Prof. Dr. Vasilika Kume: TBU offers real career opportunities in Business and Technology

It has been over a year since Prof. Dr. Vasilika Kume joined the academic staff at Tirana Business University (TBU). With a long career at the Faculty of Economics at the University of Tirana, Kume has a lot to say about TBU—especially about the real opportunities the university provides for students to start and develop careers in business and technology. Among these opportunities are internships at companies within BALFIN Group, in all the countries where it operates, making theory practical and applicable.

For the rector, TBU “doesn’t just follow trends, but builds sustainability through clear values and a clear vision.”

She first reflects on today’s relationship between young people and university studies, then moves on to discuss the future of higher education in the country and concludes by emphasizing the role and contribution of TBU in preparing ambitious young professionals who are well-equipped to face the dynamics of the job market and the power of innovation.

We invite you to read the full interview below:

What motivated you to accept the invitation to join the academic staff at Tirana Business University (TBU)?

After a 40-year career at the Faculty of Economics at the University of Tirana, I had doubts about whether I should continue my academic work. TBU attracted me with its modern approach to teaching, its connection to the job market, and the opportunities it offers for institutional development. Throughout my career as a teacher, I’ve always tried to be fair with my students and dedicate myself to shaping them both professionally and personally. This principle has guided every step of mine. When I decided to continue my journey in a new role, I looked for an institution that shares the same values, and I found this at TBU. The decision to join TBU came naturally as a choice to continue contributing to the improvement of education quality in an environment that values experience and promotes positive change.

How would you define today’s relationship between young people and university studies? Has this relationship changed over the years?

Today, the relationship between young people and universities is more practical and aware. University is no longer seen as the only path, but as one of several options, alongside professional programs, technical training, or freelance work. The choice is made based on concrete benefits. This requires universities to be more connected to the market, more flexible, and focused on real experiences like internships, entrepreneurship, and internationalization. The change is continuous and requires an active response from institutions.

How do you see the future of higher education in Albania? Does it need changes in how professional preparation and education are offered to students?

The future of higher education in Albania depends on the ability to adapt to social, economic, and technological changes. Today’s students are better informed, have more global access to information, and have higher expectations from their university experience. This requires a fundamental shift in understanding them: moving from a model that “gives knowledge” to one of co-creating knowledge, skills, and experience.

This means more mentoring, more real projects, collaboration with businesses, and support for personal and professional development. TBU prioritizes these elements through flexible curricula, practical teaching methods, and an active student role in the process. Developing extracurricular skills, especially soft skills, is an integrated part of our model: communication, teamwork, time management, critical thinking, and problem-solving are treated as essential skills for any profession. TBU continually invests in training and activities that strengthen these competencies.

Through the implementation of the “Engagement Policy,” every course aims to create a proactive and collaborative environment. Students are encouraged to participate in discussions, projects, and case study analyses. This approach strengthens individual responsibility, boosts motivation, and connects knowledge with practice, the classroom with real life, and theory with competence.

How do you see TBU’s role in developing students’ skills and knowledge to meet the demands of the job market, especially in the field of management and business?

In a rapidly changing world, we at TBU don’t just follow trends; we build sustainability through clear values and a focused vision. If we compare universities to car brands, Harvard might be seen as an elite “Rolls Royce” with global influence, and the University of Tirana as a classic “Mercedes”, with tradition and stability. TBU? We resemble more of a Lexus—focusing on practicality, reliability, and technology, while maintaining a balanced approach between the traditional and the new.

Our approach is straightforward:

  • We respect experience but invest in the future.
  • We grow steadily and build a stable environment for students and staff.
  • We differentiate ourselves through substance, not just rhetoric.

The university environment is a “red ocean” of traditional competition. Through differentiation, we aim to move into a “blue ocean” of innovation and sustainable uniqueness. Of course, this doesn’t mean ignoring competition, but we don’t see it as our ultimate goal. How do we achieve this? By offering programs that combine business, technology, and life skills; with curricula closely linked to real-world practice; and with a model that doesn’t just provide degrees but builds careers.

