Legal Market Overview
Albania’s GDP has been on an upward trajectory since its low in 2015, although the country’s close ties to the faltering Greek economy has put a dampener on growth. Most of the growth in activity has been in the tourism sector, with several new developments and investors adding impetus. Government investment into road infrastructure is also another source of work, and should the mooted international airport development get the greenlight, then that should provide a major spur for further growth. Energy and natural resources are also major sources of work for Albania’s lawyers. The bulk of the market continues to be dominated by Hoxha, Memi & Hoxha, Boga & Associates, KALO & ASSOCIATES and Wolf Theiss. Recent spin-offs have added some more choice to the market, and international companies can also get strong bilingual advice from firms such as Frost & Fire Consulting.