Albania absorbs nearly 1-bln-euro FDI in 2016

TIRANA, April 1 (Xinhua) — Registered foreign direct investment (FDI) in Albania rose significantly to 1 billion euros (1.06 billion U.S. dollars) in 2016, data from the Bank of Albania showed Saturday.

Foreign companies invested 983 million euros worth of registered FDI in 2016, an increase of 10.5 percent year on year from a year ago, according to the central bank.

Investment in the country’s energy and gas sector amounted to over 166.5 million euros in the third quarter of 2016, data showed.

Albanian experts told local media that the data indicated that the Albanian economy had mainly profited by two major energy projects — the natural gas Trans-Adriatic pipeline, and the hydropower plants over Devoll River cascade.