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Albania

EDC Position-open select programs

EDC's Position

  • Targeted approach to business
  • Open on a restricted basis under select programs

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Country At A Glance

Flag - Albania
Map - Albania

Country Facts

Nominal GDP13.20 Billion USD
Population3.16 Million
Total Trade/GDP89.39%
CurrencyAlbanian Lek (ALL)
Merchandise Imports from Canada36.84 Million CAD
Main importsMachinery & Equipment, Manufactured Goods, Food, Beverage & Tobacco

EDC in Albania

Canadian companies assisted5
International buyers insured6
Business volume4.50 Million CAD

Business Environment

Albania, a formerly closed and centrally-planned state is making a transition to a more open-market economy but is lagging behind other Balkan states. In recent years, the country has seen economic growth, though it has experienced a slowdown in 2012 due to the impact of the recession in the euro zone. Canada has an established trade and investment relationship with Albania, especially in the extractive sector; potential exists for business opportunities across a variety of sectors.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Mining & Metals
  • Oil & Gas
  • Power

How we can support your business

Through our representations in Istanbul, Turkey, we provide regional support to Canadian companies planning on or currently doing business in Albania. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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