Our students engage in case studies, work with real companies, receive mentoring, and build professional networks that support their careers from the start. For us, the university is a laboratory for ideas and action, a space where knowledge transforms into concrete and valuable skills for the market. Our goal is clear: to prepare people who can think, act, and contribute to a complex and evolving world. That’s why we say TBU is more than just a university—it’s a lab for thinking and skill-building.

How important is it for TBU to offer professional opportunities so that students can apply their knowledge in real careers? Can you tell us more about these opportunities and what students enjoy most at TBU?

At TBU, knowledge is never separated from career preparation. A university that doesn’t prepare students for the job market simply adds to the number of graduates. We’ve turned this principle into an ecosystem: from the first year, students are involved in career counseling, soft skills training, seminars with industry experts, and real internships with important companies and businesses, where many of them start their careers.

Our students seek real exposure to the market, not theory disconnected from practice. Here, they work on real projects, develop startups, and participate in international programs that prepare them for studying abroad and for a global job market.

Interest in Erasmus+ exchanges and training programs that combine management, technology, and entrepreneurship is growing every year. Our goal is not just to graduate students, but to shape employable professionals who are able to think, act, and lead. Above all, we aim to prepare citizens ready to contribute with dedication to their country.

Is innovation important in the academic programs offered by TBU? What can we expect regarding programs and teaching methods?

Yes, innovation is a core part of TBU’s academic philosophy and reflects our commitment to staying up to date. This approach includes integrating technology into teaching, using practical methods like projects, simulations, case studies, and offering some programs in foreign languages. We also have increasing international collaborations. Students experience a more flexible learning method, which includes mentoring, hybrid formats, and digital tools that expand the experience beyond the classroom.

For the upcoming academic year, we are launching three new programs that reflect real market needs:

  1. Professional Master’s in Tourism and Hotel Management – Developed in collaboration with the industry, this program combines knowledge with practice, including updated courses, field experiences, and internships with well-known companies.
  2. Master’s in Cyber Security and Data Science – Designed to prepare professionals to manage digital risks and interpret data for decision-making. This program combines analysis, security, and technology, which are key fields in every sector today.
  3. Professional Master’s in Digital Marketing – For students who want to immediately engage with the job market. The program covers practical topics like SEO/SEM, e-commerce, social media management, and marketing strategies, using modern technology tools.

Since its founding, and now with the support of BALFIN Group, TBU has worked to become a space for continuous development, where ideas are tested, improved, and brought to life. Programs are regularly updated, and talent is strengthened through professional development, building a future with vision and commitment.

The first MGallery hotel in Albania, developed by BALFIN Group at the edge of the Green Coast promenade and the country's only Blue Flag-certified beach. It offers 131 rooms and suites with panoramic Ionian views, a five-star wellness spa, and four dining and leisure venues: Mosaic Restaurant, Mente Lobby Bar, Vela Beach Bar, and Bliss by the Pool — a blend of natural beauty and refined hospitality under Accor's standards.

LABEL: Canada · Residential

A residential development in the centre of Langley City, in Metro Vancouver. Designed as a six-
storey wood-frame building, it will offer 114 units that balance comfort and functionality.

Residential

Project Type

7,437 m²

Size

€37 million

Investment

BALFIN Group’s first venture in Canada, on West 54th Avenue in Vancouver just west of the Cambie Corridor. The development features 32 thoughtfully designed townhouse units in a quiet
residential neighbourhood.

Residential

Project Type

3,751 m²

Size

€33 million

Investment

A large-scale development blending affordable housing with retail in a single structure: 168 apartments and approximately 15,000 sq ft of commercial space, supporting both housing need and
local economic growth.

Mixed Use

Project Type

114,240 sq ft

Size

$50 million

Investment

81 new affordable housing units in one of New York’s most in-demand areas, currently under construction. The development emphasises sustainable, community-focused growth and contributes to the Bronx’s ongoing revitalisation.

Multifamily

Project Type

55,080 sq ft

Size

$17.5 million

Investment

A residential development in the Bronx, New York, focused on affordability and community well- being: 51 affordable housing units with a dedicated daycare on the ground floor and a sustainable
green roof.

