Best Paying Companies in Albania

Albania’s highest-paying companies are mainly in sectors such as oil & gas, energy, banking, telecommunications, and pharmaceuticals. Executive salaries in these industries can range from €4,000 to €7,000 per month, with bonuses included.

1. Oil & Gas and Energy

The best-paying sector in Albania is Oil & Gas, with major international companies such as BP and Shell leading the way.

Executives in this sector earn between €6,000 and €7,000 per month, including bonuses.

The Trans Adriatic Pipeline (TAP), which is a key energy infrastructure project in Albania, also offers high salaries for professionals in the field【9】.

2. Banking

Banking executives in Albania earn €6,000 to €7,000 per month, with some receiving additional bonuses.

However, the sector has slowed down due to economic stagnation, resulting in fewer acquisitions and executive changes【9】.

3. Telecommunications

Executives in this sector earn between €5,000 and €7,000 per month.

The market has remained stable, and salaries have not changed much in recent years【9】.

4. Pharmaceuticals

Foreign pharmaceutical companies in Albania offer competitive salaries, with executives earning up to €4,000 per month.

However, salaries in local pharmaceutical distribution companies are lower【9】.

5. Construction and Retail

Salaries in construction and retail are lower compared to other industries.

However, executives working for large supermarket chains can still earn relatively high salaries【9】.

International vs. Local Companies

International companies generally offer higher salaries than local companies.

Senior executives at foreign firms earn between €39,000 and €52,000 per year, while local executives make €24,000 to €36,000 per year【9】.

Taxation on High Salaries

High-earning individuals in Albania face a 23% income tax, which is higher than in neighboring countries such as Montenegro (11%) and Serbia (10%)【9】.

Conclusion

The best-paying companies in Albania are in the oil & gas, energy, banking, and telecommunications sectors. Large multinational companies generally offer the best compensation, and executive salaries vary based on industry demand and economic conditions.