Economy

Freight transport by sea and air increased during 2019 compared with 2018

The volume of freight transport by sea and air has increased during 2019 compared to the previous year. There has also been an increase in passenger transport in all three modes of travel reported by INSTAT. In 2019, the volume of cargo loaded / unloaded at ports is 4.5m tonnes, up 14.5% compared to 2018. The volume of freight transported ...

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House marketing expected to be challenging for 2020 in Albania

The year 2020 is expected to be challenging for the real estate sector in the country as well. Market players expect that a revaluation return at a favorable rate of 3% may make some apartments more accessible due to fiscal cost reductions, as individuals seeking to sell will save a significant amount of money on this process. However, market players ...

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Denaj: 2020 expected to be a successful year

Minister of Finance, Anila Denaj said that in 2019, economic growth was revised; this is mainly due to several factors that occurred once, such as energy or gambling closures, which led to the contraction of the economy in the year 2019. We projected economic growth at 2.7% even though we were more optimistic before the earthquake The Albanian economy is ...

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Rama: First photo-voltaic park to be built in the Karavasta area

Yesterday, the government announced that the competition for the Karavasta Photovoltaic Park is officially open. Meanwhile, Prime Minister Edi Rama reacted this morning, saying that this year marks the expansion of Albania’s energy source map with investment in solar energy. ‘THIS YEAR CELEBRATES THE EXPANSION OF ALBANIAN ENERGY RESOURCE MAP WITH SOLAR ENERGY INVESTMENT FOR FIRST PHOTO-VOLTAIC PARK TO BE ...

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EUROBOND/ Albania to take a 600 million Euro bond at international market

The Ministry of Finance has re-launched the race to select a legal studio that will help the government borrow 600m euros in international markets through a new Eurobond. According to documents released to the Public Procurement Agency, the studio will advise the Ministry of Finance for three months until the Eurobond auction opens. According to the preliminary program, the auction ...

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Investments in agro-tourism, Albania also competitive with wine production

“Agrotourism is an excellent form of business to keep people in the village and ensure sustainable development in rural areas. The interest in making such investments has always been growing. ” That is the statement issued by Minister of Agriculture and Rural Development, Bledi Cuci, while visiting one of the most popular wineries in the country, that of Berati, which ...

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Croatia Airlines intends to start flights between Zagreb and Tirana this summer

Croatia Airlines intends to start flights between Zagreb and Tirana this summer, following its plans to operate in Podgorica and Sofia as well. Director-General of Transport Jasmin Bajić and Director of its Trade Division, Slaven Žabo had a meeting with Albania’s Ambassador to Croatia to discuss about the project. “Both sides agreed that talks between Croatia Airlines and the relevant ...

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Electricity Distribution Operator to invest around 73m euros this year in the distribution network

The Electricity Distribution Operator is projected to invest around 73m euros this year in the distribution network. In an official document, the company points out that the major part will be carried out by the company itself, while the World Bank-backed recovery project will also have a separate fund. “Implementation of the investment plan according to the approved long-term plan ...

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Ministry of Finances signs agreement with WB on women’s participation in the labor market

The Ministry of Finance signed an agreement with the World Bank, which aims to increase women’s participation in the labor market under the program of gender equality and women’s access to the economy. From this agreement, finances have provided € 9.1 million for the development of policies for gender inequality in the labor market. “Through this agreement we intend to ...

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Zingraf: Further reforms improve the business climate

Germany’s Ambassador to Tirana, Peter Zingraf, at the annual reception of  the German Chamber of Industry and Commerce(DIHA) in Albania stated that further reforms improve the business climate. The German Chamber of Industry and Commerce in Albania (DIHA) in the presence of DIHA President Stephanie Sieg, Minister of Finance and Economy Anila Denaj, and DIHA member organizations, ministers, chairmen of ...

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