Net foreign investments in Albania reached EUR 380, during the nine months ending Sept. 30, Bank of Albania data shows. Net foreign investments increased by 2.6 per cent compared to the same period 2007.

“The major part of foreign investments inflows, almost 64 percent, derives from the investments in the financial sector, mainly with the commercial banks”, BoA said.

Banks invested EUR 210 million, almost double compared to the previous year. Investments in petroleum research and development attracted EUR 60 million of direct foreign investments in the country.

“Investment in telecommunication has been fallen over the 9?month period due to the profit allocation of companies operating in this sector, as dividends”, BoA added.