Albania has world’s best growth in tourism, investment

Albania recently witnessed an impressive growth in tourism this year. The government of Albania announced that there was a 42 percent increase in the number of tourists visiting the country compared to last year, AENews reported. With new hotels, resorts, bars and restaurants, the Albanian private sector in tourism has been growing an average of 30 percent for five years. The Albanian economy had the best growth in Europe last year, and this trend is expected to continue this year as well. Foreign investments in Albania have increased 59 percent this year. The Albanian government under Prime Minister Berisha, has created an excellent environment to attract investors to Albania. Special emphasis was paid on constructions of roads and improving infrastructure. The efforts on improving the legal system to protect investors also proved significant. It was also reported that many Western European companies have chosen to escape the high taxes in Europe by investing in Albania as the latter offers the best tax system in Europe with a 10 percent flat tax.