Albania puts its past behind it
Albanian-American Enterprise Fund: More than just a charity case
BANKING IS NOT the only element of the financial services industry in Albania to see rising foreign direct investment. The insurance sector is also increasingly attracting interest from abroad.
As far back as 2003, for example, the European Bank for Reconstruction and Development and the International Finance Corporation each bought a 19.5% stake in Insig.
The one-time monopoly insurer had suffered a collapse in its market share to less than 20% as new entrants undercut its government-controlled tariffs.
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