Economy

Eurostat: Prices in Albania grow faster than in the EU

The increase of prices in Albania continues to be above the average of 1.4% in EU member countries. This is confirmed by the Harmonized Price Index of the European Institute of Statistics, Eurostat. According to this index, the biggest increase of 3% has been registered by “Clothing and footwear” followed by “Leisure and culture” with 2,7%, “Food and non-alcoholic beverages” ...

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January-April 2018 exports underwent an increase of 17%

INSTAT released a report on import/export in Albania. The progressive data show that for the first quarter of the year, exports reached ALL 101 billion, 17% more compared to the same period a year earlier. Fossils continue to dominate Albanian exports, with 41% of the total; however, the main contribution in April was boosted by exports of raw materials to the ...

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Governor of BoA, Gent Sejko : Albanian economy is on the right track

Albania’s banks are expected to restart lending to the corporate sector, as government attempts to lower non-performing loans and reform the judicial system continue to improve the business environment and raise hopes of a future inside the EU reports TheBanker.com Like many countries in Southern Europe, Albania passed a difficult period caused from the global financial crisis of 2007 and ...

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EU Delegation supports the promotion of touristic potentials of Albania

The EU ambassador to Albania, Romana Vlahutin concluded her visit to Korca, in the framework of the Europe’s Week. ‘’ The preservation of our heritage is related with economy, with social responsibility, but above all with our moral and historic duty towards the previous and upcoming generations’’-declared Ambassador Vlahutin during the event ‘’ A journey through cultural and natural wonders ...

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Euros’ depreciation will have temporary effects, says BoA

Official statement: “The rapid strengthening of the currency value in the period March-April 2018 seemed to have been impacted by transitional shocks. In general, their effects are temporary and they do not have a permanent effect on the economy” A shock, the effects of which will be temporary. This is how the Bank of Albania considered the fluctuations registered in ...

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Peleshi-Ariel:Memorandum of Understanding in building agricultural joint programs

Agriculture and Rural Development Minister Niko Peleshi and the accompanying delegation concluded successfully the official visit to Israel, at the invitation of Israeli Agriculture Minister Uri Ariel.The talks between the two ministers concluded with the signing of a Memorandum of Understanding that includes the assistance, building joint programs in food and veterinary sector, and training of Albanian specialists in Israel ...

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GlobalStat: Albania improves business climate, economy upward trend

The web site, “GlobalStat”, has presented an analysis of economic and trade indicators between Albania and the EU.According to the data of “GlobalStat”, Albania has registered an increase of Gross Domestic Product (GDP) from 2012 to 2017, currently reaching an increase of 3.7%, while the EU has a 2.1% increase. According to this report, there is an increase in two ...

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PM Edi Rama : Airports of Kukes and Vlora will lower the tariffs of TIA

Pm Edi Rama during him meeting with the citizens of Tirana, in the framework of public hearings, declared that new low tariffs will be offered for the citizens, with the construction of the Vlora Airport and the Kukes Airport. The high tariffs of Tirana International Airport was one of the requests that the citizens made to Pm Rama. Pm Rama ...

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BoA: Despite real-estate market ebbs and flows, trend is upward

The Bank of Albania conducted a survey with real estate agencies across the country and noted that in the second half of 2017, the sales volume reported in the central area of a��a��Tirana was much higher than the previous periods, while prices increased by 0.7% against the first six months of 2017. As regards the coastal areas, agents reported average ...

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10 new destinations for TIA during the touristic season

10 new destinations will be added to the Airport of Tirana, and 3 of them will double the capacities in order to ease the flux of tourist during summer season. The touristic expectations are high for this summer season and the touristic operators are finding ways to make flights flexible. The news was delivered by PM Edi Rama, through a ...

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