Economy

Albania and Japan to consolidate bilateral relations

Deputy Pm,Erion Brace held a meeting with the ambassador of Japan in Tirana, Makoto Ito. During the meeting they talked about the actual bilateral relations between the two countries and the opportunities for further cooperation in the future. Deputy Pm Brace expressed his interest for increasing the investments of Japanese companies in Albania and both parties agreed in continuing the ...

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Albania: Investments plummet to their lowest level in five years

Private investments in the Albanian economy went down to the lowest level in the past five years. In real terms, last year investments amounted to 18.6% of Gross Domestic Product as opposed to 19.4% in 2017. According to the figures supplied by the International Monetary Fund, private investments were at their highest in 2014, when they amounted to 21.7% of ...

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EC report: Albania has the highest economic growth and the lowest unemployment in the region

The European Commission has published a quarterly report on the economic performance of candidate and potentially EU candidate countries, analyzing the economies of the Western Balkans, including Turkey. Enthusiastic, the head of the Economy Committee, former Minister of Finance and Economy, Arben Ahmetaj points out four important points highlighted in this report. 1. ‘The first good news is that Albania ...

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European Council : Foreign investments in Albania on an upward trend

The foreign direct investments that entered Albania  increased again compared with the last trimester. The report of the economic performance published by the European Commission, ranks Albania with a uptrend regarding the foreign investments , but also other important components that contribute in the genres performance of the country. ‘’ The direct foreign investments remain the main source of finance ...

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Construction works at Arber Road on track, Pm Rama publishes photos from the site

The works at ‘’Arber  Road’’ continue based on the contract and should end within 44 months, but with the works done so far and the commitment of the concessionary, the road is expected to end sooner. For the moment the works are concentrated at the Vasha Bridge that connects T5 and T6 tunnels. The bridge is composed of a metal ...

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Albania to host two major international energy sector meetings in 2019

Minister of Infrastructure and Energy Mrs.Belinda Balluku had a meeting with the Secretary General of the Energy Charter, Urban Rusnák, with whom she discussed about the rotating Presidency, which in 2019 will be held by Albania. During the meeting, Minister Balluku introduced Rusnak not only with the strategic plans in infrastructure and energy, but also with strong investments in the ...

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Imports from far-flung Colombia to Albania increased 136%

Imports from far-flung Colombia to Albania have experienced a strong growth over the last three years. According to INSTAT data, in 2018, goods worth about ALL 2 billion were imported from Colombia, with an increase of 136% compared to the previous year, whereas by 2015 they were negligible. Although in absolute terms, the goods we import from Colombia are low, ...

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2019 index of economic freedom: Albania in the moderately free countries

Albania gained 13 positions in the Heritage Foundation’s economic freedom index for 2019. This index is one of the most prestigious in terms of economic freedom and analyzes 180 countries around the world. Our country is ranked among the countries with moderate economic freedom, with a score of 66.5 points. Albania’s good performance is underlined in the report, where it ...

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S&P rates Albania’s public debt B +

The international finance giant, S&P rated Albania’s public debt B + describing the country’s finances with a sustainable perspective. The prestigious rating agency estimates that Albania’s public debt has decreased by 5 percentage points in the last three years, down to 67.9 percent of national output, supported by economic growth and government borrowing. According to Standard and Poor’s, if this ...

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Boosting access to finance for women-led small businesses in Albania

Women who run small businesses will benefit from a €5 million EBRD loan to Intesa Sanpaolo Bank Albania (ISBA), Albania’s fourth largest bank. Intended for on-lending to women-led small businesses in Albania, this loan will help to narrow the gender gap in access to finance and know-how that can hold women back from fuller participation in the economy. The five-year ...

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