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 will remain attached to a relatively low growth trajectory over the coming years, amid subdued exports and government fiscal consolidation efforts.
More efforts need to be made to implement structural reforms aimed at tackling corruption and improving labour market flexibility, if Albania is to have any hope of converging with historically more developed regional peers.
Albania's large and entrenched trade balance shortfall will ensure that the country's current account remains firmly in deficit over the coming years.
Uncertainty in neighbouring Greece after the country's debt crisis will increase the scope for regional instability. It will also weigh on demand for Albanian exports to Greece and remittances inflows from Albanian workers based in Greece....
Albania Industry Coverage (2)
Oil & Gas
Albania Oil & Gas
BMI View: Weak oil prices are impacting Albania's upstream. Bankers has seen oil production fall, while TransAtlantic is looking to exit Albania and has put its assets up for sale. Prospects remain good for further redevelopments at existing oilfields, while both onshore and offshore exploration offer upside potential to our oil and gas forecasts.
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 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...