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Most businesses in Albania with employees no more than four

Xinhua, March 1, 2017 Adjust font size:

Businesses that employ one to four persons make up for 89.3 percent of all businesses in Albania, and they realize 14.3 percent of the total number of sales, data published by the Institute of Statistics (INSTAT) showed Tuesday.

According to INSTAT, tourism and food services sector has the largest number of companies that employ one to four people.

Albania had a total of 104,534 active businesses during 2015 and 93,376 of them employed no more than four people, INSTAT report said.

In terms of employment, the persons employed in this category of businesses make up for 33.2 percent of the total number of people employed in active businesses here, INSTAT said.

These businesses are considered as very important because they give a significant contribution to employment and revenues in Albanian economy in general.

On the other hand, INSTAT reports showed that businesses employing more than 50 employees only make up for 1 percent of active businesses.

According to official figures, the number of businesses that employ between five and nine people is also small, not exceeding 6,000.

Meanwhile, companies that employ 10 up to 49 persons mostly operate in the trade sector, because they require more employees to deliver certain functions.

Albanian economy experts say that the small businesses have more tax facilities as they declare a low level of turnover individually while in total, they generate highest level of turnover. Enditem