Albania Estate

Home , Dajti, Kavaja Street, Mother Albania (statue)

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Albania Property Guide 2010

Albania Property Group − © January 2010 Albania Property Guide 2010

Contents About Albania & Albanians 1 International integration 4 Economic data 5 Why should I invest in Albania? 6 Albanian Cities 7 Questions & Answers 11 Conclusion 20

Albania Property Group − © January 2010 Albania Property Guide 2010

Scanderbeg square in the center of Tirana – Capital of Albania About Albania and Albanians History of Albania

Albania covers a total area of 28,748 km², with a coastline of 362 km. Albanian Coastline borders in the Adriatic and Ionian Seas. The territories of present day Albania have been inhabited as early back as 100.000 years ago. At the Location of Albania in Europe turn of the third millennium B.C. an Indo - European MONTENEGRO population settled there. As the result of the mixture, KOSOVO a population incorporating the unique cultural and linguistic characteristics of the whole Balkan Peninsula Shkodra (pelages) was created. Lezha Laç Peshkopi ADRIATIC Based on this ancient population, the Illyrian people SEA MACEDONIA Durrës developed through the second millennium and the first TIRANA Kavaja Elbasan century B.C. After its fall in the year 30 B.C. Illyrian Lushnje came under the control of Roman Empire. With the Pogradec division of the Roman Empire (395 A.D), Illyrian Fier Berat Korça Vlora became a part of the Byzantine Empire. Tepelena The country has suffered continuous invasions over IONIC SEA Saranda the last 1000 years and by the end of the 14th century GREECE Albania was occupied by the Ottoman Empire. Map of Albania

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Mosaic at the National Historic Museum in Tirana The subsequent efforts and insurrections For about 50 years, the regime applied for independence eventually brought the policy of self-isolation, leaving the about the proclamation of the indepen- country in great economic poverty when dence of Albania in 1912. After 1912 till it finally emerged from isolation in 1991. the end of the First World War, the The principle of self-reliance applied country was attacked by neighboring by the Communist regime prohibited countries. foreign loans, credits and investment. After eleven years of monarchy the From 1991 untill 1997 the Democratic country was occupied by Mussolini Party led the country. After the unrests of forces in 1939, putting the end of 1997 due to the failure of pyramidal monarchy. In 1943 the armies of Hitler schemes the Socialist Party with its occupied the country. coalition was in power until 2005. After The resistance against foreign invasion the last elections on 3 July 2005 The was known as the Anti–Fascist National Democratic Party with its coalition is Liberation front. The Communist turn back in power. Albanian policy party took power in November 1944, intends to integrate the country into when the foreign armies were expelled. European Community and the Alliance Shortly thereafter, a totalitarian regime of NATO forces. was established under the communist leader Enver Hoxha.

National Hero, Gjergj Kastrioti Skenderbeu Declaration of Independence Monument in Vlora Mother Albania Monument

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Traditional houses in Berat − a unique cultural heritage Population Albania has a population of 3.64 Million (est. July, 2009) but only 3.1 Million are Emigrants 0.54M residents and the difference is made of Albania: 3.1M Albanian emigrants which live and work mostly in Greece and Italy. Kosovo: 1.87M In addition to the Albanians living 0.52M Macedonia in Albania, there is about 2.6 Million additional Albanians living in Kosovo (88% − 1.87Million) and Macedonia Total Albanians in region: 6 Million (est) (25% − 0.52 Million)

Capital Natural Resources Tirana is the capital and the largest city of Mining: Chromium, Copper, Iron ore, Albania. Modern Tirana was founded in Nickel, Bauxite. 1614 by Sulejman Pasha. Tirana became Energy: Petroleum, Natural gas, Coal. Albania's capital city in 1920. Natural: Limestone, Salt, Timber, Water. As of 2009, the city's urban population is estimated at 900.000 inhabitants.

