 |
| Fason business in Albania |
The Albanian Institute of Statistics has concluded that a working hour in Albania costs an average about 2.5 euros, or about 310 lek.
Compared to the EU average, the labor costs in Albania cost 10 times less, referring to Eurostat."This is the reason of why the youth are leaving. I study physics and a specialist at the Institute of Nuclear Physics in Albania is paid 40,000 Leks, while in Europe, 2000-3000 euros," one citizens say to Oculus News.
The fact that the workforce costs so little continues to be the main competitive advantage for Albania, which continues to attract the fasoneri industries, mainly in textiles and footwear.
By 2018, the countries with the highest labor cost were Norway - 50 euros per hour - followed by Denmark, Iceland and Luxembourg with over 40 euros per hour.