Multifamily

Project Type

34,680 sq ft

Size

$16 million

Investment

A Class A office building in Morristown, New Jersey, home to some of the largest international financial institutions. On a lot of over 160,000 m² it offers 40,000 m² of office space with a conference room, gym, game room, lounge, full-service café, and over 1,600 parking spaces.

Premier Commercial Building

Project Type

40,000 m²

Size

$122 million

Investment

Contemporary living inside the Skopje East Gate development. Ten residential blocks with 672 units are set among expansive green areas and walkable spaces — 15 minutes from Skopje Airport, 10
from the city centre, and 5 from the University Campus.

Residential Complex

Project Type

23,163 m²

Size

€16.3 million

Investment

Sustainable, ecologically designed residences by a lake amid the forests of Gmunden in Upper Austria. Suited to both permanent living and vacation use, the project offers tranquility and nature
without giving up access to urban amenities.

Residential

Project Type

1,651 m² NFA

Size

€10 million

Investment

A luxurious vacation home in Gmunden, perched atop Sunny Hill with views over Lake Traunsee and the town below — a private, serene escape in one of Austria’s most captivating destinations.

Luxury Residential & Vacation

Project Type

715 m²

Size

€10 million

Investment

A residential building in central Vienna between the historic centre and a main transport hub, blending apartments with Class A office space. ANDEA embodies Balfin Austria’s approach to transforming existing buildings into projects with a new identity.

Offices & Luxury residential

Project Type

2,152 m² NFA

Size

€23 million

Investment

A luxurious gated community in Vienna’s prestigious 19th district, nestled in greenery with views over the city. Recognised by leading real estate companies as one of Vienna’s highest-quality developments of 2024.

Luxurious Residential

Project Type

953 m²

Size

€10 million

Investment

A luxury residential complex near Traunsee Lake in Gmunden, offering modern living spaces with lake views in a serene setting. As Balfin Austria’s first completed project, it opened a series of luxury investments in the Gmunden tourist area.

Residential Complex

Project Type

1,575 m² NFA

Size

€6.8 million

Investment

A new residential development in the heart of Vienna for the middle-market segment, offering functional and affordable units for families and buyers seeking a balanced lifestyle, in a quiet, family- friendly area with excellent transport connections.

Residential Complex

Project Type

4,105 m² NFA

Size

€23 million

Investment

A modern residential and business complex in Tirana, minutes from QTU and Skanderbeg Square. Across 444,000 m² it combines 7–9 storey residential buildings with sports facilities, a school, kindergarten, health centre, and extensive green space, plus over 113,730 m² of underground area.

Residential & Business Complex

Project Type

450,291 m²

Size

€292 million

Investment

A lakeside residential community in the hills of Farka, designed so every home maximises its lake views. Upscale villas and apartments sit around a central piazza with essential services and avrecreational park, with direct access to Farka Lake’s ‘Lungolago’ and quick connections to central Tirana.

Luxurious villas and apartments

Project Type

139,435 m²

Size

€216 million

Investment

Albania’s first exclusive villa complex, in Farka, 8 km from central Tirana. Each villa is crafted to harmonise with the landscape, with panoramic views of Petrela Castle and Mount Dajti. Rolling Hills 2 continues the phase-one success with neoclassical-style villas built around comfort and privacy.

Exclusive villa complex

Project Type

97,880 m²

Size

€100 million

Investment

A mixed-use urban development in the heart of Vlora with 800 premium apartments overlooking the sea, marina, and mountains, and the first world-class marina in the region. It also includes two internationally acclaimed hotels — among them the first 5-star Marriott on the Albanian coast — plus 150 branded residences. Designed by Belgian firm XDGA, it is the first project in Albania to receive global EDGE certification for a mixed urban residential complex.

A fully sold residential complex in the greenery of the Hamallaj area, and a premier Adriatic destination for several years. Its proximity to the main residential centres means residents use it year-round rather than only in summer.

