Economy

GlobalStat: Albania improves business climate, economy upward trend

The web site, “GlobalStat”, has presented an analysis of economic and trade indicators between Albania and the EU.According to the data of “GlobalStat”, Albania has registered an increase of Gross Domestic Product (GDP) from 2012 to 2017, currently reaching an increase of 3.7%, while the EU has a 2.1% increase. According to this report, there is an increase in two ...

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PM Edi Rama : Airports of Kukes and Vlora will lower the tariffs of TIA

Pm Edi Rama during him meeting with the citizens of Tirana, in the framework of public hearings, declared that new low tariffs will be offered for the citizens, with the construction of the Vlora Airport and the Kukes Airport. The high tariffs of Tirana International Airport was one of the requests that the citizens made to Pm Rama. Pm Rama ...

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BoA: Despite real-estate market ebbs and flows, trend is upward

The Bank of Albania conducted a survey with real estate agencies across the country and noted that in the second half of 2017, the sales volume reported in the central area of ai??i??ai??i??Tirana was much higher than the previous periods, while prices increased by 0.7% against the first six months of 2017. As regards the coastal areas, agents reported average ...

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10 new destinations for TIA during the touristic season

10 new destinations will be added to the Airport of Tirana, and 3 of them will double the capacities in order to ease the flux of tourist during summer season. The touristic expectations are high for this summer season and the touristic operators are finding ways to make flights flexible. The news was delivered by PM Edi Rama, through a ...

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Albanian okra the most demanded in the EU market

Entire land surfaces are massively planted with okra from different farmers in many areas of the country. The favorable prospect of exporting them to foreign markets has led farmers to increase their production. Undoubtedly, okra stands on top of the food pyramid as a super green. The month of April is the most appropriate time to start cultivating this fantastic ...

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WB Supports Better and Safer Access to Economic Opportunities for 80,000 Inhabitants in Albania

The World Bank Board of Executive Directors today approved a US$50 million Regional and Local Roads Connectivity Project to the Republic of Albania. The project supports improved access to several agricultural and tourism centers in Albania, and strengthened capacities of municipalities to manage their road assets. The existing condition of about half of regional and local road networks does not ...

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MP Hysi: Albania committed to boost relations with China

Socialist Party MP, Vasilika Hysi, heading a parliamentary delegation held a three-day visit to Beijing and Tianjin. MPs from Albania were acquainted with the Economic and Technological Development Zone Ai??of Tianjin, one of the most important areas for attracting foreign investment and stimulating innovation in North China. Hysi invited the Chinese investors to come and invest in the free economic ...

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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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