According to a recent survey by the Chamber of Commerce, 93 percent of companies in the country are reporting rising profits.

A recent survey by the Albanian Chamber of Commerce and Industry reveals a remarkable uptick in business optimism: 93% of companies in Albania reported increased profits over the past year. As reported by Kosovapress, this surge reflects growing economic confidence among Albanian enterprises across diverse sectors.

Key Findings from the Business Survey

According to the results presented by Chamber President Nikolin Jaka, more than nine out of ten surveyed businesses said their profits grew during 2024. The poll included both small and large enterprises from across Albania. Sectors such as construction, manufacturing, and services showed especially strong growth. Jaka explained to Kosovapress that “the positive business climate is the result of both stable domestic demand and increasing exports.”

Drivers of Growth

Entrepreneurs pointed to improved infrastructure, a more favorable tax environment, and ongoing digitalization efforts as significant factors behind the positive trend. The Albanian government has made strides in streamlining bureaucratic processes and encouraging innovation, moves which have been widely praised by business leaders. As one business owner told Kosovapress, “it’s easier than ever to operate and expand in Albania right now.”

Challenges Remain

Despite the optimism, the survey respondents also highlighted remaining challenges—especially access to qualified labor, energy costs, and competition from imports. Nevertheless, the overwhelming majority of companies expect the upward trend to continue in 2025.

International Confidence and Investment

International observers have also noted Albania’s improving economic indicators. As Kosovapress reports, the country’s GDP growth and foreign investment flows have outperformed expectations, cementing Albania’s reputation as a rising star in the Western Balkans.

Conclusion

The latest business climate survey underscores Albania’s economic momentum. With nearly all companies reporting profit increases and the government committed to further reforms, Albania appears well-positioned for sustained growth in the years ahead.

Source: Kosovapress