Off the wire
• India's economy expected to grow 7.2 percent in 2017: minister  • Xinhua World News Summary at 1530 GMT, April 1  • Defending champions Evergrande beat Shanghai SIPG 3-2 in thriller  • Hamas urges armed resistance against Israeli settlement  • 14 police conscripts injured in training center blast in Egypt  • China tightens pesticide checks for food safety, environment  • Hebei beat Guizhou 1-0 for first CSL win  • Azerbaijan, Kazakhstan, Georgia sign protocol on Trans-Caspian transport route  • Across China: Tibetan communities embrace new funeral customs  • China to help build ring road in Ramallah of Palestine  
You are here: 　 Home

Albania absorbs nearly 1-bln-euro FDI in 2016

Xinhua, April 1, 2017 Adjust font size:

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. Endit