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When there is insufficient competition, dominant firms can use their market power to charge higher prices, offer decreased quality, and block potential competitors from entering the market – meaning entrepreneurs and small businesses cannot participate on a level playing field and new ideas cannot become new goods and services. Healthy market competition is fundamental to a well-functioning Albanian economy. Basic economic theory demonstrates that when firms have to compete for customers, it leads to lower prices, higher quality goods and services, greater variety, and more innovation. The competitiveness index for Albania is estimated at 4.06 points (out of the 7) according to the Global Competitiveness Report 2016-2017, published by the World Economic Forum.

The knowledge economy is supported by innovation, research, and rapid technological progress. The knowledge economy lies at the intersection of private enterprise, academia, and government-sponsored research. The overwhelming majority of workers in the knowledge economy are extremely computer-literate and skilled at creating business and financial models. In the knowledge economy, research-based innovation is accommodated through patents and other forms of intellectual property. Unlike in the past, when the economy depended heavily on unskilled labor jobs and consisted primarily of the production of physical goods, the modern economy consists more of service industries and jobs that require thinking and data analysis.

Adriapol Institute seeks to promote emerging and existing entrepreneurs and connect them with the innovation needs of Albanian enterprises, build national and international business relationships, and facilitate startups’ fundraising activities through organizing and hosting specific events such as training, workshops, pitching, networking, startup academy, etc. As a response to a growing interest in the communities to engage in startup activities and the ecosystem’s efforts to strengthen and promote startups in Albania, Adriapol Institute is engaging in different startup activities.

Job creation often takes place as industries are convinced to expand their activities in a regional setting that is imbued with start-up initiatives and an existing local drive toward employment. This environment is ripe for innovation. Innovation based on import substitution and the processing of materials and ores found in the region can lead to the development of new/renovated products and services. Innovation is also required in developing flexible training, education, and employment services for those wishing to re-enter the labor market, those needing on-the-job training, and those coming from vulnerable populations.

The tourism sector plays a vital role as a driver of economic growth and development in most countries as it helps create employment, increase income, and generate demand and growth in many other sectors. But it must be said that the tourism value chain is very dependent on the climate, sea water, sunlight, and natural landscape. This type of climate is not absent in the country of Albania. Some of the industries in which the Institute is involved are the accommodation industry, food and beverage services, recreation and entertainment, travel services, and others.

Well-being city. It aims to produce the best quality of life for citizens, but also to create regional attractiveness both for people and for business. A well-being city is a city that prioritizes the overall well-being of its citizens, with a focus on factors such as health, happiness, and quality of life. Technology is only a part of the instruments used to obtain these goals, but also culture, climate, history, and monuments are considered important success factors (Dameri, P. R., 2014). A well-being city typically emphasizes sustainable development, equitable access to resources and opportunities, and a strong sense of community and social cohesion.

The agrifood value chain refers to the entire process of bringing agricultural products from the farm to the consumer. It includes all the activities involved in producing, processing, distributing, and marketing food products, as well as the various services that support these activities. The agrifood value chain involves multiple stakeholders, including farmers, processors, distributors, retailers, consumers, and various service providers such as logistics, marketing, and financial institutions. Each stakeholder adds value to the product as it moves along the value chain, with the ultimate goal of providing high-quality, safe, and nutritious food products to the consumer. Effective management of the agrifood value chain requires collaboration, coordination, and integration among the various stakeholders to ensure efficiency, sustainability, and profitability. This can be achieved through the use of modern technologies, data analytics, and innovative business models that optimize resource use, reduce waste, and enhance the quality and safety of food products.

The main sources are wind energy, solar power, and hydroelectric power (including tidal energy, which uses ocean energy from the tides in the sea). Solar and wind power are able to be produced on a small scale at people’s homes or alternatively, they can be generated on a larger, industrial scale. The six most common forms are:

  1. Solar Power
    This common type of renewable energy is usually produced using photovoltaic cells that capture sunlight and turn it into electricity.
  2. Wind Power
    Wind energy uses the power of the flow of air around the world to push turbines that then generate electricity.
  3. Hydropower
    Also known as hydroelectric power, this type of green energy uses the flow of water in rivers, streams, dams, or elsewhere to produce electricity.
  4. Geothermal Energy
    This type of green power uses thermal energy that has been stored just under the earth’s crust. While this resource requires drilling to access, thereby calling the environmental impact into question, it is a huge resource once tapped into.
  5. Biomass
    This renewable resource also needs to be carefully managed in order to be truly labeled as a ‘green energy’ source.
  6. Biofuels
    Rather than burning biomass as mentioned above, these organic materials can be transformed into fuel such as ethanol and biodiesel.