Albania Property Group − © January 2010 3 Albania Property Guide 2010 Paving the way for European Integration

Parliamentary Democracy Member NATO − April 2009 Albania to become a member of the European Union by year 2014-15

Credit rating Political Risk: 3 (1 = best; 7 = worst), In global financial market: B1, Moody’s classified as a country of “stable outlook” (Dec. 2009) The enactment rule of law is foundation of free society All new laws are in accordance with western standards Next elections in June 2013 Europe - Albania’s long time aspiration

International Parameters

Ease of Doing Business rank: 2010 index climbed to 82 2009 index: 86 2008 index: 135 Corruption Perceptions Index (CPI) score Transparency International 2009: rank – 95, score 3.2 2008: rank – 85, score 3.4 More links about Albania indicators http://www.worldbank.org.al http://www.doingbusiness.org http://www.transparency.org

Albania is a member of the UN since 14 December 1955

Albania Property Group − © January 2010 4 Albania Property Guide 2010 Economic data Exchange rate (26 March, 2010) EUR/ALL 139 USD/ALL 104 EUR/USD 1.34 The budget deficit is fund 87% by domestic financing (Treasury Bills, Bonds, Credit, Privatization receipts) and 13% foreign financing Interest rates on BoA's Instruments ALL, REPO 5.25% Annual yield for government bonds at the latest auctions are: 3 December 2009, 1 Y bond, 9.24% 17 November 2009, 2 Y bond, 9.60% (fix coupon) 1 October 2009, 3 Y bond, 9.90% (fix coupon) Foreign Exchange Reserve at the end of 2008 marked the level of 1,695 million EUR, enough to cover 4.2 months of imports of goods and services January-October 2009 the trade deficit is 266,427 million LEK (2,050 m EUR). (Source: INSTAT) Flow of goods in foreign trade Export (FOB): 103 b lek Import (CIF): 431 b lek

Albanian current Currency Trade balance: -328 b lek, coverage indicator 23.9% Commercial Banks (2009) Alpha Bank – Albania National Bank of Greece (NBG) Intesa Sanpaolo Bank Albania Banka Kombetare Tregtare – BKT Banka Popullore (BP) Procredit Bank (PCB) (commercial Credins Bank (CB) bank/ microfinancing) Credit Bank of Albania (CBA) Raiffeisen Albania EMPORIKI Bank (Albania) Tirana Bank (TB) (Part of Piraeus Bank) First Investment Bank, Albania (FIB) Union Bank (Albania) (UB) International Commercial Bank (ICB) Italian Development Bank (IDB)

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Albanian Southern Riviera – unlimited potential for development Why should I invest in Albania?

Domestic economy & exports are expanding Established trading patterns with the EU Gateway to the Balkans Free Trade Area - Total labor costs are lower than comparable countries Social security ‘on costs’ amount - 31% of gross wages Adaptable and flexible skilled labor force Extensive language skills, a lot of the younger generation are college graduates

Privatization, Concessions, Reforms BOT/PPP sectors & projects Investment opportunities through privatization Government assets / real estate properties (Feb 2010) Road construction The whole program is expected to finance 1,000 – 1,500 kilometers of roads (signed a crediting agreement with the EBRD) Energy Hydro Power Plant Renewable energy Health care Water Mines Telecom infrastructures

Albania’s lush northern mountains

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Pedestrian bridge over the “Lana” river in Tirana Tirana – Albania’s capital city Tirana enjoys a beautiful setting between the ranges of Dajti Mountain from one side and the coastal plains on the other one. This relatively new city was founded in 1614 by Sulejmen Pashe Bargjini, feudal lord of that time, and proclaimed capital in 1920. However the area has been inhabited as early back as the Neolitic period.

With a population of approx 800,000 Vast urban development in Tirana inhabitants, Tirana is growing rapidly, and is a busy commercial and administrative center with several comfortable hotels, restaurants, discos, pubs as well as modern facilities for conventions and conferences. About 70% of the businesses are located in Tirana area. It is always nice to have a walk in the “Scanderbeg” square in the center of Tirana Grand Park, lying in the southern part of the city and extending over an area of 250 hectares with an artificial lake included. It has 120 kind of plants, decorative shrubs and flowers of various colors.

“Grand Park” in the southern hills of Tirana

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Ksamil Beach in Saranda Saranda – The Pearl of the South Saranda, the gateway to the southern Due to its location and warm weather Albania, is a small town located between Saranda is one of the most attractive high mountain and the Ionian Sea. tourist town in Albanian Riviera, where honeymooners traditionally spend their The name Saranda derives from an early holidays. Christian monastery dedicated to Santi Quaranta (Forty Saints). Located in front of the sea and along the main promenade there are some hotels Located on the shores of Ionian sea, in and restaurants which offer you catering front of Greek island of Corfu, Saranda facilities and accommodation. Daily is characterized by a Mediterranean ferryboat links Saranda with the nearby climate and warm sea waters. Greek island of Corfu.

