“Delivery time is very important to our clients. We can deliver an order to Italy within 24 hours.”
Administrator, safety shoes’ manufacturer Cofra/Albaco (Italy)
“Albania is the most cost competitive location in Europe for shoe production. The good quality of the Albanian leather signals an opportunity for the further development of the sector.”
Owner, Doni Anna/Adelchi (Italian investor)
Download a PDF highlighting the opportunities for shoe manufacture & leather processing in Albania
“We are delighted by the number and skills of applicants. We prefer to hire qualified people from the local vocational college in Korca, and we find we are able to retain this qualified workforce.”
Vlasis Ruhotas, General Director, garments' manufacturer Pierino (Italy)
Download a PDF highlighting the opportunities for garments manufacturing in Albania
The eyes of the international real estate brokers turned to Albania in January 2008, after new real estate development in the country ranked second best in the world. Source TheMoveChannel.com :
“Interest in our Albania properties has hit at all-time high. Investors are realizing that Albania is one of Europe’s last true property hotspots and offers some of the lowest property prices in Europe along with some of the highest capital returns”,
Mr. Simon Feek, Managing director - Emerging Markets Understood
“Our high specification development is just five minutes from the central business district and is situated right next to Tirana’s lake, one of the most prestigious areas of the city. With rental management already in place, these properties are set to perform in rental terms as well as capital growth”. Albania was on the rise, but urged investors to proceed with caution.
Mr. Dan Johnson, Managing Director of the MoveChannel.com
Dear Mrs. Puci,
I just wanted to express my total satisfaction regarding my collaboration with Mrs. Ledana Kallajxhi and Mrs. Eralda Lameborshi from your team. They were extremely prepared, professional and efficient and gave me a really valid support.
My gratitude is also for you, for being able to organize such a team and which is harder - to keep it motivated and efficient. This is a very rare phenomenon for a not private structure not only in Albania, but for the whole area.
Kindest regards,
Jeko Kolev
