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Albania is in close proximity to all the major European capitals with short two- or three-hour flights that are available daily. During the communist regime, Albania’s agriculture was heavily centralised integrated with agriculture-related industries, and state-run.

They paid €384.6 million, presumably indicating an interest in accelerating the process. In 2007 the government discussed constructing a nuclear power plant at Durrës. In addition to meeting the domestic energy demands, the plan foresaw electricity export to neighbouring Balkan countries and Italy via an underwater cable, which would link the Italian and Albanian electricity networks. In April 2009, Albania and Croatia announced a plan to jointly construct a 1,500 MWe nuclear power plant on the shores of Lake Skadar (Lake Shkodër), near Albania’s border with Montenegro.

Attempts at reform began in earnest in early 1992 after real GDP growth of more than 50% from its peak in 1989. The country currently suffers from high organised crime and high corruption rates. Albania’s economy is based on the service (54.1%), agriculture (21.7%), www.hotmailorderbride.com/albanian-women and industrial (24.2%) sectors. The country has some natural resources, and the economy is mainly bolstered by agriculture, food processing, lumber, oil, cement, chemicals, mining, basic metals, hydro power, tourism, textile industry, and petroleum extraction.

Key elements included price and exchange system liberalisation, fiscal consolidation, monetary restraint, and a firm income policy. These were complemented by a comprehensive package of structural reforms including privatisation, enterprise, and financial sector reform, and creation of the legal framework for a market economy and private sector activity.

There also are significant numbers of Albanian Orthodox Christians, Roman Catholics and Bektashism, a Sufi Muslim sect that maintains its world headquarters here, as well as Protestants, Jehovah’s Witnesses, Mormons and others. Kavaja delights in bringing his daughter, Ilvana, 12, with him, grateful for the tens of millions of dollars from abroad that have poured into this country roughly the size of Maryland to give him and others new places to worship. “We felt so cut off from the world,” said Kavaja, an engineer in this city of about 80,000, where sidewalk vendors sell piles of old, worn shoes near new, European-style cafes.

The total contribution to the GDP was about 17 percent “including wider effects from investment and the supply chain”. Albania had only 500,000 visitors in 2005, while in 2012 had an estimated 4.2 million – an increase of 740% in only 7 years. Several of the country’s main cities are situated along the pristine seashores of the Adriatic and Ionian Seas. An important gateway to the Balkan Peninsula, Albania’s ever-growing road network provides juncture to reach its neighbouring countries.

Oil and gas reserves still remain property of the Albanian State which enters into agreements and grants rights with regard to evaluation, exploration, production, refining/processing and transport of the product. In March 2016, affiliates of China’s Geo-Jade Petroleum purchased the drilling rights for exploiting the oil fields of Patos-Marinze and Kucova.

The railways in Albania are administered by the national railway company Hekurudha Shqiptare . The railway system was extensively promoted by the totalitarian regime of Enver Hoxha, during which time the use of private transport was effectively prohibited. Since the collapse of the former regime, there has been a considerable increase in car ownership and bus usage. Whilst some of the country’s roads are still in very poor condition, there have been other developments (such as the construction of a motorway between Tirana and Durrës) which have taken much traffic away from the railways. A report from the United States Agency for International Development in October 2015 indicated that the direct contribution of tourism is becoming a significant part of the country’s Gross Domestic Product, a full 4.8 percent of it in 2013.

It is host to five Hydroelectric power stations and a plant including the Fierza, Koman, Skavica and Vau i Dejës which are situated on the Drin river, due to its significant role for the production of electricity in the country. The Albanian Devoll Hydropower company is currently built two hydroelectricity plants on the Devoll river near Banjë and Moglicë. After its completion, it will produce 729 GWh annually, increasing the electricity production in Albania by almost 17%.

Today, Agriculture in Albania employs 47.8% of the population and about 24.31% of the land is used for agricultural purposes. The main agricultural products in Albania are tobacco, fruits including oranges, lemons, figs, grapes, vegetables such as olives, wheat, maize, potatoes but also sugar beets, meat, honey, dairy products, and traditional medicine and aromatic plants. Albania also needs to continue to improve its infrastructure, particularly highways within its borders and connecting the country to its neighbours. Once there is evidence of significant progress on this front, the country’s chances of acceptance into the EU should improve.

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Most agriculture, state housing, and small industry were privatised. This trend continued with the privatisation of transport, services, and small and medium-sized enterprises. Following the collapse of the communist regime in 1990, Albania experienced a mass exodus of refugees to Italy and Greece. The country attempted to transition to autarky, which eventually succeeded.

Albania 2019

The strongest sectors are energy, mining, metallurgy, agriculture, and tourism. The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market. Albania is an upper-middle-income country and a member of the North Atlantic Treaty Organisation , World Trade Organization , Organization for Security and Co-operation in Europe , and Organization of the Black Sea Economic Cooperation . There are no reliable statistics on religion in this country, which still fiercely separates religion from politics. It is generally thought that the majority of Albanians are Muslim, though many do not practice their faith.

In 2009, Albania was the only country in Europe, together with Poland, San Marino and Liechtenstein, to have economic growth; Albanian GDP real growth was 3.7%. Year after year, the tourism sector has gained a growing share in the country’s GDP. Albania is a low income country by Western European standards, with GDP per capita lower than all countries in the EU. According to Eurostat, Albania’s GDP per capita (expressed in PPS – Purchasing Power Standards) stood at 35 percent of the EU average in 2008. The democratically elected government that assumed office in April 1992 launched an ambitious economic reform program to halt economic deterioration and put the country on the path toward a market economy.

He described how he used to dress in a suit on Sundays and walk the streets of Shkoder praying silently to himself, not a pew left in the country. Albania became the first officially atheist country in the world in 1967. Its ruler, Enver Hoxha, ordered all churches and mosques demolished or converted into sports arenas, warehouses or other secular facilities. And until communism collapsed in 1990, public expressions of faith were banned. In cities across this mountainous country, new houses of worship gleam alongside dreary, Soviet-style apartment blocks like shiny gems, nearly all built with money from individuals and organizations in Saudi Arabia, Kuwait, Iran, the United States, Greece, Italy and a long list of other nations.

However, as of 2016, Albania have no plans to build any nuclear power plants in the foreseeable future. Albania is dependent on Hydroelectricity and the largest producer of Hydroelectricity in the world, with a percentage of 100%.