Franchise Opportunities in Albania
Popular franchise directions in Albania
Attractiveness of Albania for the development of franchise business
Albania, a small country in Southeastern Europe, has the population of 2,938,481 people. 67.3% of citizens live in an urban area, including the capital city, Tirana (374,801) and other biggest towns such as Durres (122,034) and Elbasan (100,903).
The economy of the country highly depends on agricultural sector as well as fast growing tourism. Up to 3.8 mln tourists visit Albania yearly due to amazing nature, rich archaeological and cultural heritage, close location to the Mediterranean Sea, the Adriatic and Ionian Sea and quite affordable prices.
Albania offers vast business opportunities for the development of IT services, health care sector, and heavy construction machinery for the development of infrastructure. The government of the country has initiated privatization of road, maritime, railway, and civil aviation services which also requires the development of new businesses in the country.
Albania is also a very promising destination for international franchise companies. Advertising, hotel, restaurant, catering, equipment, and apparel sectors are in huge demands and in a stand-by mode for fresh concepts.
There is no specific registration or government approval needed to start a franchise company in the country.
There are high investment business opportunities, as well as cheap franchises in Albania presented for review, the choice is yours.
Indicators of Albanian Business Market
Currency: Albanian lek (ALL, L)
Education Index (2015): 0,715
Official languages: Albanian
Per capita GDP (PPP): $13,330
Quality-of-life index (0-10): -
Population: 2,88 mln
Total GDP (PPP): $38,315 billion
Ease of Doing Business Ranking, Rank: 63
Human Development Index (HDI): 0,785