Economy

Deputy Pm Senida Mesi on official visit in Portugal

Deputy Pm, Senida Mesi in the framework of her visit in Portugal, met with the State Secretary for the Administration and Public Employment, Maria De Fatima Fonseca. During the meeting, Mesi informed Fonseca about the continuation and the dynamics of the Reform of the Public Administration in Albania. Mesi and Fonseca agreed on the importance of the efficient system of ...

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Tirana to host the 2018 Energy Expo for the region

On 5 and 6 October, the Albanian capital, Tirana will host the 2018 Energy Expo. This regional event focuses on Renewable Energy and Energy Efficiency. During this activity, market players are expected to present their products and services. This activity will also focus on the great potential that countries such as Albania, Kosovo, Montenegro, FYROM, Greece, Croatia and Serbia have ...

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Albania to apply for a new Eurobond loan

After a week of intense meetings with investors in some of the major European financial centers, today is expected the finalization of an important process for the Albanian economy and finances, and the credibility of the country in international capital markets. Albania intends to borrow up to EUR 500 million through Eurobond issuance, with a maturity of 5-7 years. A ...

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Ministry of Finance: ALL 294 billion were collected in total for the period January to August

The Ministry of Finance published yesterday the 8-month fiscal indicators of this year underscoring that ALL 294 billion were collected in total for the period January to August, or ALL 9 billion more than the same period last year. While total expenditures amounted to ALL 289.7 billion, an increase of 1.9 % or about 5.54 billion ALL more compared to ...

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Ahmetaj: Albanian economy continues positive trend

The Albanian economy continues  a positive trend. That was the statement issued by the Minister of Economy and Finance, Arben Ahmetaj, through a status on the social network “Facebook”. According to Ahmetaj, considering the first six months of 2018, figures show that economic growth turns out to be the highest in the last 8 years. “After the increase of 4.45% ...

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PM Rama present at the inauguration of ” Hilton Garden”

A new hotel from the famous chain hotels ‘’ Hilton’’ was inaugurated in Tirana. This is a modern 5-star hotel and the inauguration ceremony was attended by businessmen, politicians, members of parliament, representatives of the media and civil society. Also present at the ceremony was the Albanian Prime Minister, Edi Rama, who declared that : “I want to express my ...

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Austria recognizes the social insurance contributions and qualifying years of the Albanians

Albanian citizens, who live and work in Austria, will have their social insurance contributions and qualifying years recognized in both countries to get the state pension. The international agreement between the Republic of Albania and the Republic of Austria in the field of social protection was signed in Tirana on 25.01.2017 and enters into force from 1 December 2018, thus ...

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Pm Edi Rama discusses the economic budget of 2019

  Pm Edi Rama declared that the economic budget of 2019 will foresee the decrease of taxes and increase of the wages in education, healthcare and in the army, and the budget will be accompanied by a new social policy. These are some of the pillars of the budget of 2019, that will be realized after the reforms undertaken by ...

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Foreign investments underwent a 27% increase led by Switzerland and the Netherlands

Switzerland and the Netherlands have headed the inflow of new foreign investments in the first six months of this year, according to statistics published by the Bank of Albania. Swiss investments have recorded 194 million Euros for the period January to June 2018, undergoing a doubling compared with the same period last year. From this state, or better from the ...

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Construction sector turning into the country’s economic growth engine

The construction sector grew last year with the highest rates since 2008, following a nearly systematic decline by 2014. According to official data from INSTAT, the construction sector expanded by 10.4% in 2017. Growth rates tripled compared to 2016, approaching the trend after 2005. The peak of construction growth was noticed during 2000-2005, where the sector expanded by an average ...

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