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1. Albania has transitioned from a communist country to a developing market economy with macroeconomic reforms beginning in the early 1990s. 2. While GDP growth has averaged around 5% in recent years, Albania still has a low GDP per capita and relies heavily on remittances from citizens working abroad. 3. Large oil and gas deposits were discovered in 2008, which could boost the economy, but infrastructure and administrative capacity needs improvement to attract significant foreign investment.

Author

Ollu

Language

EN