Our comprehensive assessment of Albania's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Albania, as well as the latest industry developments that could impact Albania's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Albania before your competitors.
Albania Country Risk
Albania's economy will remain on a low growth trajectory over the coming years, unless more structural reforms can be implemented to tackle longstanding issues of competitiveness and corruption.
Household spending will be the main driver of real GDP growth in 2015. This is a concern, given that improvements to consumer spending patterns are more driven by external price developments than fundamental improvements to household finances.
The government's fiscal position will remain perilous, with the public debt load expected to remain above 70% of GDP.
Tepid external demand from key eurozone trading partners, inefficiencies in key export industries and collapsing global oil prices suggests Albanian exports will struggle in 2015.
Albania Industry Coverage (1)
BMI View: Owing to the laggardly pace of regulatory reform, Albania is one of Europe's most challenging telecommunications markets from an investment perspective. Although there are numerous alternative operators challenging the incumbent in both the mobile and wireline sectors, price-led competition hampers their ability to develop advanced monetisable services. The mobile market suffers, in particular, from a surfeit of inactive subscriptions; efforts to eliminate these are causing highly variable growth trends, making it difficult to accurately gauge the market's size and trajectory. In the wireline arena, customers are migrating to cheap mobile services and, although the market is buoyed by demand for fixed broadband, the roll out of 3G mobile broadband poses downside risks to growth. Although the incumbent has developed a high-speed network and aims to leverage IPTV to exploit its potential, the sector remains unattractive on many...