Economy

Foreign direct investment increased by 10 percent in the first six months of the year

Foreign direct investment increased by 10 percent in the first six months of the year as foreign-owned companies expanded their operations in Albania. Official data from the Bank of Albania show that for the first six months of this year, foreign companies invested over € 535 million in the Albanian economy, as com pared to € 486 million,  the last ...

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Until 2030, apartments in coastal cities to have green terraces to save energy

By 2030, those who own apartments in coastal cities will spend less on heating or cooling their homes, as they will be adapted to save energy. Through Local General Plans, Local Sectoral Plans and Detailed Local Plans and local regulations, Coastal Zone Municipalities (12 cities with access to the Adriatic and Ionian Sea), according to a UN Habitat-assisted action plan, ...

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Sejko: 200 and 5000 ALL banknotes will be issued with improved security elements

From September 30th this year, two new banknotes, respectively 200 and 5000 ALL banknotes will be issued. The new design according to Bank of Albania Governor Gent Sejko is updated and with improved security elements giving the Albanian Lek the look of a modern banknote. The new series of Albanian banknotes preserves the same theme as the existing banknotes, as a publicly ...

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Employment positive trend 3,4%, the highest in the region

Employment has undergone a positive trend month by month. According to the Quarterly Labor Force Survey, released today by INSTAT, the country’s unemployment rate reaches its lowest historical level at 11.5%. The official unemployment rate decreased by 0.9 percentage points  as compared to the second quarter of 2018, while in the first quarter 2019, the official unemployment rate decreased by ...

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Minister of Finance Denaj meeting the EBRD representatives

Minister of Finance and Economy, Mrs. Anila Denaj held a meeting with the representatives of the European Bank for Reconstruction and Development, chaired by Ms. Zsuzsanna Hargitai, Regional Director for the Western Balkans and Mr. Matteo Colangeli, EBRD Representative for Albania. During the meeting, they discussed about the European Bank’s 5-year Strategy for Reconstruction and Development in Albania, cooperation in ...

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The largest greenhouse for seedling cultivation in the Western Balkans is found in Albania

The largest greenhouse for seedling cultivation in the Western Balkans is found in Albania. Minister of Agriculture and Rural Development Bledi Cuci visited the “Lisar Seedlings” in Divjaka, where over 15 million seedlings are produced annually on an area of ​​3.6 hectares. This modern Dutch greenhouse glassware supplies seedlings not only to the domestic market but also to exports. The ...

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BoA: Remittances upward trend, Euro 186 million for the second quarter this year

The contribution of emigration to the Albanian economy has been increased this year. According to the Bank of Albania, the value of remittances for the second quarter amounted to Euro 186 million, up by four million Euros compared to a year earlier. For the first half of the year, the value of remittances sent to Albania was 336 million Euros, ...

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Eurostat: Clothes’ prices dropped in 2018, shoes’ prices increased

Eurostat has published prices for basic basket products comparing price levels across different EU countries. Clothes were cheaper for Albanians during 2018. Although the price level for clothing is almost the European average, during the year that we left behind they dropped slightly, from 97.1 to 96.5 of the European average. The contrary happened with the prices of shoes. According ...

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Sejko: Economic development in Albania continues to preserve a positive trend

The increase of productivity in the Albanian economy turns out to be the draft strategy ofof the Bank of Albania had a meeting with the European Bank for Reconstruction and Development representatives chaired by led by Zsuzsanna Hargitai, regional director for Western Balkans and Matteo Colangeli, EBRD’s representative to Albania. In a meeting with EBRD representatives in our country, Central ...

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Processed agricultural products exported to many European countries and the US

The Minister of Agriculture and Rural Development, Bledi Cuci, visited an agricultural processing plant in Lushnje. About 150 people work at the agricultural processing factory ‘Zdrava’ Ltd. This business has linked supply contracts with over 200 farmers in the Myzeqe area. In addition to collecting the farmers’ production, ‘Zdrava’ Ltd orientates them to plants cultivation needed in the market. Minister ...

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