Economy

Prices rise slightly in June, compared to a year ago, effected by food, rent and water

Prices of food and other products increased by an average of 1.8% in June, compared to the same month a year ago, INSTAT reported, below the target of 3% of the Bank of Albania. Growth has been affected by food, rent and water, while prices for other categories have declined, or there have been no changes. INSTAT reported that the ...

Read More »

Economy expected to lose 1.8 billion euros due to Covid-19, close to EBRD predictions

The Albanian economy is expected to lose about 1.8 billion euros from the pandemic that has gripped the country and the world, as a result of the outbreak of Covid-19 infection. In the 2020 revised budget tables, finances have downgraded the country’s gross domestic product (which measures the value of final goods and services produced by the economy over a ...

Read More »

Bankers Petroleum Albania resumes work for the production of crude oil

The largest oil production company in the country, Bankers Petroleum Albania, announces that it is returning to its normal business activity, resuming day by day the production of crude oil as it was negatively affected by the beginning of the Covid-19 pandemic. Although Bankers has been forced to suspend all oil operations in the oil field for nearly a month, ...

Read More »

EBRD Director for Albania: Albanian economy, the big downturn and rapid recovery

Matteo Colangeli, EBRD Director for Albania, gave an interview to ART focusing on forecasts for the Albanian economy and EBRD’s support in this period of pandemic. Economic forecasts are particularly volatile in the current situation and depend largely on how the COVID-19 pandemic will proceed and what measures will be taken by the government to curb it. Influence on individual ...

Read More »

INSTAT: Albanian economy is mainly focused on trade activity; 44,324 commercial enterprises registered in 2019

The Albanian economy is mainly focused on trade activity, a phenomenon which is also observed in enterprises registered during 2019. Commercial enterprises occupy 23% of enterprises registered during 2019. According to the report published by the Institute of Statistics (INSTAT) on the enterprise register during 2019, economic and commercial activity predominates over other activities, by 30.6%. Referring to INSTAT, this ...

Read More »

Rama: Chestnuts, the rich source of rural economy in northern Albania

The northern part of the country has the largest area planted with chestnuts in all of Albania. Prime Minister Edi Rama published today a video with a view of the areas planted with chestnuts, while emphasizing that “for the first time in Albania, the process of maintenance and preservation  of this production is being carried out, with the most efficient ways ...

Read More »

Rama: VAT to be abolished for small businesses

Following the announcement of the abolition of the profit tax for small business, the Prime Minister revealed another government plan but for small businesses related to the abolition of the Value Added Tax as well. According to the Prime Minister, the interest rate of the new Eurobond issued yesterday in the international markets for Albania in the amount of 650 ...

Read More »

Rama: Good news for small business in Albania

Prime Minister Edi Rama has given good news to small businesses, which will be relieved of taxes by helping them out of the economic stalemate created due to pandemics. Rama said that a law is being worked on so that small businesses with an annual turnover of 140 thousand dollars do not pay any taxes until 2029. He also added ...

Read More »

INSTAT: Freight transport in April fell by 5.8%.

According to INSTAT data, freight transport in April fell by 5.8%. Meanwhile, in four months, exports and imports of goods have decreased by ALL 91 billion. The volume of goods loaded and unloaded at ports in April reached 353 thousand tons, decreasing by 5.8%, compared to April 2019. Also in the four-month report the volume of trade decreased by 8.7%, ...

Read More »

French company Voltalia is announced the winner of the auction for the photovoltaic park of Karavasta

The French company Voltalia, is the company that has been announced the winner of the auction for the photovoltaic park of Karavasta. The price given for megawatts by them is 24.89 euros. Minister of Infrastructure and Energy Belinda Balluku considered this price as a record for such parks. The head of government stated that the Karavasta photovoltaic park will be ...

Read More »

Responsive WordPress Theme Freetheme wordpress magazine responsive freetheme wordpress news responsive freeWORDPRESS PLUGIN PREMIUM FREEDownload theme free