“Monastery Bay” in Saranda “The Blue Eye”– unique natural spring in Saranda Butrinti – largest archeological site in Albania

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Ksamil Beach in Saranda Durrësi – Albania’s oldest city Durres is an ancient city, founded in The most important archaeological 627 B.C. and known by the names site is the Amphitheatre, the largest in Epidamnus and later on Dyrrachium. the Balkan Peninsula, built in the 2nd Durres is the second largest city of century B.C. with a capacity of 15 - 20 Albania with a population of 150,000 thousand spectators and containing inhabitants which gets almost doubled an early Christian Crypt with rare during the summer! wall mosaics. Worth visiting is also the fortress of Durres of the early Middle Durres is the largest beach and sea Age, V –VI Centuries. destination in Albania. With a coast of 6 km long and 150 –180 meters wide, It is the biggest seaport and the main only 30 km from Tirana. International railway connection center. Located in Airport and 39 km far from the capital the vicinity of international Airport of Tirana. Along the seaside there are Rinas and the capital, Durres maintains tourist establishments which provide regular connections with Italian ports adequate services.

The Durres sandy riviera is the longest in Albania Durrës seaside by dawn

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The adorable Ionian riviera spans the whole length of Vlora Vlora – Miles of White Beaches Vlora coast is situated in the southwestern part of Albania, exactly where the Adriatic and Ionian seas meet. Vlora, through the Otranto Channel, is the nearest point of Albania to Italy (72km). It is 135 km far from Tirana and 123km from Greece. Along the Vlora coastline you will find outstanding white beaches and stunning surroundings. There are plenty of beautiful beaches in places like the natural Park of Llogara, Dhermi, Palasa, Himare and Cold Water (famous for its rich clientele and natural water resources). Vlora averages 274 days of sunshine in a year.

Sazani Island as seen from Vlora’s seaside

Dhërmi – Lush vegetation by the pristine seaside “Cold Water” rocky beach in Vlora Secluded private beach in Vlora

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We promise you a piece of the Mediterranean

“Porto Palermo” in Vlora – Host of the Ali Pasha Castle

Now is the best time to invest in Albania Buying residential, commercial property, or land is straightforward and the lack of restrictions and minimal taxes are just few of the incentives towards buying into the most exciting opportunity in Eastern

www.AlbaniaPropertyGroup.com Europe today. Questions and Answers How much would a property cost me and how big are they? Do apartments come furnished? Is there a need for car parking? Approx how much are communal charges? How much is the Reservation / Agency fee? What do I get for my agency fee? What are the payment terms? What is the process after the initial reservation fee is paid? How can I instruct a lawyer? Can I buy as an individual or company? What other costs do I need to be aware of? What is the rental market like? Are there any guarantees from the developers? Do you organize Property Tours? Do you offer Property Management and Rental Services?

Albania Property Group − © January 2010 11 Albania Property Guide 2010 Q How much would a property cost me and how big are they? A Offices Office property is mainly based in Tirana – two-thirds of all space developed from the beginning of the 1990s have been in Tirana. The office market has seen impressive growth in the last 2 years with several edifices built according to international standards. Tirana has now around 50,000 m2 of Class A buildings completed whilst construction companies not frightened by oversupply may deliver more than 70,000 m2 in the next 36 months with the Millennium project bringing 20,000 m2 alone. Almost half of the modern space in Tirana is located in the Central Business Area; in Tirana centre rents range from 12-18 Euro/1m2 per month, in the very central area from 15-24 Euro/1m2 per month and outside the centre from 10-14 Euro/1m2 per month. In addition to rental costs there are the costs of services amounting to 1-3 Euro/1m2 per month. Residential The purchase price per 1m2 will vary depending on the location and the area within that location. To purchase in Tirana, for instance, the prices vary from 500-550 Euro /1m2 in the more populated Kashar and Yzberisht regions, to 800-1000 Euro /1m2 per m2 in the lake area, 1000-1200 Euro /1m2 in Tirana e Re and 1200-2000 Euro /1m2 in the Block area. The coastal cities Durres with prices which vary from 500 Euro/1m2 close to the sea without sea view up to 1000 Euro /1m2 in the front line or in the resorts south of Durres. Vlora with prices which vary from 550-600 Euro/1m2 in the old beach area up to 750-950 Euro/1m2 along Skela-Uji Ftohte road, and 1000-1200 Euro/1m2 beyond the Tunnel at Uji i Ftohte. In Saranda, you would expect to pay from 500-700 Euro/1m2 at Street 5 with good sea view, up to 850-1050 Euro /1m2 for apartments in the frontline which is 30-50 meters from the sea. At Albania Property Group we would always look to work with experienced developers and try to achieve below market value. A typical one-bedroom apartment would be around 55-75 m2 and the two beds from 80-100 m2. They would both have balconies, communal areas and one or two bathroom, which are included in the size of the apartment.

