Economy

Kosovo Assembly Speaker Veseli: Private sector development is key to economic development

Kosovo Assembly Speaker Kadri Veseli stated during a visit to the American Chamber of Commerce that private sector development is key to economic development. Veseli stressed out that the preparation and training of the workforce would directly affect the growth of the economy and that visa liberalization will be a boost to businesses and society. Further, Veseli cited the grant ...

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Electricity Distribution Operator: Electrical energy losses fell to 25.4 %

The Electricity Distribution Operator announced that electrical energy losses fell to 25.4 percent in the first half of the year, marking the lowest level in many years. “The main indicator, the level of network losses, January-June 2018, was 25.4 from 28.6% in 2017 for the same period, while before starting the reform, the level of losses was 45.3%,”A� Director of ...

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International tender opened for 70 mln Euro investment for a photovoltaic power plant

The Ministry of Energy has opened an international tender for the first large photovoltaic plant, which will be built in the Akernia area of a��a��Vlora. According to the project, the solar park will have a minimum installed power of 50 megawatts and a total investment value of 70 million euros.A�Through press releases in the international press, the Ministry has called ...

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Gjiknuri: A tourist airport to be opened soon in Saranda

Minister of Infrastructure and Energy Damian Gjiknuri accompanied by the MP of the SP Alket Hyseni visited several new hotel businesses in Saranda and Ksamil. “We had the opportunity to visit and see from close some hotel businesses that were recently opened in Saranda and Ksamil. We had the opportunity to talk with people operating these businesses as well as ...

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BoA Governor Sejko: Employment upward trend

Governor of the Bank of Albania, Gent Sejko says that employment has increased and the unemployment rate has fallen to 12.5%. Governor of the Bank of Albania, Gent Sejko confirmed today that the fall in unemployment at 12.5% a��a��is the lowest historical unemployment rate registered in Albania, while progressive growth of the total number of employees in Albania is being ...

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Upward trend of remittances

“Remittances: A Support to Development”. This is the recent scientific study published by the Bank of Albania expert group Argita Frasheri, Valentina Semi, Rudina Lilaj, Enian A�ela, Lindita Vrioni and Arlinda KoleniA�o. This material presents a briefing of the research work of the Bank of Albania during the first semester of 2018. More concretely, it reflects some of the works ...

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Ahmetaj: Country’s economic performance on the right track

Minister of Finance and Economy Arben Ahmetaj in an interview with fDi Magazine commented on the Albanian economy and its pace of development. According to him, the country’s economic performance is on the right track. “Today, the economy has improved considerably. Growth in 2017 was 3.84% of GDP, “said the Minister, while reminding the fact that when the SP came ...

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ECB: More and more Albanians opt for the euro

Albanians are among the biggest users of the euro in the Balkans. This is confirmed by the latest figures of the European Central Bank, according to which, 43.2% of Albanians prefer to have their savings in euros. In this aspect, they are only left behind by the Serbs, who keep 64.2% of their savings in euros. Although interest rates in ...

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EBRD: 100 villages-project, the right way to develop the country

The program of 100 villages has been assessed by the director of the European Bank for Reconstruction and Development (EBRD) for Albania, Matteo Colangeli, as a way to develop the country. While voicing support for this program, Colagel said that particular efforts will be made with municipalities to provide the right infrastructure for creating appropriate conditions for tourists visiting Albania. ...

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Foreign businessmen’s visits to Albania undergo an increase of 25%

Foreignersa�� visits in Albania for business or professional purposes have undergone a significant increase. This was announced by the Institute of Statistics in its latest report, according to which about 8,000 foreign visitors have come to Albania in June this year, as compared to 7100 in June last year, translated into a 13% annual growth. During the first 6-month period, ...

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