Construction area

Project Type

67,000 m²

Size

€40 million

Investment

A high-end residential and tourism development in Tale, Lezhë, where the Mat River delta meets the Adriatic. The resort combines villas and apartments with hospitality components, built to international standards and planned around long-term environmental and infrastructure considerations.
Established in 2022 in partnership with Milšped Group, M-ONE combines international logistics expertise with advanced last-mile delivery. It provides nationwide distribution across Albania through modern technology and optimised processes, giving businesses of every size a flexible and dependable delivery service.

Resort Estate Management is an integrated platform specialising in the management of premium projects in Albania. REM shapes management strategy from the concept stage, sets property and service standards that hold from day one of operations, orchestrates operators and services in line with each community charter, and develops tailored products and experiences for every destination.

Kiabi is a French fashion brand offering affordable, stylish clothing for the whole family, known for inclusive collections and trend-conscious design. BALFIN Group represents Kiabi in the Western Balkans, bringing the brand to new markets through modern retail spaces and omnichannel shopping.

Located within the Vlora Marina development, the upcoming Marriott Hotel will bring 150 rooms and Marriott International’s hospitality standards to Albania’s southern coast, with signature dining, concierge service, and state-of-the-art fitness and leisure facilities. Part of a larger mixed-use scheme with a yacht marina and branded residences, it is set to become a new icon of five-star hospitality in the Mediterranean.

BALFIN Group’s flagship investment in Albanian tourism, on the Ionian coastline. Green Coast combines premium residences and touristic facilities with a beachfront promenade, restaurants, a shopping gallery, sports centres, and a health facility — all around Albania’s first and only Blue Flag beach.

Phase 1:

78,908 m² · €126 million · Completed

Phase 2:

347,225 m² · €656 million · Ongoing

Phase 3:

76,641 m² · €114 million · Ongoing

HyperActive in Kosovo brings an innovative approach to family entertainment, with go-karts, laser tag, AR bowling, escape rooms, soft play zones, and interactive games for all ages. With €34 million earmarked for the Balkans and expansion planned into Albania, North Macedonia, Austria, and Germany, HyperActive is creating spaces that encourage connection and shared experiences across generations.

Tirana Business University, supported by BALFIN Group, is a leading private academic institution developing future professionals in business and technology. By aligning its programs with industry demand, TBU bridges the gap between education and the job market and prepares a new generation of skilled leaders for Albania and the region.

Stella Mare is the exclusive representative of Maersk Line and Seago Line in Albania, Kosovo, and North Macedonia. Specialising in containerised shipping, it provides global transport connections with weekly services through the Port of Durrës, including the fastest refrigerated shipping from South America and customised logistics from Asian and European ports.

A joint venture between BALFIN Group and Milšped Group, Milšped Albania provides end-to-end logistics: warehousing, distribution, customs clearance, e-commerce services, and international transport by road, air, sea, and rail. Its regional network across the Western Balkans serves global partners including Coca-Cola, Philip Morris, Geodis, MSC, DHL, and H&M.

Tirana Logistic Park is one of Albania’s largest and most modern logistics facilities, strategically located between Rinas International Airport and the Port of Durrës. Across 36,000 m² it offers warehousing, inventory management, local distribution, freight forwarding, and value-added services such as packaging, processing, and labelling — a hub enabling faster regional and international trade.

Happy is BALFIN Group's fintech platform, licensed under Albania's financial services regulations. Established in 2020, it has grown beyond loyalty into electronic payment processing, digital wallets, Buy Now Pay Later credit, and the issuance of electronic money. Through its consumer app and all- in-one POS and kiosk systems for business clients, Happy provides an end-to-end digital ecosystem for modern financial transactions.
Founded in 1996, Tirana Bank is the first privately-owned bank in Albania, with 35 branches across the country and a wide ATM network. Since joining BALFIN Group in 2019 it has entered a new phase of growth: total assets surpassed €1.9 billion by the end of 2025, with record profitability and loan portfolio growth outperforming industry averages. In 2025 it was named Best Bank in Albania by Euromoney and Bank of the Year Albania by The Banker.
Founded in 2023, Balfin Asset Management goes beyond traditional property management by shaping and operating high-end destinations with a strong tourism and lifestyle focus. It integrates asset management, operations, and destination development to drive long-term value and a fulfilling guest experience. The company oversees over 50,000 m² of hospitality and commercial spaces, delivering more than 20 tailored services, including strategic consulting on mix use development, operations leadership, and commercial concept development. Flagship projects include Galeria by TEG, La Vista, Green Coast, Green Coast Promenade, and Vala Mar Coastline. With a client-centered and integrated approach, Balfin Asset Management & Hospitality delivers exceptional value in Albania’s growing hospitality, lifestyle, and mixed-use development sectors.
Established in 2020, West Park is Albania's pioneer in retail parks, introducing the "big box" concept: multiple retailers, entertainment, and dining in modern facilities with convenient parking. Its first location in Korça set a new regional standard, and the company is now expanding to further cities in Albania and North Macedonia with a strong focus on sustainable, eco-friendly solutions.

