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Albania's transition from a socialist centrally planned economy to a capitalist mixed economy has been largely successful. [1] " Formal non-agricultural employment in the private sector more than doubled between 1999 and 2013," notes the World Bank, with much of this expansion powered by foreign investment.
Big Market is the leading Albanian supermarket chain, with 135 outlets (130 supermarkets and 5 hypermarkets), 20 shareholders and 1500 workers throughout the country. [citation needed] Its slogan is “Big Market, know what to choose”. On 1 December 2018, the company opened a hypermarket called Big Market Citypark. [citation needed]
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The beginnings of Balfin Investment Group started in 1993 in Vienna, where Samir Mane founded Alba-Trade. Having started with the trade of electronic devices, soon the BALFIN Group, created by Mane managed to create the largest network of electronics stores in Albania, Neptun and then extending the network in the neighboring countries of Kosovo and Macedonia.
The company's revenue for 2012 was €350 million. [1] [2] and had over 290 petrol stations through Albania and over 850 employees. [3] In 2009 Taçi Oil purchased the Albanian oil refinery ARMO (Anika Mercuria Refinery Associated Oil, owned by Anika Enterprises) for €128 million. [2] On September 9, 2011 Taci Oil became an official sponsor ...
Coca-Cola Bottling Shqipëria, formerly known as Coca-Cola Bottling Enterprise Tirana (CCBET), is an Albanian-based company engaged in bottling and distribution of Coca-Cola soft drink brands in partnership with Sibeg and Acies groups. [4] The company has operated since 1994, when it produced its first bottle of Coca Cola. Through the ...
Albania's government has granted strategic investor status to a company linked to Donald Trump's son-in-law Jared Kushner to build a luxury resort on an uninhabited Mediterranean island that was ...
Eurosig bought both the life and non-life insurance businesses of Insig from Albania's government for 2.2 billion leks ($17.9 million/16.3 million euro) in May 2016. In May 2016, the Albanian Government sold the life and general insurance business of INSIG for 2.2 billion leks (US$ 17.9 million, or 16.3 million euros). [1] [3]