Economy

Vienna Initiative: Albania has made progress with NPLs

A recent report by Vienna Initiative drafted by the World Bank, IMF, EBRD and European Commission has pointed out the fact that Albania has made progress in reducing NPLs. According to this initiative, Albania and Serbia are the two countries with the biggest decline in NPLs. In Albania, NPLs have fallen by 6.5% and in Serbia, it has fallen to ...

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Remittances, the main source of income for the Albanian families

Remittances are the main source of income for 26% of Albanian families. A recent report by the Bank of Albania, titled “Remittances, a support for development”, notes that 1.15 million Albanian emigrants across the globe brought to Albania 1.16 billion euros to help their families. The report observes that the dominant share of remittances, that is 57%, is made through ...

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Construction works for Arber Highway kick off, another 5 projects this year

Construction works for the Arber Highway, considered as the most important road segment of the countrya��s northeastern part, have started yesterday. This highway is the first road project as part of the list of roads that the government is planning to realize this year through concession agreements. Part of this list are also five other projects of this nature, also ...

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Albanian medical herbs keep being the most sought agricultural products in the foreign markets

Albanian medical plants keep being the most sought agricultural products in the foreign markets. Albania leads the production and exportation of these natural resources with about 500 ha of cultivated area with these plants. The medicinal and aromatic plant sector has had a significant impact on the country’s economy, with over 90,000 employed individuals, mainly in rural areas, significantly affecting ...

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PM Edi Rama: ”100 villages” will attract emigrants to invest their savings in Albania

Pm Edi Rama, during the joint meeting with all the representatives of the friends of Albania, considered the program a�?a��100 villagesa��a�� as a new cooperation way for the National Program for the Villages, for a successful model for rural development. a�?a��100 villagesa��a�� program is considered not only as a development model for overcoming economic difficulties , but also as a ...

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Spring Euro barometer: Economic situation and employment continue to be improved

The economic situation and employment as challenges of the Albanian society will continue to be improved. That is the conclusion drawn by the Spring Euro barometer for the European Union and the candidate countries, based on a face-to-face questionnaire with nationals from each of the countries. Asked about their expectations for the next 12 months regarding employment and the economy, ...

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Export increases thanks to resumption of sales from the mining industry

Albanian exports rose again in May, by about 24% more than a year ago thanks to the resumption of sales from the mining industry. Exports of the “mineral and fuel” group were 29 % higher in the first five months of the year. Official sources from the Ministry of Energy ascertained that the export of minerals has increased due to ...

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Rama: New tax cuts for small business

The head of government, Edi Rama, stated that the fiscal package in June 2018 guarantees more convenience for entrepreneurship. “With this review of the new tax reduction for small business, Agricultural Cooperation Associations and investments in Agro-tourism or Solar Energy, I wish you a week of good luck,” Rama writes. In his published video, he says that the profit tax ...

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Shell” committed to invest around $ 43 million in seven years of research

The contract between the Albanian government and the multinational company “Shell” for oil exploration in the Fourth Block is published in the Official Journal. It describes the rights and obligations of the parties, the value of the investments.A�As announced during the negotiation phase, “Shell” is committed to invest around $ 43 million in seven years of research, divided into three ...

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Mayor Veliaj: The new national theatre will cost a��30 million

The Mayor of Tirana, Erion Veliaj accompanied by the minister of Culture, Mirela Kumbaro, held a conversation with the community of artists, regarding the latest initiative of the government for building a new National Theatre. In his speech, mayor Veliaj shared his conviction that the project of the National Theatre will be a success story. He declared that this debate ...

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