Albanian textile industry hit by energy crisis and migration
Albania’s textile and footwear industry is increasingly facing a series of challenges, including energy costs and inflation, combined with competition from Asia, which could jeopardise some 150,000 jobs (reports Euractiv).
The country’s textile industry employs more than 150,000 people, with the vast majority of workers being female, across 1,034 companies. But industry representatives who gathered at the International Textile Fair in Tirana last month said the situation is deteriorating owing to rising energy prices, the devaluation of the euro in the local market, labour shortages and increased competition from Asia.
For the full story, see the November 2022 edition of Textiles Eastern Europe.
Photo: Invest in Albania