Economy

European Commission forecast: Albania’s economic growth, 4.1%

The European Commission said on Thursday that it increased the forecast for Albania’s economic growth this year to 4.1% from 3.6% expected in May. Economic growth is expected to be stable, driven mainly by consumption. The real growth of national output will be reduced to 3.9% in 2019 and the following year, due to the low level of energy production and ...

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Albania is part of ”China International Import Expo fair

Albanian business is participating in the fair ‘’China International Import Expo ‘’ in Shanghai, promoting the products ‘’Made in Albania’’, as a great opportunity that our country offers for the new investors. The Albanian companies supported by the Agency of Investments and Development , belong to the liquor and food sector. The interest for the companies for Albania and the ...

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President Ilir Meta meets with Italian entrepreneurs

The Italian entrepreneurs expressed great interest for enlarging the productive trade with Albania, through mutual cooperation in the fields of biodiversity and agriculture, especially in the production and processing of citruses. President Ilir Meta visited the company ‘’Amarelli’’, where he met with the leaders and the members of Unindustria and members of Confindustria in Italy. During this meeting President Meta ...

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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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