Economy

Albania, a record of tourists even during the first months of 2019

Albania as a European tourist destination continues to be the favorite tourist attraction of foreign tourists even during 2019. During the first quarter of 2019, 695 thousand foreign visitors visited Albania, a figure that compared to the same period of 2018 has a 2.7% increase. Only in March, Albania was visited by 294,000 foreign tourists, thus 11.8% more than in ...

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BoA report for 2018, Sejko: 2018 a year of progress for the Albanian economy and finances

Governor of the Bank of Albania, Gent Sejko presented today in the Economic Commission the report of 2018 of the institution he heads. Sejko said 2018 was a year of progress for the Albanian economy and finances. “Economic activity and employment continued to expand, domestic inflation and wages increased, the main indicators of banking sector improved, and a number of ...

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Demand for business loans downward trend in the first quarter of 2019

Bank of Albania underscored in its recent released report that there has been a low demand for loans by small businesses in the first three months of 2019. “Demand for loans by businesses was lower in the first quarter of 2019”, BoA says, underlining  that this demand turned out to be lower for not only for investment loans but also ...

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Minister Çuçi calls on farmers to apply for the funds of national support

  The minister of agriculture and rural development Bledi Çuçi called on the Albanian farmers to apply for the funds of the Supporting National Scheme, as a way to benefit financial support. Mr. Cuci made this statement from the city of Gjirokastra, in a meeting with the famers in the framework of the information campaign that the ministry has started ...

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Minister Çuçi invites Saudi businessmen to invest in Albanian agriculture

The group of Saudi investors who arrived in Albania at the invitation of Prime Minister  Edi Rama for a three-day “Business Tour” held a meeting with the Minister of Agriculture and Rural Development, Bledi Çuçi and other senior leaders of this department. During this meeting they were introduced with Albania’s potentials on foreign investors, particularly on the agricultural sector and ...

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Exemption from fuel tax helped increase fish exports

Exemption from fuel tax, since 2015, has brought facilities and has reduced the costs for the fishing sector in our country. Actors of this sector say that the non-taxed oil received by the fishing fleet has helped increase fish exports. The government’s decision to supply the fishing sector with  unexcised oil has made a great contribution to fishermen. Oil is ...

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INSTAT: Unemployment rate at its lowest historical level since the beginning of 2013

Labor market performance has undergone a continuous improvement in our country. About 1.2 million people turn out to be employed in 2018, nationwide, INSTAT reports. Based on this data, the official unemployment rate is at its lowest historical level since the beginning of 2013. The Institute of Statistics estimates that the participation rate in the labor force for the population ...

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FLYNAS to establish a direct line Tirana-Riyadh

The low cost flying company FLYNAS will start the direct flights from Tirana to Riyadh. FLYNAS is the second biggest company in Saudi Arabia and has been praised as a company that offers the best competitive prices in the low cost flights. The minister of infrastructure and energy, Belinda Balluku and the president of FLYNAS, Bander AL-Mohanna signed the memorandum ...

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German government, 2mln euro project for sustainable rural development in Albania

The German government will finance a 2 mln euro project for sustainable rural development in Albania. The agreement was signed by the Minister of Agriculture and Rural Development, Bledi Çuçi and the Director of GIZ Hannes Cassens. This agreement aims at properly addressing the challenge of consolidating and orienting agriculture in Albania towards a more competitive agriculture. Minister Çuçi said ...

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One of the biggest cruise ships anchored in Saranda

The cruise ship ‘’Lirica’’ of the MSC giant, anchored in Saranda, the southern port of Albania. It holds on board nearly 2360 tourists coming from different countries of the world. The tourists were received by the representatives of the Ministry of Tourism and the Municipality of Vlora. Butrinti and the Blue Eye remain the main touristic destination of the daily ...

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