East European Energy: Prospects for Improvement in Albania's Energy Sector - Government Accountability Office (GAO) report

East European Energy: Prospects for Improvement in Albania's Energy Sector - GAO Report

Date:	Nov. 4, 1992
Report No.:	NSIAD-93-27
Pages:	54
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Subjects: Energy industry Energy supplies Foreign governments Hydroelectric energy International economic relations International trade Investments abroad Oil importing Power generation AID Emergency Energy Program AID Regional Energy Efficiency Project Albania Federal International Energy Trade and Development Opportunities Program Trade and Development Program UN Development Program Yugoslavia Economic analysis Summary: Albania, by far the poorest nation in Europe, has recently emerged from a long period of Communist rule and international isolation to embrace democratic and free market principles. The reform-oriented government elected in March 1992 confronts an economy in shambles and desperately needs foreign investment to recover. Albania's energy sector can play a key role in speeding the country's economic recovery. This report discusses the (1) trends in and problems related to Albania's energy production, imports, exports, and use; (2) plans by Albania to address its energy problems; (3) role of foreign trade and investment in Albania's energy sector and factors that discourage them; and (4) U.S. government and international organizations' efforts to help Albania's energy sector and improve its business climate.