Albania Property Group − © January 2010 12 Albania Property Guide 2010 Q Do apartments come furnished? It would be very unusual to find apartments being sold with furnishing. Albania A Property Group has managed with the our exclusive project SARANDA AZZURRA to offer kitchen furniture and central air-conditioning within the selling price. Considering that competition is becoming stronger and stronger developers are more willing to offer furniture, higher quality works, and therefore accept lower margins. Furniture packages are available through Albania Property Group and will cost from about 3,000 Euro, depending on grade and amount of bedrooms. Consid- ering that most of the foreigners invest in coastal properties we would highly recommend to go for locally produced furniture which can be produced at good quality and low cost. Our after-sale services include Furniture Packages, Property Management and Property Rental Services. These services are explained in detail under “Services” section at our website www.AlbaniaPropertyGroup.com. Air conditioning costs from 400 Euro per unit but is sometimes included in the developer’s price. However, do expect the following to be included in your apartment: plumbing, electrics, sanitary ware / bathroom tiling, sockets, doors, double-glazing. Q Is there a need for car parking? Parking is a problem in Tirana and the coastal towns. Our advice at Albania A Property Group would be to purchase if you can afford it. It will be money well spent as an investment and will be an important commodity when selling or renting. Prices will vary from 12,000 to 25,000 Euro in capital city Tirana; 10,000- 15,000 Euro in Durres and Vlora; and 7,000- 12,000 Euro in Saranda. These prices can be added to your property price and financed over 25 years if you wished. Car parking will achieve the same 10% -20% capital growth in the investment areas. Q Approx how much are communal charges? Expect to pay around 250–300 Euros a year for maintenance in the residences A without swimming pool. Around 600 Euros for electricity, water, sewage, garbage in the case that you will spend 10-12 months in your apartment, and an additional 300–400 Euros for maintenance of swimming pool and green areas if applicable.

Albania Property Group − © January 2010 13 Albania Property Guide 2010 Q How much is the Reservation / Agency fee? The Reservation/Agency fee is 2,000 Euro for apartments and Land fees 3.5% A on a sliding scale downwards, minimum 3,500 Euro. This fee is payable immedi- ately on return of the reservation form. On receipt of this money and form, there is usually a cooling off period of 15 days, in case the buyer, should wish to not proceed with the purchase. On receiving of this fee our company communicate with developing company and takes the apartment out of the market and starts the legal proceedings in order to finalise the undertaking contract.

Q What do I get for my agency fee? We work on a set reservation fee as oppose to a percentage as we feel it penalizes A the higher spender. The fee is small in comparison of other countries. Airport transfers from Tirana Accommodation Arrangement Car hire through our Rent-a-Car Program Market overview Property Tour Legal advice Assistance with arranging finance/opening a bank account A Power of Attorney option, so that we can finish the paperwork for you once you leave Discuss After Sale Services through our agency such as Property Management, Furniture Packages and Rental Agreement. Reservation Fee of 2,000 Euro for the apartment includes all the services above

Q What are the payment terms? Generally you would pay between 20%-30% of your total purchase after the A pre-contracts have been signed by you and your POA. The percentage varies depending on how far the construction is towards completion. Then we try to put other payments in relation with the stages of construction. Therefore payments might follow with another 30% on completion of concrete shell of the residence, 15%-20% on completion of installations, 10%-20% on delivery of the apartment and 10% with registration and receiving of the title deed. The final payment is often not until four-five months after completion. Clients are allowed to furnish and live in the properties before they receive the deeds.

Albania Property Group − © January 2010 14 Albania Property Guide 2010 Q What is the process after the initial reservation fee is paid? A Appoint a lawyer Await POA certificate to be sent via email Sign certificate in front of notary in your own country and have the POA apostilled. Return POA certificate to your lawyer in Albania. Receive by email draft of undertaking-contract. Liaise with lawyer for any issues or clarifications & agree on the draft. Await pre-contract signed by lawyer and developer. Make first installment by bank transfer, with details supplied by Albania Property Group. Other installments will follow during the construction period.

