Economy

Oil companies and steel producers increased export to Kosovo after the 100% imposed tax to Serbian products

100 % taxing of Serbian products by the Kosovo government seems to have brought benefits only to two business categories in Albania, oil companies and steel producers. Official data from the Institute of Statistics show that after the imposition of the 100% tax on Serbian goods, Albanian exports to Kosovo increased by 40 %. This means that for the period November-December ...

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WB: Kosovo the highest economic growth in the region

Economic growth in Kosovo this year and the next two years is expected to reach 4.5 per cent, according to the latest economic report of World Bank on the Western Balkans.Compared with the countries in the region, according to the report, the largest economic growth is expected to be in Kosovo. The economic growth for other Western Balkan countries for ...

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2018, the most successful year in history with regard to the amount of Albanian exports

Year 2018 was the most successful year in history with regard to the amount of Albanian exports. The confirmation was made by “INSTAT”, which published the final figures for the trade balance of the year we left behind. In 2018, exports of goods reached 310 billion ALL, about 3 billion USD, increasing by 13.7% compared to the previous year. The ...

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Governor of Bank of Albania: Albania is experiencing a stable cyclic recovery

The Governor of the Bank of Albania, Gent Sejko praised the stable recovery of the Albanian economy, an accelerated increase during the last three years, that made possible the balance of the local economy. He made these declaration during the Forum for the Countries of Central and Eastern Europe, organized by ‘’Euromoney’’ in Vienna. Governor Sejko declared that the stance ...

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OTE agrees to sell Telekom Albania for €50 million to Albania Telecom Invest

OTE has entered into an agreement to sell its entire stake in Telekom Albania Sh.A. (Telekom Albania) to the Bulgarian company Albania Telecom Invest AD for a total consideration of €50m. Albania Telecom Invest AD is controlled by Mr. Spas Roussev, controlling shareholder of the Bulgarian incumbent telecom operator Vivacom, and by Mr. Elvin Guri, an Albania-Bulgarian Investor. OTE’s Chairman ...

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A new joint customs office Albania-Kosovo opened in Durres

Pm Edi Rama was present in the inauguration of the Customs Office of Kosovo in the port of Durres, and underlined that this is a special day in the way of getting closer with Kosovo. This office constitutes the first important step towards the joint customs operations between Albania and Kosovo. In a conversation with the employees of this office, ...

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Eurostat: 500 mln Euro net entered Albania from EU countries for the 9 months of 2018

500 million Euros net have entered into Albania from the European Union countries from trade, services and other income for the 9 months of 2018. The data have been disclosed by Eurostat in the quarterly report on “Current Account Deficit in Trade and Services with Non-EU Countries”. According to Eurostat statistics for the 9-month period, the EU has with Albania ...

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IMF: Economic growth slows down through 2019

The International Monetary Fund (IMF) expects the Albanian economy to grow by 3.7% in 2019, slowing down the pace compared to the previous year, due to lower energy output. Jan Kees Martijn, IMF Mission Chief for Albania, in his first interview with the media, after taking office in Albania, also draws attention to Public-Private Partnerships (PPP) projects. He warns that ...

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Kukes airport construction through concession, 8 mln Euros

Kukes airport will be built in Albania alongside Rinas international airport. The ministry of Infrastructure and Energy of Albania concluded the process for the evaluation of bids and announced the winner for the construction of the airport of Kukes , that is Global Technical Mechanics l.t.d and Bami l.t.d. The total investment reaches to 8 million euro, assessed as the ...

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WB: Albania’s economic growth will drop to 3.6 %

The Albanian economy is stepping into a slowdown phase, which can last for several years. The warning comes from the World Bank, in its latest report on the global economic outlook. According to the WB, starting from this year, Albania’s economic growth will drop to 3.6 %, from 4% it was estimated last year. This is a significant slowdown in ...

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