Economy

Sejko: Economic growth is following a positive curve

The governor of the Bank of Albania, Gent Sejko participated in the spring meetings of the International Monetary Fund (IMF) and World Bank Group in Washington. There he held several important meetings with important figures of the world of finance. In these meetings, he briefed them on the latest developments in the Albanian economy, stressing that the countryai??i??s economic growth ...

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Albanian apple map of export recognizes new dimensions of success

The Albanian apple map of export recognizes a new dimension of success. After the Balkan countries, Europe and Egypt, Saudi Arabia’s markets have also increased demand for exports of the Albanian apples. Currently, Albania is turning into one of the biggest apple exporters, not only in Europe but also in other continents. The apple production in the country is expected ...

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EBRD provides 218 million Euros loan for debts restructuring

The European Bank for Reconstruction and Development officially announced that the Albanian side has met all the conditions to make the loan agreement between this bank and Albanian Power Corporation effective. The agreement is worth 218 million Euros, and was signed on 30 June 2016 targeting the old debts restructuring. The news was confirmed by the Minister of Infrastructure and ...

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Albania-Iran Business Forum, cooperation opportunities

The Union of Chambers of Commerce and Industry of Albania, in cooperation with the EmbassyAi??of the Islamic Republic of Iran in Albania, will organize on 25 of April 2018, the Business Forum “Albania-Iran” in the premises of Tirana International Hotel. In this forum, which will be organized under the auspices of the Ambassador of the IslamicAi??Republic of Iran Gholamhossein Mohammadnia ...

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Export boom in the first 3 months, EUR 95 million

Albanian exports grew by about EUR 95 million in the first three months of the year compared with the same period last year. Official statistics from the Institute of Statistics show that for the period January to March, Albanian companies sold EUR 572 million of goods to foreign markets, or nearly 19 % more than a year earlier. According to ...

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IMF:Expectations for Albania’s economic growth in 2018 remain unchanged at 3.7%

Albania has recorded a growth rate of its economy at 3.9 percent over the previous year. This is the assessment of the International Monetary Fund, which yesterday presented the Global Economic Outlook report yesterday in Washington. According to this report, expectations for Albania’s economic growth in 2018 remain unchanged at 3.7%. In last October’s report, the IMF had lowered expectations ...

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BoA: Economic sentiment indicator grew by 3.7 percentage points in the first quarter of the year

The economic sentiment indicator, which measures business and consumer confidence in the country’s economy, grew by 3.7 percentage points in the first quarter of the year. Referring to the Bank of Albania survey, the growth of confidence in the economy during the January-March period came mainly from businesses, while the perception of consumers for the economy has deteriorated. The findings ...

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Minister Klosi: 2018 will be a successful year for tourism

For the first time, 84 touristic operators form 46 countries of the world gathered in Tirana, for purchasing touristic packages from the Albanian operators. Present at the inaugural Ai??ceremony was the Minister of TourismAi?? and Environment, Blendi Klosi. In his speech ,Minister Klosi declared that 2018 will see a great touristic development, because of the increase of the interest of ...

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Albania posts annual inflation of 2% in March

Albania posted annual inflation of 2% in March, after consumer prices rose by 2.1% y/y a month earlier, statistics office data showed on April 10. In line with the central bankai??i??s assessments, annual inflation is expected to hover around 2.2% in 2018 and converge to the central bank’s target in 2019. Previously, the Albanian central bank expected to reach the ...

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VAT scheme, Ahmetaj: There has been no price increase so far

  Minister of Finance and Economy, Arben Ahmetaj in a press release today informed citizens and small business about the purpose and the impact of small business involvement in the VAT scheme. Ahmetaj said that the opposition’s statements on price increases are fake. According to Minister Ahmetaj VAT has been and will remain in the final price of any formalized ...

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