Wednesday, April 7, 2010

Albania, Tirana Cost of Living April 2010

Country Full Name: The Republic of Albania.

Location: Albania is in South Eastern Europe, bordering the Adriatic Sea and Ionian Sea, between Greece in the south and Montenegro and Kosovo to the north.

Country Climate: Mild temperate; cool, cloudy, wet winters; hot, clear, dry summers; interior is cooler and wetter.

Country Terrain: Mostly mountains and hills; small plains along coast.

Major Languages: Albanian.

Major Religions: Islam, Christianity.

Country Population: 3.2 million (2008 est.) 3.2 million (2009 est.).

Country Economy: The economy of Albania is poor-performing by Western European standards, but is making the difficult transition to a more open-market economy from its communist past.

Currency: Albanian Lek (ALL).

Country Inflation: 3.4% (2008 est.) 1.7% (2009 est.).

City: Tirana is the capital and largest city of the Republic of Albania.

City Economy: Tirana is Albania's major industrial centre. It has experienced rapid growth and established many new industries since the 1920s. The principal industries include agricultural products and machinery, textiles, pharmaceuticals, and metal products.

Cost of Living

Tirana has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Tirana is currently ranked 229 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more information:  Albania, Tirana

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