Established in 2007, ACREM is Albania’s leading real estate and commercial asset management company. It brought international management standards to the local market and today manages premier shopping centres including TEG and QTU, as well as residential properties, logistics parks, and office space — improving operational efficiency, customer experience, and asset value across the portfolio.

The first and only lifestyle centre on the Albanian Riviera, La Vista is a commercial and leisure destination inside Green Coast Resort, blending retail, dining, and entertainment into a modern Mediterranean setting. Spread over 17,717 m² across two levels, it hosts restaurants, cafés, shops, clubs, and recreation areas, with parking for residents and visitors.

The first and only shopping centre on the Albanian Riviera, Galeria by TEG sits within Green Coast Resort and offers a curated selection of mid to high-end fashion and dining brands. Conceived as a leisure hub blending global retail with local culture, it is designed to enhance the Mediterranean lifestyle of the southern coast.

West Park in Korça opened in August 2022 as the first retail park of its kind in BALFIN Group’s Albanian portfolio. Its brand mix is built around daily lifestyle needs — food, toys, electronics, fashion, and home interior — across 5,500 m² of gross leasable area, serving as both a shopping destination and a catalyst for regional development.

East Gate Mall is Skopje’s newest urban centre and the region’s first fifth-generation shopping destination. Across 160,000 m² of total area it houses 220 stores and over 600 brands, 20 of them exclusive to the region, on five levels of retail, dining, and entertainment with 2,000 parking spaces — 62,000 m² of gross leasable area and 8.2 million visitors a year.

TEG is the largest and most diverse shopping destination in Albania, bringing together exclusive brands, entertainment areas, restaurants, and cafés in an eco-friendly design built around natural light and solar energy. With 56,000 m² of gross leasable area, it attracts more than 10.5 million visitors a year.

Opened in 2005, QTU (Universe Shopping Centre) was Albania’s first shopping centre and a turning point in the country’s retail evolution. From fashion and electronics to dining and entertainment, and anchored by Neptun, Jumbo, and SPAR Hypermarket, it spans 29,000 m² of gross leasable area and welcomes over 7.1 million visitors a year.

Founded in 2018, Balfin Real Estate supports clients across the full property lifecycle with sales, marketing, property advisory, and customer relationship management. The company manages 25 projects and an elite portfolio of premium properties valued at €1.3 billion, with an annual sell-out of approximately €170 million in 2024. It operates in Albania, Kosovo, North Macedonia, Switzerland, Austria, and the United States, and works with 37 international agency partners.

With over two decades of expertise, Balfin Construction is one of Albania’s leading forces in modern construction, delivering residential, commercial, industrial, and touristic projects of varying complexity. Signature completed projects — Green Coast, Vala Mar Residences, Rolling Hills Luxury Residences, QTU, and TEG — show the company’s combination of functionality, innovation, and architectural quality.

Balfin Canada marks the Group’s entry into the Canadian real estate market, delivering residential solutions tailored to local needs. Working with experienced local developers, the company is building its first project in Vancouver and a second development in Langley City, reinforcing BALFIN Group’s long-term presence in North America.

