INTERNATIONAL

BUSINESS

ALBANIA
22nd Sem MBA (section-E)
2nd SEM MBA E SECTION

LOCATION AND THE NATIONAL

FLAG

Albania, officially therepublic of albania

With a mainland area of 28,748km2
located in south-easternEurope.
It is bordered by Montenegro to the Northwest,Kosovo to the
northeast, Republic of Macedonia to the east,and Greece to the
south and southeast.
It is a member of United Nations, NATO, Council of Europe and
world trade organisation.
Official language is Albanian

CURRENCY
Albanian lek
1 Albanian lek = 0.50 INR

CAPITAL OF ALBANIA

Tirana is the capital of Albania.

PLACES OF REPUTE AND

IMPORTANT CITIES
1. Berat, Albania
The city of Berat is located at the river
Osum in the middle of the country. In
the past it was built as a castle and it
is erected at a hill. At this hill there
can be found the original castle,
named Kalaja. The castle contains a
district with numerous churches and
mosques and is well worth seeing.

2. Albanian riviera, Albania

In the southwest of the country
there is a steep coastline, which
can be compared to the Italian
Riviera but is much quieter and
less crowded. Beaches invite to
go swimming or sunbathing.
New built hotels and attractions
shall allure tourists and promise
a great holiday.

3. Tirana, Albania
Tirana the capital and largest
city ofAlbania.Tirana became
Albanias capital city in 1920. The
population at the 2011 census was
418,495.The city is host to many
public institutions and public and
private universities, and is the
centre of the political, economic,
and cultural life of the country.
4. Apollonia, Albania
Next to the city of Fier in the
middle of Albania one can find the
ruins of an ancient town, named
after the god Apollon. Apollonia
was the biggest and most
important city in the ancient
world. The ruins are still
impressing and show a little piece
of the original glory.

STATISTICS (1/2)
Albania located in south-easterneurope.
It
is
bordered
byMontenegroto
the
northwest,Kosovo
to
the
northeast,
theRepublic of Macedonia to the east,
andGreece to the south and southeast. It has
a coast on theAdriatic Seato the west and on
theIonian Seato the southwest. It is less than
72km (45mi) fromItaly across theStrait of
otranto.
Mainland area of 28,748km2., Water(%)4.7
Albania is aparliamentary republic.
Ethnic groups are also present.
97%European
3%Mestizo,AmerindianandAsian

STATISTICS (2/2)
Population
2014estimate 30,201,209
2010census
2,821,977(32nd)
98/km2(63rd)
254/sqmi

GDP STATISTICS AND

IMPORTANT SECTORS
GDP

$12.92billion
(nominal) (24th,
2014)
$15.2billion (PPP)
(24th, 2014)

GDP
growth

0.5% (2014)

GDP per
capita

$4,659.3(nominal)
(56th, 2014)
$4,838 (PPP) (54th,
2014)

Inflation(C 2.30% (3/2015)

PI)

GDP by sector

Agriculture,
forestry and
fishing, 8.2%
mining, 4.5%
manufacturing,
14.6%
construction,
6.0%
commerce and
tourism, 13.1%
transport,
communication
s and utilities,
10.2%
government,
8.3%
business, social
and other
services,

EXPORTS
Exports
US$71.94billion (2014)
Export goods Soy and soy products,
Main
27.7%
export
motor vehicles and
partners
parts, 12.4%
cereals (mainly maize
and wheat), 7.8%
chemicals, 7.4%
fossil fuels, 6.5%
fruit and vegetable
products, 3.8%
aluminum and steel,
3.3%
electric machinery,
2.8%
gold, 2.7%
all other (mainly
agroindustry), 25.6%.
(2014)

Brazil20.8%
European
Union14.2%
China6.5%
United
States5.6%
Chile4.2%
(2014)

IMPORTS
Imports
US$65.25billion (2014)
Import goods Machinery and
othercapital goods,
Main
Brazil22.0%
25.9%
import
European
transport equipment,
partners Union17.6%
16.3%
China16.5%
fuel and lubricants,
United
16.0%
States13.7%
chemicals, 11.8%
Bolivia3.3%
plastic and rubber,
(2014)
5.7%
steel and other metals, FDIstock
5.4%
US$116.7billion
pharmaceuticals, 3.3%
(12/2014)
textiles and footwear,
Grossexternal debt
2.8%
US$145billion; of which
food, feed, and
private, US$70billion
beverages, 2.7%
(9/2014)
optical and precision
equipment, 2.6%

POLITICAL SYSTEM
Government

Parliamentary
representative
democratic
republic

President

Bujar Nishani

Vice President

Jozefina Coba
Topalli

Supreme Court
President

Xhezair
Zaganjori

The politics
of
Albania take
place
in
a
framework
of
a parliamentary representative democratic republic, wherein the Prime
Minister is the head of government, and of a multi-party system. Executive
power is exercised by the government. Legislative power is vested in both
the government and parliament, the Assembly of the Republic of Albania.
Since 1991, the introduction of pluralism, the party system is dominated by
the Democratic Party of Albania.

POSITIVE OUTCOMES OF THE

POLITICAL SYSTEM
The constitution provides for a federal union
of provinces that retain all powers not
specifically
delegated
to
the
federal
government by the constitution
There is a separation of powers among the
executive, legislative, and judicial branches
The president can draw up and introduce his
own bills in Congress
The president is also responsible, with the
cabinet.
The president and vice president are directly
elected for a four-year term and cannot be re
elected beyond a second consecutive term

CHALLENGES AND NEGATIVE

OUTCOMES
Albania is a country that is experiencing an
inflation rate at a high percent.
The economy will go into recession in 2014
and 2015.
Since 2011 international reserves have
decreased significantly.
When there are presidential elections, the
unions will very likely increase industrial
action efforts to demand salary increases
above the unofficial inflation rate.
Devalued the currency and increased interest
rates

STRATEGY FOR SUCCESS

The WBG strategy is built around three broad themes:
(a) sustained employment creation in farms and firms
(b) improving availability of assets for people and
households
(c) reducing environmental risks and safeguarding
natural resources
These thematic areas were selected for their
contribution to achieving sustained poverty reduction
and shared prosperity.
The new strategy focuses on working with the
countrys poorest provinces and in large urban areas.
There will be support for programs designed to
increase the employability of young people through
training,

SUGGESTIONS
The government need to focus more the
principle of equality and human rights which
will lead to happiness and prosperity.
The government should work on rebuilding the
system so as to eradicate the nepotism and
corruption.
The government should encourage the people
to indulge more in rebuilding the environment
The government should have a
good
relationship with the international bodies.
It is important to note that there is no perfect
electoral system model and any country that
has to select a new system is facing a very
difficult choice.