Q How can I instruct a lawyer?

Since Albania Property Group started selling Albanian property to interna- A tionals 5 years ago, it has been possible to source the best independent lawyers and recommend them to our clients. There is no obligation for buyers to use our recommended lawyers and our advice would always be to consider some sort of consultation with an international lawyer in your own country in an advisory capacity. You would expect to pay from 600-2000 Euro for a quality English speaking lawyer in Albania. Price is determined based on how many units you buy. Further to our initial due diligence with a lawyer, in checking paperwork etc, your lawyer would be your contact through the initial contract procedure up until your first payment. They would also be on hand to remind you when further payments are due and to push for security of your title deeds after completion of the project. At Albania Property Group we will be using our own in house lawyer to verify papers before passing onto the lawyers for final checking and stamps.

Albania Property Group − © January 2010 15 Albania Property Guide 2010 Q What other costs do I need to be aware of? After residence is completed expect to pay 300-350 Euro for the contracts with A Electricity and Water companies. On registration of apartment you will sign the Sale & Purchase Contract, and at same time you will have to pay 4-5 Euro per 1m2 for the Registration Tax. Should you decide to sell the property, there is a Selling Tax (similar to capital gains tax) of 10% payable in Albania, on the difference between purchase and sale. There is also a flat income tax of 10% on the rental income, should you rent your property out. Starting on January 2008 corporate tax was also reduced to a flat 10%, as is income tax. With all this in mind, your only extra fees in purchase will be real-estate agents and lawyers. For total tax and financial advice, Albania Property Group can recommend certified accountants to help you through any questions you may have in this respect.

Q What is the rental market like? Albania has never been on the high on the world tourist map. However it A has been moving up the league table gradually over the last 4 years and is acceler- ating fast. A 22% increase of the number of visitors over the last two-three years, through the international airport in Tirana, proves this. Albania Property Group has always said that in these early days. It is therefore important to understand that on the coast the rental market can not be guaranteed. One would expect to receive 7% rental income yield in the high summer months from best properties in the coastal cities. At same time rental income in central Tirana can surely go higher than income in coastal cities. Big tour operators are not yet present in the country and of course this situation will change. Once they are in, on a larger scale, then travel agents and holiday programmes will be singing the praises of this stunning country and the rental market will shoot up accordingly. With new airports at Vlora and Saranda under discussion, ferries running daily from Corfu and Italy and major roads linking all parts of the country to their neighbors, about to finish – tourism will be very big business very soon.

Albania Property Group − © January 2010 16 Albania Property Guide 2010 Q Can I buy as an individual or company? The tax benefits are better to buy as an individual for residential property, A however a local company would be needed should you be venturing in securing land. With the latest improvements in the procedure of registering a company in Albania you can make such registration within 24 hours.

Q Are there any guarantees from the developers? Albania Property Group is very particular in the developments that come onto A the market through themselves. All the paperwork is checked with our lawyer and solicitor to be sure of legality and title. It is nearly always the case that that developers will look to raise finance from the financial institutions, which will themselves cross check the credibility and finance of the developer. This package gives the comfort of security to all our investors at Albania Property Group.

Q Do you organize Property Tours? Many of our clients have never been to Albania and want to visit to get a feel A for the country, the coastline, cities, its topography, and the various areas for potential investment. We welcome you and highly recommend that you come to the country and take one of our “Albania Property Group Tours” that have garnered many rave reviews from our clients. We are the most experienced in rentals and management in the Albanian market and now we have 3 offices in Albania – Tirana, Saranda and Vlora. The property tour is a “rolling mini-seminar” through most key areas of the country - from Tirana, Durres and then down south to Vlora, Dhermi, Palase, Himara and Saranda. Our professional sales agents have deep knowledge about property issues, property management, maintenance expenses, and other issues specifically relevant to owning investment property. We believe in educating our clients, not applying high pressure sales tactics.

