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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 GDP13.81 Billion USD
Population3.18 Million
Total Trade/GDP86.17%
CurrencyAlbanian Lek (ALL)
Merchandise Imports from Canada48.56 Million CAD
Main importsMachinery & Equipment, Manufactured Goods, Food, Beverage & Tobacco

EDC in Albania

Canadian companies assisted7
International buyers insured9
Business volume9.91 Million CAD

Business Environment

Albania, a formerly closed and centrally-planned state is making a transition to a more open-market economy. In recent years, the country has seen economic growth, though the effects of the recent global financial crisis put some pressure on the conomy. 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, particularly in the energy, extractive, tourism and agribusiness.

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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