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Strengthening economic ties: Serbia-Albania trade relations flourish

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Throughout 2023, the trade relationship between Serbia and Albania amounted to €311.4 million, showing an increase of €23.2 million or eight percent compared to the previous year, as stated by the Serbian Chamber of Commerce (PKS).

Exports reached €239.5 million, marking a rise of €33.6 million or 11.6 percent compared to 2022.

The import value from Albania in 2023 slightly decreased compared to the previous year, totaling €71.8 million. The trade surplus amounted to €167.7 million during the past year.

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Approximately 1,200 business entities from Serbia engaged in trade activities with Albania in 2023.

As of the beginning of February 2024, there were 24 active companies registered in Serbia with the majority ownership held by legal or natural persons from Albania.

Promising areas for collaboration include furniture manufacturing, chemical, rubber, and plastics industries, metallurgy, and the food industry. There are significant opportunities for involvement of Serbian design and construction companies in regional and large-scale projects planned by Albania to modernize its industry and transportation infrastructure, such as road construction, railways, ports, and airports.

Today, Marko Čadež, President of the PKS, met with Bardhyl Canaj, Ambassador of Albania to Serbia, to discuss current bilateral relations and explore opportunities for improvement, not only in the economic sphere but also in education and culture sectors.

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It was decided to organize a major business forum in Belgrade during the autumn, aiming to bring together entrepreneurs and companies from Serbia and Albania across all prospective sectors.

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