BALFIN Group (Balkan Finance Investment Group) is an

Albanian Albanian may refer to: *Pertaining to Albania in Southeast Europe; in particular: **Albanians, an ethnic group native to the Balkans **Albanian language **Albanian culture **Demographics of Albania, includes other ethnic groups within the country ...

private investment group and one of the largest private investment groups in

Western Balkans The Balkans ( , ), corresponding partially with the Balkan Peninsula, is a geographical area in southeastern Europe with various geographical and historical definitions. The region takes its name from the Balkan Mountains that stretch throug ...

and some countries of the

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. It owns some of the largest companies in Albania. BALFIN Group is one of the most important and successful investment groups in the Western Balkans region. BALFIN Group was founded in 1993 in

Vienna Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. ...

by Samir Mane, and today is present in

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North Macedonia North Macedonia, officially the Republic of North Macedonia, is a landlocked country in Southeast Europe. It shares land borders with Greece to the south, Albania to the west, Bulgaria to the east, Kosovo to the northwest and Serbia to the n ...

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, and in the

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. BALFIN is a diversified group active in real estate, wholesale and retail, banking, asset management, tourism, education, and logistics. The Group employs approximately 5,000 people, and is a major player in the Albanian and international markets operating in ten countries.

History

The beginnings of Balfin Investment Group started in 1993 in

, where Samir Mane founded Alba-Trade. Having started with the trade of electronic devices, soon the BALFIN Group, created by Mane managed to create the largest network of electronics stores in Albania, Neptun and then extending the network in the neighboring countries of Kosovo and Macedonia. Neptun's chain of stores was positioned from the beginning in 1993 as the main electronics player in the Albanian market supplying the demand with the best brands and latest technology. Today this business created by Mane counts 28 stores in Albania and more than 27 in

and

. In 2005, Balfin Group built QTU, the first shopping center, revolutionizing the way that Albanians used to shop. In 2011, Balfin Group built a second shopping center TEG, the most modern and biggest shopping center in Albania and the region. In the same year, Jumbo Albania, the largest toy store in the Balkans became part of BALFIN Group. From 2005 until 2011, several companies were created or became part of BALFIN Group such as: Fashion Group ALBANIA, ACREM, FoodWay, Elektro-Servis. In 2012, Balfin Group started building Tirana Logistic Park, designed to provide services not only to Albanian businesses, but primarily offering an international standard service. Immediately after starting the construction of this important project, Balfin Group concluded one of the most important investments of the group abroad, Skopje City Mall, which was sold a few years later. In 2013, Balfin Group acquired 100% the shares of ACR Holding, which is now called AlbChrome. AlbChrome is the leader in the mining and metallurgy industry in Albania, the Balkans and the second largest in Europe. In 2015, Balfin Group started the construction of Green Coast Resort & Residences, the first premium resort located on Caesar's Beach in

Palasa Palasa is one of the twin towns located in the Srikakulam district of Andhra Pradesh, India. The town is situated between Srikakulam and Berhampur. It is categorized as the second grade municipality. Also the town serves as the headquarters ...

, Albania. The beachfront Resort has finished delivering the villas built in the first and second phase and is now constructing phase 3 and 4 (Final) including a 5 star international brand hotel. REAL ESTATE – Balfin Group started the activity in the field of construction in the early of 2000, first focusing on the construction of residential and commercial areas in Albania. Latter the Group expanded its activity in the construction of Commercial and Industrial areas, elite and tourism projects not only in Albania, but also in North Macedonia,

etc. In the same year AgroCon Albania was established, developing its activity in the field of agriculture for the production of agricultural products, wholesale and retail of agricultural products in Albania and abroad. SPAR became part of Balfin in 2016, intending major investment and an expansion of SPAR in Albania. A joint venture established by Milsped and Balfin Group in 2017, Stella Mare, is representative of

Maersk (), usually known simply as Maersk ( ), is a Danish Freight transport, shipping and logistics company founded in 1904 by Arnold Peter Møller and his father Peter Mærsk Møller. Maersk's business activities include Port operator, port operat ...

Line Company, the largest group of shipping containers in the world, offering its services in Albania. Balfin Group continued to expand even in 2018 when Skopje East Gate (SEG), which was established in 2017, announced a large investment in

, including a shopping center, and several blocks of residential and business complexes. In 2018, Balfin Group concluded the acquisitions of Dyqan Taxi, the largest online retailer in Albania, NewCo Ferronikeli, the largest exporter of

and one of the largest producers of nickel in Europe, and Tirana Bank, the first private bank in Albania.

Subsidiaries

* Mane TCI * Alba-Trade * Neptun Electronics * Tirana Bank * Spar Albania * Balfin Real Estate * Green Coast * Skopje East Gate * Jumbo Albania * Mane Development * Fashion Group Albania * TEG - Tirana East Gate * QTU - Qendra Tregtare Univers * Tirana Logistic Park * ACREM * Balfin Asset Management

References

{{Reflist 1993 establishments in Albania Investment companies of Albania