Albanian Properties Visited by Academica Associates
The following pages show a series of photographs taken of properties chosen for special attention by Academica Associates during a recent visit to Albania for the purpose of undertaking a survey of the property market in that country. Our focus was directed, primarily, at commercial properties in the Tirana suburbs and southern Albania for expansion into American style shopping centers and, possibly, industrial parks, as well as properties that can be developed for housing and touristic purposes. We confined our investigation to central and southern Albania, concluding that Northern Albania was not yet ready for the sort of projects we have envisaged. In the coming years, when the infrastructure is improved, the north will have great potential.
Albania: Background
National name: Republika e Shqiperise President: Bamir Topi ( July 2007) Prime Minister: Sali Berisha (2005) Land area: 10,579 sq mi (27,400 sq km) Total area: 11,100 sq mi (28,748 sq km) Population (2007 est.): 3,600,523 (growth rate: 0.5%); birth rate: 15.2/1000; infant mortality rate: 20.0/1000; life expectancy: 77.6; density per sq mi: 340 Capital and largest city (2003 est.): Tirana, 353,400 Other large cities: Durres, 113,900; Elbasan, 97,000 Monetary unit: Lek Languages: Albanian (Tosk is the official dialect), Greek Ethnicity/race: Albanian 95%, Greeks 3%, other 2%: Vlachs, Gypsies, Serbs, and Bulgarians (1989 est.) Religions: Islam 70%, Albanian Orthodox 20%, Roman Catholic 10% (est.) Literacy rate: 87% (2003 est.) Economic summary: GDP/PPP (2005 est.): $18.07 billion; per capita $4,900. Real growth rate: 5.5%. Inflation: 2.4%. Unemployment: 14.3% official rate, but may exceed 30%. Arable land: 20.1%. Agriculture: wheat, corn, potatoes, vegetables, fruits, sugar beets, grapes; meat, dairy products. Labour force: 1.09 million (not including 352,000 emigrant workers); agriculture 58%, nonagricultural private sector 19%, public sector 23% (2004 est.). Industries: food processing, textiles and clothing; lumber, oil, cement, chemicals, mining, basic metals, hydropower. Natural resources: petroleum, natural gas, coal, bauxite, chromite, copper, iron ore, nickel, salt, timber, hydropower. Exports: $650.1 million f.o.b. (2005 est.): textiles and footwear; asphalt, metals and metallic ores, crude oil; vegetables, fruits, tobacco. Imports: $2.473 billion f.o.b. (2005 est.): machinery and equipment, foodstuffs, textiles, chemicals. Major trading partners: Italy, Canada, Germany, Greece, Turkey (2004). Communications: Telephones: main lines in use: 255,000 (2003); mobile cellular: 1.1 million (2003). Radio broadcast stations: AM 13, FM 46 (3 national, 62 local), shortwave 1 (2005). Television broadcast stations: 65 (3 national, 62 local); note - 2 cable networks (2005). Internet hosts: 749 (2005). Internet users: 75,000 (2005). Transportation: Railways: total: 447 km (2004). Highways: total: 18,000 km; paved: 5,400 km; unpaved: 12,600 km (2002). Waterways: 43 km (2006). Ports and harbours: Durres, Sarande, Shengjin, Vlore. Airports: 11 (2005). International disputes: the Albanian Government calls for the protection of the rights of ethnic Albanians in neighbouring countries, and the peaceful resolution of interethnic disputes; some ethnic Albanian groups in neighbouring countries advocate for a "greater Albania," but the idea has little appeal among Albanian nationals; thousands of unemployed Albanians emigrate annually to nearby Italy and other developed countries. |
Geography
Albania
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Peter Paul Witonski
Managing Partner
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