Samir Mane

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Samir Mane
Born24 December 1967
NationalityAlbania Albania
Known forBalfin Group
Mane TCI
QTU
Tirana East Gate
Tirana Logistic Park
Children4

Samir Mane is an Albanian entrepreneur. He is president and owner of Balfin Group, which is the largest private investment groups in Albania and South-east Europe. The Group's investment portfolio embraces activities of real estate development, retail sales, commercial and industrial space management/services, mining and metallurgy industry, customer financing, est. Actually part of Balfin Group are more than 18 companies; geographically the Group is present in 7 countries, employing more than 5,000 people.

Biography[edit]

Mane was born in the southern Albanian city of Korça on 24 December 1967. He was a student of the Faculty of Geology and Mining at Tirana University when the communist system in Albania collapsed. In this new social, economical and political situation he emigrated in Austria looking for a better life. Mane started working as a translator, helping himself to create contacts with the business world too. Whilst living in Austria in 1993, he spotted the opportunity to start business with electronic products and home appliances in Albania. In 2008 he was included in the Financial Times top four "people to watch in business" in Albania.[1] Mane's net worth is estimated to be around 1.2 billion euros. [2]


Alba Trade and Neptun[edit]

The beginnings of Mane's business activities started in 1993 in Vienna, where 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 as well. 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 Kosova, Montenegro, Macedonia and Serbia.[3] [4]

Mane TCI[edit]

Since 2002 Balfin Group is present in development and real estate management projects. Through the company Mane TCI it has realized industrial and residential facilities of the highest standards in Albania such as Rolling Hills, Ambasador 1, 2, 3, etc, or the well known shopping centers such as TEG or QTU.

QTU, Euromax, Fashion Group[edit]

In 2005, it was inaugurated the first shopping center in Albania, Qendra Tregtare Univers (Universe Trade Center). This was a very ambitious project of Mane's for the time and revolutionized the purchasing way of the Albanian customers. Even today QTU is still one of the most popular and successful shopping centers in Albania.

The year 2005 marked the establishment of the first Albanian chain of supermarkets, Euromax. In a very short time Euromax managed to turn into the largest network of supermarkets in Albania offering quality with the best prices.

Fashion Group was established in 2005 to bring in Albania the most popular brands of clothing, offering the latest collections for all Brands of Fashion Group are: Mango, Goldenpoint, Calliope, Geox, Parfois, Okaidi, Prenatal, Terranova, Springfield, Carpisa and Etam.

TEG[edit]

In 2011 Balfin Group completed another important project, Tirana East Gate. With an investment of €54 million, it was constructed the most modern and the largest shopping center in Albania with over 90'000 m2.

Skopje City Mall, Honorary Consul of Thailand, Tirana Logistic Park[edit]

In October 2012 Balfin Group concluded one of the most important investments of the group abroad, Skopje City Mall. This €68 million project was developed in cooperation with the participation of international partners.

In March 2012 he was named the honorary consul of Thailand at the opening ceremony of the new consulate.[5]

Again during 2012 Mane with Balfin Group undertook a bold project yet again, building a logistic park, which is another groundbreaking innovation for the Albanian market. Tirana Logistic Park is designed to provide services not only to Albanian businesses, but also the foreign. This investment will be developed in phases and the first phase was finalized in October 2013. The total investment costs are planned to be about €44 million.

AlbChrome[edit]

In 2013 Balfin Group took a very important step to diversify the portfolio of activities in the mineral industry by acquiring 100% of the shares of ACR Holding, the largest company of extraction, enrichment and processing of chrome in Albania.

Mane has created the most successful Group in Albania with more than 4,000 employees.

Green Coast[edit]

In 2015, Mane started building, Green Coast, which is among the most luxurious compounds among the Albanian Coast, containing ten types of buildings, from elite villas to apartments, including a 5 star hotel. This project is taken on by Mane TCI . [6]

Spar and Interspar[edit]

In 2016 Mane and Balfin Group turned all the Carrefour in Albania, into Spars and Interspars. This is a Dutch brand, founded on 1932 and is currently present in more than 42 countries around the world.

NewCo Ferronikeli and Tirana Bank[edit]

2018 was a successful year for Mane and Balfin Group, where they announced the acquisitions of NewCo Ferronikeli, the integrated nickel mine and smelter based in Drenas, Kosovo. Immediately after the purchase they injected sufficient funds to restart the plant and bring it back to full production, as well on agreeing to repay the existing supplier debts of the company and paying outstanding salaries. Another major transaction was the acquisition of Tirana Bank in cooperation with Komercijalna Banka from Macedonia, where Balfin Group holds around 90% of the shares.[7]

Controversy[edit]

Mane has been subject to strong controversy from Albanian activists and his competitors, due to his strong economic influence within the country and in the region. There has been so-called rumors for political connections, and especially many attempts to black-mail him and is companies, but nothing proved. What remains true and official is the fact that Samir Mane and his group, BALFIN Group, has never participated in so far in public tenders nor benefit a single dime from public budget. This is also reflected onto the group development trend and its portfolio diversification strategy.

References[edit]

  1. ^ "People to watch in business". Financial Times. 2008-03-27. Retrieved 2012-08-08.
  2. ^ "Biznesmeni shqiptar Samir Mane, në listën e më të pasurve të Evropës".
  3. ^ http://www.oranews.tv/vendi/neptun-me-dyqan-te-ri-tek-cristal-center-oferta-per-te-gjithe-te-interesuarit/
  4. ^ https://balkanweb.com/rrefehet-samir-mane-biznesmeni-me-i-pasur-ne-shqiperi-si-e-bera-milionin-e-pare/
  5. ^ "Zamir Mane, konsull nderi i Tajlandës në Shqipëri". Balkanweb.com. Retrieved 2012-08-08.
  6. ^ "Në Tiranë do ndërtohet shumë, pritet ngecje e shitjeve, bankat janë tërhequr".
  7. ^ "Samir Mane blen Tirana Bank, japin autorizimin BSH dhe Konkurrenca".