Businesses that have been successful in Albania in recent years

Managing a business, especially a small one, is becoming increasingly difficult.

The decline in consumption, the increase in competition from large chains and malls are only reducing turnover, but also the profits that the entity makes at the end of the month.

But, do you know which are the types of businesses that have earned the most in relation to total revenue?

1.Real estate

In the first place for 2019 has passed the activity of real estate, with a profit rate of 25%, from almost 19% that was the previous year. The return of Tirana to a construction site, the increase in sales as a result of the inflow of informal resources, have made the real estate business a favorite. Other INSTAT data show that the number of entities dealing with real estate activity has doubled in recent years, approaching 800. Even during the pandemic period, premises being vacated by businesses that are closing are being turned into offices. of real estate.

2.Professional services

The business of mind is being valued more in recent years. INSTAT data show that in 2019, this activity resulted in a profit rate of 23%, from 15.3% the previous year. Meanwhile, many free professions have opened entities and have been separated from their employers, due to the high tax on salaries over 150 thousand ALL.

3. Letters and prints

Although paper seems out of date due to the development of technology and online communication, the business of paper and printing continues to be profitable. According to INSTAT, the profit rate of this activity was 18.9% in 2019, from 12.8% a year ago.

4.Posting and storage

The postal activity has taken on a new dimension after the development of online commerce. According to INSTAT, it is the fourth most profitable sector in the country, with a rate of 17.6% in 2019, although declining, compared to 20.6% the previous year.

Other sectors

The list of profitable activities is followed by information and services, with a return of 17.1%. accommodation marked a significant improvement in performance, with a return of 20%, from 2% the previous year, while 2019 was the best historical year for tourism, with over 6.2 million foreign nationals entering the country. Health is another good activity (13.7%), especially after the pandemic.

Food services (bars and restaurants) earn on average 11.3%. The trade business, retail, the most widespread in the country, has an average return of about 10%.

Businesses that earn less

Travel agencies, which mainly receive ticket commissions, have a low profit of about 4.1%. The wholesale trade has a profit rate of 4.1%, but this activity works with low margins due to the large volumes that circulate.

Only two sectors were at a loss in 2019, that of water supply (-0.2%), due to the aggravated situation of water supply and other processing engineering (-7.9%).

Monitor.al