Albania Property Group − © January 2010 17 Albania Property Guide 2010 Q Do you offer Property Management & Rental Services? Albania Property Group provides full Property Management Services to owners A of single family homes, individual and multi-family apartments. We specialize throughout Albania, with superior service to protect your investment. Albania Property Group gives each property individualized attention during every phase of management. Today owners require a wide range of services depending upon the property and market conditions. Albania Property Group agrees to look after the property, to maintain, to repair the property and to hire and to supervise all employees and other needed labor. For a monthly fee of 40-60 Euros our services to be offered will be: Maintenance and Services One complete cleaning of apartment per month. Collecting & Paying utility bills and yearly taxes. Check of all contents against the inventory in case the apartment is rented Visual inspection of the interior, and check for obvious defects Test of all appliances and electrical equipment Examination of all furniture and furnishings for wear and tear Check of all sanitary equipment and plumbing Test of security services and equipment Preparation and sending of monthly report Property Rental Services We are here to advise you about the letting market, applicable laws and taxes and inform you how to best maximize the rental return of your property in Albania. We will take responsibility for ensuring that your property is rented in accordance with all local and state laws of Albania. We study access and rental opportunities to best meet your needs before we inform you of what will the best and realistic rental return option for your property. Once you have committed to our rental management plan, we then take photos of your property and upload them on our rental web site as well as the other travel sites with whom we cooperate. In addition we advertise your property in different directories, search engines, and magazines as well as with tour operators. We will cover all aspects of supervising the rental agreement.

RentInAlbania.com

Albania Property Group and has been offering apartments, villas, offices and commercial buildings for rent in Albania since 2005, with hundreds of satisfied customers. Comprehensive expertise and knowledge of local laws and market conditions. Exposure to all real estate professionals to rent your property. Advertising on our web sites for free. Detailed records and accounting reports. Professional screening of tenants. Professional relationship with tenants. Reduction in tenant turnover and increased occupancy rates through strict screening and constant supervision. Efficient rent collections.

Compensation of Albania Property Group: Renting period: Up to 3 Months Commission from the owner: 10% of total rent to be received Commission from the client:10% of total rent to be paid Renting period: 4 Months - 6 Months Commission from the owner: 30% of first month rent Commission from the client: 20% of first month rent Renting period: 7 Months - 12 Months Commission from the owner: 60% of first month rent Commission from the client: 30% of first month rent Renting period: 13 Months - 24 Months Commission from the owner: 100% of first month rent Commission from the client: 45% of first month rent Renting period: 2 Years - 5 Years Commission from the owner: 120% of first month rent Commission from the client: 60% of first month rent

Immaculate beach in Dhërmi – Vlora Conclusion In the past few years, Albania has made An encouraging factor in favor of rising clear progress in a number of areas standards in the Albanian markets necessary to allow the smooth running over the next years is the anticipation of real estate finance and real estate trans- of continuing GDP and consumer actions. expenditure growth compared with the EU recession. The economic The lending environment is greatly knock-on effect will benefit real estate improved. Although limited by growth, investment opportunities and numerous factors discussed above, development prospects. mortgage lending even in the actual context is underway, as well as The growth of the economy, the price “consumer” lending for housing purposes. stability with a low inflation rate of 2.5%, the favorable tax system, the increase in Overall, there is a growing awareness urbanization, the demographics and the among the government of the impor- Diaspora are determinant factors that tance of the real estate sector and the are likely to deliver a different profile of need to push reforms to solidify and performance to that in Western markets. improve its legal and administrative framework. NATO membership, bright prospects for EU membership, a better political Foreign investors have just started to climate, the developing economy and chase the emerging Albanian real estate moving real estate prices – Albania has it market in fear of missing out on the all. Enthusiasm from local investors has last European newcomer. Opening the been substantial and interest from inter- country to international investors is national investors is just emerging. The desirable for increasing transparency real estate market in Albania currently and building up expertise. Foreign offers specific opportunities and looks capital is also important as additional set to do so for the foreseeable future. source of finance.

For further details on how we can supply you with more information on outstanding investment opportunities, please contact us:

Tirana Office - Headquarters Kavaja Street, Tirana Tower 59, Floor 6 Tirana, Albania Ilir Konomi - Managing Director - Albania Cell: +355 6720 80001 / +355 6940 00711 Office: +355 42 271 746 Fax: +355 42 271 746

Saranda Office Lagja 4, Rruga e Portit, Sarande, Albania Dori Sotiri - Office Manager Cell: +355 6720 80002 / +355 6940 00744 Office: +355 852 241 92

Vlora Office Lagja 8, Prane Qendres Riviera Vlore, Albania Besnik Haruni - Office Manager Cell: +355 694 0007 12

USA and Canada Greater Milwaukee Area Wisconsin, USA Sam Dardha - Managing Director - Intl. Crystal-clear beach in Ksamil – Saranda Cell: +1 414 852 5513