Economy

New year brings with it new taxes

The new year brings with it a fiscal package and new taxes included in this package have come into force. Thus businesses will pay fewer taxes this year. One of the changes consists in the rise of the threshold of those businesses that will be taxed by 5%, from 8 mln to 14 mln ALL. The director of fiscal policy at ...

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2019 will see the construction of the most important part of ”Arber Road”

The most important part of the Arber Road will be terminated within this year. The most important segment that will connect the city of Peshkopia with Tirana, will cut in half the distance between the two cities, and this distance will be covered in less than one hour, thus relieving a lot of traffic and the circulation of goods and ...

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Albania among the 15 holiday destinations according to ”Harper’s Bazaar”

The famous British magazine ‘’Harper’s Bazaar’’ held a poll in  cooperation with the traveling experts for the places trourisths should visit in 2019 and Albania stands among the top 10, together with places such as Sri Lanka, Canada, New Zealand and Japan. Pm Edi Rama wished a good morning for the Facebook followers with the article of ‘’Harper’s Bazaar’’. ‘’Good ...

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A new 5-star hotel to be build in the Ionian Riviera

After important contracts signed with investors of the most well known brands of 5 star hotels in the world that will invest in Albania, another 5 star hotel will be build soon in the Ionian coast, thanks to the agreement signend between Concord group and Alpitour, in Rome, where present was the  minister for tourism and environment , Blendi Klosi. ...

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Investments from EU countries in Albania turn out to be 5.45 billion Euros, the highest in the region

The stock of foreign direct investment from European Union countries to Albania at the end of 2017 amounted to 5.45 billion euros, according to statistics published in the Eurostat data system. After reaching 2015, at the highest level of 5.9 billion euros, stock has fallen slightly over the next two years. Compared to Gross Domestic Product (GDP), EU investments in ...

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INSTAT: Exports “made in Albania” marked a positive performance during the 11-month period of 2018

Exports “made in Albania” marked a positive performance during the 11-month period of 2018, reflecting the positive growth trend of the oil, minerals, and spare parts sectors. INSTAT announced that for January-November exports totaled 289 billion ALL, an increase of 15% compared to the same period of the previous year.Textiles and shoes lead the Albanian exports, with ALL 115 billion, ...

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INSTAT: The expense of Albanians travelling abroad reached to 1.1 billion Euros for the first 9-month period

The Albanian economy benefited nearly 1 billion and a half euro of gross income from tourism in the first nine months of the year. Official figures from the Bank of Albania indicate that this year tourism continued to expand at two-digit pace, being one of the most dynamic sectors of the economy. According to the data released in the balance ...

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Employment of young people increased by 2.3% in the third quarter of 2018

The number of employed people 15 and over nationwide has increased by 2.3% in the third quarter of 2018, compared to the same quarter a year earlier. INSTAT announced that, during this quarter, the employment rate for the population aged 15-64 is 59.7%. The annual growth rate of employment for the population of 15 years and over, from the third ...

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2019 budget envisages an economic growth of 4.3% of GDP

The 2019 budget envisages an economic growth of 4.3% of Gross Domestic Product. Meanwhile, for 2019, an increase in employment with over 30,000 employees is predicted, while unemployment is projected to fall to 12%. Over the past 4 years, unemployment has marked a significant decrease. In 2014 unemployment was 17.9%, in 2015 it was 17.5%, in 2016 it was 15.6%, ...

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Ahmetaj: 65 000 employees in all major sectors will have a pay rise

Minister of Finance and Economy, Arben Ahmetaj, spoke yesterday about the 2019 state budget. He said that with the new budget there will be a pay rise in all major sectors and over 65 thousand employees will benefit from it. “The budget finances the justice reform and all other reforms that we have launched together and today we are yielding the ...

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