Founded in 2018, Balfin Austria invests in real estate that pairs distinctive architectural design with the highest quality standards. Operating through its subsidiaries, the company has developed six projects in Vienna and Upper Austria, each aligned with European sustainability benchmarks

Founded in 2023, Balfin Americas is building a portfolio of six key projects in the United States, including a Class A commercial property in New Jersey and several residential developments in New York. The projects prioritise affordable housing, local economic development, and high-quality living spaces, with thoughtful design and community-oriented planning at their centre.

Skopje East Gate is the visionary company behind North Macedonia’s first integrated mixed-use project, Skopje East Gate. Combining East Gate Mall, East Gate Living residential complex, and East Gate Business offices, the development delivers a 360- degree urban lifestyle. The project transforms the heart of Skopje with modern retail, residential, and business spaces, reflecting BALFIN Group’s commitment to shaping vibrant, future-ready city environments across the Western Balkans.

Green Coast develops and manages premium tourism and residential assets along Albania’s Ionian Riviera. Its flagship destination brings together exclusive villas, a beachfront promenade, Galeria by TEG, and Albania’s first Blue Flag-certified beach, extended by the Green Coast Hotel – MGallery Collection by Accor and a curated selection of dining, wellness, and entertainment venues.

Founded in 2002 as Mane TCI and reshaped in 2022 into an investment company, Balfin Development creates and manages some of Albania’s most prestigious residential, tourism, industrial, and commercial projects — among them Green Coast Resort & Residences, Vala Mar Residences, Rolling Hills Luxury Residences, Vlora Marina, and Univers City. The company also revitalises underused areas, turning them into self-sustaining communities with parks, recreational spaces, and educational facilities.

Established in Vienna in 1993, Alba-Trade GmbH distributes consumer electronics, telecommunications, and household electronic goods. The company holds exclusive distribution rights for Samsung and Xiaomi in the Western Balkans and is an official Samsung online reseller in Austria, combining decades of expertise with a deep reading of regional market dynamics.
Established in 2020, Happy specialises in customer experience and retention. Its services span loyalty programs, market analysis using NPS and CSI, online and offline customer care, social media management, order handling, and tele-sales. Happy manages the Happy Loyalty program in Albania as part of a wider regional ecosystem of around 700,000 members across Albania, Kosovo, and North Macedonia — the largest platform of its kind in the region.

Fuego is a trusted consumer electronics brand in the Western Balkans, offering white and brown goods designed for everyday household needs. Combining modern design with reliability and practical functionality, Fuego has built a strong regional presence around dependable performance, usability, and value.

Flying Tiger Copenhagen is a Danish lifestyle brand known for affordable, playful products that inspire creativity and joy, from home décor to stationery and toys. Through its strategic partnership with BALFIN Group, the brand is expanding across the Western Balkans with 50 stores planned in Albania, Kosovo, North Macedonia, Bosnia and Herzegovina, Serbia, and Montenegro.
Kid Zone Network, part of BALFIN Group, is the franchise partner of Jumbo S.A. in Albania (2011), Kosovo (2014), Bosnia and Herzegovina (2017), and Montenegro (2019). With 30 superstores across the region and €100 million in sales in 2024, it is one of the region's leading retail brands. Its assortment spans home goods, toys, baby items, seasonal and decorative products, and stationery — over 30,000 items combining distinctive design with competitive prices.
Valamar Tale is a high-end residential and tourism development in Tale, Lezhë, where the Mat River delta meets the Adriatic coastline. The project covers the design, construction, and operation of a resort of villas, apartments, and hospitality components, built to international standards and planned around long-term environmental and infrastructure considerations.
A leading retailer of consumer electronics and home appliances in the Western Balkans. Founded in Albania in 1993, Neptun expanded to North Macedonia in 1998, Kosovo in 2007, and Bosnia and Herzegovina in 2024. Today it operates 101 stores alongside a growing e-commerce platform, integrating both into a single omnichannel experience. A cross-border loyalty program and franchise opportunities support its continued expansion.
Founded in 2008, Elektro-Servis is a leading provider of household and electronic appliance maintenance in Albania, with operations in North Macedonia and Kosovo. As the exclusive after- sales partner of Neptun International, it holds servicing rights for global brands including Samsung, LG, Sony, and Beko. Its certified technicians keep customers supported long after purchase.