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WBN INC & DA-BIN GROUP SUPPORT THE ALBANIAN MANUFACTURERS

WBN INC. IN ALBANIA an American Italian export engineering company to support Albanian manufacturers into the Business to Business Market.

We offer our industrial marketing support to export Albanian products in USA, Canada, China, all Europe and the most important distribution market in the World.

INFORMATION ABOUT THE 2011 ALBANIAN FINANCIAL SITUACION AND UPDATES OF ALBANIAN GOVERNMENT MEASURES.

The report was defined by the Department of Economic Commission and Financial Affairs of the European Commision and our AIDA HOXHA

1. EUROPEAN COMMISSION 2011 REPORT ABOUT THE ALBANIAN ECONOMY

EUROPEAN B2B SUPPLIERS

The Department of Economic and Financial Affairs of the European Commission, sustain in its report that the performance of the Albanian economy and its indicators is positive, even among the best countries in the Europe.
In February 2011, the government has adopted its medium-term economic and fiscal framework setting a ceiling for the government deficit of 3% of GDP for the period 2012-14. The framework foresees annual GDP growth to hover around 6% while inflation is expected to remain close to 3%. As for public debt, the medium-term framework projects a modest downward path and it is expected to reach some 57½% of GDP by 2014.
The government has introduced measures intended to further broaden the tax base. Relevant legislation was amended to include professional service providers in the list of taxpayers subject to VAT regardless of the amount of their turnover.
In March, the credit rating agency Standard & Poor's kept Albania's sovereign rating stable at 'B+B'. The agency indicated that the ratings on Albania are constrained by the country's low per capital GDP level, high government debt and a polarized political environment which constrains the government's ability to press ahead with reforms. The outlook remained stable on account of Albania's strong growth potential and the policy anchor of EU integration which balance the downside risks. In the last quarter of 2010, real GDP growth reached 5.4% year-on-year, continuing the strong economic performance registered in the first three trimesters of the year. Industry remained the main driver of growth, largely owing to a sizeable increase in electricity production. The trade, hotels and restaurants sector continued to improve in the fourth quarter.
Labour market conditions improved somewhat in the fourth quarter of 2010, in line with a continued acceleration of economic activity. Year-on-year employment growth reached 2% in the fourth trimester following contractions in the first three quarters of 2010. As a result, the rise in unemployment was halted and stood at 13.5% in the fourth quarter.
In 2010,  the current account deficit narrowed by around 22% to EUR 1.1 billion from EUR 1.3 billion a year earlier, primarily on the back of an improved export performance. 
Foreign sales of goods rose by some 63% (year on-year) in 2010, spurred mostly by exports of electricity due to a rebound in energy prices as well as full capacity production of the local hydropower generation. Food and beverages, textiles and footwear and construction materials also registered an increase. These positive trends in exports of goods continued in January and February 2011. The surplus on the services account rose by 50% in 2010.
FDI inflows increased significantly by 17% in 2010 mainly due to investment in exploration and drilling of oil and gas as well as new concessions especially in the energy sector.
Portfolio investment registered a significant increase, owing to the issuance of the EUR 300 million Eurobond by the government in the last quarter of 2010.
Deposits continued to grow in the fourth quarter of 2010 reaching 17.6% year-on-year.  Foreign-currency deposits continued to record the strongest increase reaching 16.8% in February, against almost 9.5% for deposits denominated in lek.
The pace of credit growth in the last quarter of 2010 was 8.6% year-on-year while in January and February increased by 8.8% and 9.4%, respectively.
According to cash-based government finance data, total revenue in January and February 2011 rose by 5% year-on-year, on account of a continuing strong performance of tax receipts which increased by 8.6%. The intake from VAT and social contributions rose by 8% and 8.5%, respectively. The deficit of the budget was lower than planned, as expenditure undershot by more than the under performance of revenue. Almost all the deficit was financed from domestic sources.

Me nderime.

Dr. Aida Hoxha / Shqiptar Manager Director

EXPORT MANUFACTURERS

Albania is located on the Adriatic Sea, opposite Italy. It is a country with a population of 3.6 million, with Tirana, the capital, being the biggest city. Its climate is Mediterranean, and its landscape mostly mountainous. 42% of the population are Muslims, the rest is mostly Christian, either Orthodox or Roman Catholic.
When communism was defeated in the early 90's and democracy was for the first time introduced to Albania, things didn't look so rosy. The economy almost immediately went close to colapse, and due to the high unemployment rate there was mass emigration. It is amazing how well Albania recovered from those problems after the introduction of very effective free-market reforms from the mid-nineties on.

DR. AIDA HOXHA - DIRECTOR OF WBN & DA-BIN GROUP IN TIRANA ALBANIA

Dr. AIDA HOXHA, was born in Durazzo (Albania), graduated in the University of Tirana as professional in Italian literature and language, she has been living and working in Italy since 1991 having direct contact with the industrial process and commercial process between Italy and Albania. Aida Hohxa is the Director Manager of WBN and Da-BI.N Group for Albania, she has gained experience supporting Italian and Albania industries to industrial business negotiation, international join venture, Italy Albania partnership in business and export procedures consulting experience available to all the Albanian manufacturers interested to share their products to the world wholesale distribution market.

Dr. Aida Hoxha has become the responsible of WBN & Da-BI.N Group this 2011 thanks to his high level professional skills and knowledge of the Albanian, Italian and worldwide industrial market

      0. INTRODUCTION ABOUT ALBANIA
      1. EUROPEAN COMMISSION 2011 REPORT ABOUT THE ALBANIAN ECONOMY
      2. MARKETING INDUSTRIAL NDERKOMBETAR – LETER PREZANTIMI E KOMPANISE WBN INC
      3. EKSPORT NE ITALI EKSPORT NE TE GJITHE BOTEN NGA SHQIPERIA

Tel. Italiano 0039-349-4279524    Tel. Shqiptar 00355-695-481356   Email: aida@italianbusinessguide.com

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NYC, The Division for International Business in the Mayor’s Office is a resource for foreign companies that are opening operations in New York City. We help companies locate information as business legal structure, visas, accounting, office space, etc.

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