Economy

ALL 24 million is the IPARD II Program budget to support farmers investing in agricultural farms

ALL 24 million is the IPARD II Program budget to support farmers investing in agricultural farms. The Agency for Agricultural and Rural Development (ARDA) announces that, in the second call for applications for IPARD II funds, which opens on 30 October 2019, it will support farmers who want to carry out investments in physical assets of agricultural farms with a ...

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Denaj: Germany, 2 million euros to support Albania’s EU membership negotiations in the economic sector

The Minister of Finance and Economy, Anila Denaj, presented at the plenary session of the Albanian Parliament the draft law “On the ratification of the agreement between the Council of Ministers of the Republic of Albania and the Government of the Federal Republic of Germany on Technical Cooperation 2018 for the project “Support to Negotiations ” for Albania’s EU membership ...

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Gender equality- Minister Denaj appeals for more investments in ”green” sectors of economy

The Minister of Finance and Economy, Anila Denaj and the Minister of Agriculture and Rural Development, Blendi Cuci, participated in the activity organized by the Office of the UN, represented by the permanent coordinator, Brian Williams. The topic of the meeting was the objectives for development and sustainability and the implementation of the principles of ‘’green’’ economy. In her speech, ...

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Sejko: Use of physical cash in the Albanian economy should be minimized

Albanian people have a low financial inclusion compared not only with the EU countries but also the regional ones. All these are reflected in a wider use of the physical cash in the Albanian economy. That is the statement issued by the Bank of Albania governor Gent Sejko during the 5th session of the National Payment System Committee, highlighting the ...

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Air Albania- ”Migjeni” officially started flights towards Italy

‘’Migjeni’’ aircraft operated by Air Albania has started the flights towards the European destinations in Rome, Milan and Bologna. After Turkey, Air Albania has officially started the flights towards Italy. The CIO of Air Albania, Sinan Delek declared that ‘’this is a historic moment for Albania’’. ‘’Migjeni’’ aircraft is a new model, that includes the business and the economic class. ...

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ALL 3 billion financed by government for the program “100 plus villages and Urban Renaissance”

Three billion lek will be financed by the Albanian government in the next three years for the program “100 plus villages and Urban Renaissance”. Under the 2020-2022 budget programs, the government will inject increased funding for the integrated development project of residential centers, tourist areas, or rural areas aimed at improving infrastructure, evaluating traditions and cultural heritage, increasing the level ...

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New series of banknotes of 200 and 5000 Lek in circulation

Today the new series of banknotes of 200 and 5000 Lek are in circulation, while the old coins will remain  will be withdrawn from the Bank of Albania gradually when they are damaged and unusable. The Bank of Albania announces that the new banknotes are part of the series of 500, 1000, 2000 lek. The banknotes have a different denomination, ...

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INSTAT releases Household Budget Survey

Korca of serenades, traditional pies and meatballs and evening walks has become a tourist attraction in recent years for many people. Even the Korça inhabitants themselves are enjoying the fruits of “little Paris”. For the first time in 2018, Korça is the county that spends most on entertainment and culture, with 3.5% of the total, up from 3.3% a year ...

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BoA: Household savings increased in August

Household savings increased in August, a traditional trend related to remittances during this period. According to the Bank of Albania statistics, the stock of deposits in the banking system at the end of August amounted to ALL 1 trillion, standing for the second consecutive month above the limit of ALL 1 trillion. Deposits increased by ALL 10 billion, or 1% ...

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Truffle, the treasure hidden in our forests

Truffle, this rare mushroom grows widely in Albania. The Albanian truffle is very similar to its French one, but they cost much less. So valuable is the white truffle that it is also quoted on the stock exchange, where prices start from 300 to 1000 Euros. Truffle is a type of mushroom that grows on the roots of oak, linden, ...

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