Economy

The economic growth of Albania to be 4.3% in 2019

The draft budget of 2019 continues to sustain the country’s economic growth, keeping up tax consolidation and bringing the reduction of the public debt. That was the statement issued by  Finance minister,  Ahmetaj during the presentation of the 2019 draft budget at the parliamentary economy committee. Domestic demand is expected to maintain the economic growth, such as private consumption and investments. Focusing on investments, Ahmetaj ...

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Infrastructure, all the road axis will be completed by 2021

Infrastructure is another important sector of economy that will benefit considerable funds from the state budget for the period 2019-2020. The minister of Finance and Economy, Arben Ahmetaj during the presentation of the draft budget of 2019 at the Economy Commission, declared that this sector will benefit 2,8% of the GDP and the financing of the infrastructure projects aims the ...

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The main priority of 2019 budget remains debt reduction

The Ministry of Finance has finalized the state budget for 2019. According to the draft already approved by the Council of Ministers, expenditures are expected to top up to ALL 519.3 billion, an increase of 22 billion ALL compared to this year. For the second consecutive year, the government has prioritized capital investments, which account for about ALL 88.8 billion ...

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Ahmetaj: 2019 budget supports economic growth of 4.3%

 Budget 2019 supports economic growth of 4.3%, creation of new jobs, and financing of the justice reform. That is the statement issued by the Minister of Finance and Economy, Arben Ahmetaj attending the meeting of the Consultative Council between central and local government, for the local budget 2019. Ahmetaj emphasized that the 2019 budget supports new policies that reflect the full ...

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Annual Conference of the Bank of Albania co-organised with London School of Economics and Political Science

Bank of Albania Conference, in cooperation with the London School of Economics and Political Science was held in Tirana on the topic: “Monetary Policy, Economic Integration and” New Normality “. At the conclusion of the conference, Governor of the Bank of Albania, Gent Sejko stated that “the conference was successful, we took our lessons from this conference, we focused on ...

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IMF mission expected to visit Tirana

An International Monetary Fund (IMF) mission is expected to visit Tirana next week. As a previous IMF financing user, Albania is already part of the so-called “Post-Program Monitoring”, which requires bi-annual reviews of macroeconomic developments, risks and policies. The extended three-year Fund Facility Mechanism (EFF), which enabled the Albanian government to receive a loan of EUR 377.3 million, ended in ...

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Rama: Customs union to be soon established with Kosovo

“Nobody prevents us to have a customs union with Kosovo, as this is the right of our two states”. That is the statement issued by Prime Minister Edi Rama from Kukës when asked about the abolition of customs’ barriers between Albania and Kosovo. The head of government stated that when we talk about two countries without customs, we mean customs ...

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Doing business, Albania improves business climate ranks 63rd

Investing in Albania is becoming easier and safer. This is the conclusion drawn by “Doing Business”, in a report compiled by the World Bank, highlighting that the business climate has been improved in our country. According to the Doing Business 2018 report, released today, reforms undertaken throughout this year have had a direct impact. Albania made enforcing contracts easier by ...

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Agricultural exports sustain upward trend

Agricultural exports, according to official data for the 9-month period 2018, marked an increase of 9.9% compared to the same period last year. The data show that for the first 9 months of 2018, all chapters have resulted in growth.  Fishing sector underwent the biggest spike with 34.6%, livestock with 11.8%, and agro-industry with 8.7%, followed by agriculture undergoing an ...

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Albania reaches record number of foreign investments

The minister of Finance and Economy, Arben Ahmetaj during an interview declared that direct foreign investments in Albanian have increased significantly. According to minister Ahmetaj , in the 6 month period of 2018, our country benefited 486 million euro of foreign investments, that can reach record numbers for our country. Asked about the expectations for 2018, minister Ahmetaj underlined that ...

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