An Analysis of Business Environment of Construction Industry in Albania

Abstract

Following the collapse of communism in 1990, Albania introduced with capitalism as new economic order in the country. Since that time, Albanian economy has been developing day by day especially depends on some sectors. The construction industry in Albania has recorded significant growth during these transitional years. Business environment refers to the aspects that surround the business enterprise which has influence on the functioning of the business. Businesses are affected by internal and external environment factors. While, the businesses are able to control and manage internal factors, external factors are beyond of the control of businesses. After the mentioning some fundamentals of theoretical issues about business environment, this study presents relationships among construction industry in Albania and influential factors such as; politics, economy and operational efficiency. In order to explore these relationships a questionnaire designed and conducted on 130 respondents which 38 of them are foreigners in Albanian construction industry. As an overall result of questionnaires demonstrates that the people in Albanian construction industry are satisfied with current business environment and they have optimistic thoughts for the future of construction industry in Albania.