Economy

Italy is the main buyer of Albanian livestock, agricultural and agro-industrial products

Italy is the main buyer of Albanian livestock, agricultural and agro-industrial products. The export value is estimated at ALL 8.6 billion during 2018 and in quantity 22.3 thousand tons of products is traded in this country. But despite being ranked first, exports to this country have fallen slightly compared to 2017. Here is a list of 10 major countries exporting ...

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Meta invites German business for investment opportunities in the tourism and energy sector

Following his official visit to Germany, the President of the Republic, Ilir Meta, attended the Annual Conference of German Small and Medium Enterprises in Berlin, where he also held a welcoming speech as an honorary guest. The annual conference is one of Berlin’s most important political and economic activities, attended by over 3,500 prominent German and international personalities of politics, ...

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IMF and WB Constituency Meeting, Sejko: Albania carries on plans for problem loans reduction

The stimulating monetary policy pursued by the Bank of Albania has made a positive contribution to the promotion of the domestic economy. This statement was issued by the Governor of the Bank of Albania, Gent Sejko at the International Monetary Fund (IMF) Constituency and the World Bank Group (WB), held in Valletta, Malta. Senior IMF and WB representatives presented the ...

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Minister of Energy reacts over the draft law on oil price

The process of public consultations over the legal draft that foresees the creation of the security oil reserve, had its reactions, caused by the added tariff that will be paid by the trade agencies of oil, thus increases the oil price in the market. Through a press declaration, the minister of Energy, Belinda Balluku negated that the new law foresees ...

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South Korean YURA Corporation to invest Euro 6.5 million in automobile manufacturing industry in Fier

The South Korean manufacturer of cables and wiring for the automotive industry Yura Corporation is opening its first manufacturing plant in Albania in 2019. That is the statement issued by the Albanian Minister of Economy. Yura Corporation plans an initial investment of 6.5 million euro in Fier, designated as a priority zone in automobile manufacturing industry. Some 600 employees are ...

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Albania and Japan to consolidate bilateral relations

Deputy Pm,Erion Brace held a meeting with the ambassador of Japan in Tirana, Makoto Ito. During the meeting they talked about the actual bilateral relations between the two countries and the opportunities for further cooperation in the future. Deputy Pm Brace expressed his interest for increasing the investments of Japanese companies in Albania and both parties agreed in continuing the ...

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Albania: Investments plummet to their lowest level in five years

Private investments in the Albanian economy went down to the lowest level in the past five years. In real terms, last year investments amounted to 18.6% of Gross Domestic Product as opposed to 19.4% in 2017. According to the figures supplied by the International Monetary Fund, private investments were at their highest in 2014, when they amounted to 21.7% of ...

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EC report: Albania has the highest economic growth and the lowest unemployment in the region

The European Commission has published a quarterly report on the economic performance of candidate and potentially EU candidate countries, analyzing the economies of the Western Balkans, including Turkey. Enthusiastic, the head of the Economy Committee, former Minister of Finance and Economy, Arben Ahmetaj points out four important points highlighted in this report. 1. ‘The first good news is that Albania ...

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European Council : Foreign investments in Albania on an upward trend

The foreign direct investments that entered Albania  increased again compared with the last trimester. The report of the economic performance published by the European Commission, ranks Albania with a uptrend regarding the foreign investments , but also other important components that contribute in the genres performance of the country. ‘’ The direct foreign investments remain the main source of finance ...

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Construction works at Arber Road on track, Pm Rama publishes photos from the site

The works at ‘’Arber  Road’’ continue based on the contract and should end within 44 months, but with the works done so far and the commitment of the concessionary, the road is expected to end sooner. For the moment the works are concentrated at the Vasha Bridge that connects T5 and T6 tunnels. The bridge is composed of a metal ...

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