TAP project near completion, foreign investments in Albania start to fall

TAP project near completion, foreign investments in Albania start to fall
The fact that the Trans Adriatic Pipeline project is near its completion has marked a fall of direct foreign investments in Albania.

This is reflected by the latest figures concerning investments. According to these figures, after the strong growth registered in the first quarter of the year, direct foreign investments have slowed down in the period from April to June,  reflecting the fact that construction works on this pipeline were near completion.

Figures issued by the Bank of Albania show that in the second quarter of the year, direct foreign investments amounted to 212 million euros, 70 million euros less than the first quarter of the year, when they reached a record level of 282 million euros. This is the highest level of investments in the past two years.

On the other hand, these figures also show that foreign investments were mainly concentrated in the energy sector (accounting for 62%), in fossil fuels (accounting for 10%) and financial sector (accounting for 8%). /ibna/

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