Economy

INSTAT: Albanian birth rates decline as compared to death rates, a blow expected to be given to the economy

According to the recent report published by the Institute of Statistics (INSTAT) there has been a downward trend in the fertility rate across Albania during the third quarter of 2018. The death rate has surpassed the birth rate, resulting in fewer births. Under these circumstances the Albanian government will offer cash incentives in the coming year to parents in order ...

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Business and consumer confidence in the economy fall

Citizens of this country have less confidence in the economy. Both consumers and businesses are proving to be less optimistic about the future of their finances. Such is the conclusion of the Bank of Albania in the Consumer and Business Confidence Report. “Confidence in the economy has seen a drop of 4% in the third quarter of this year”, the ...

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New budget foresees wage increase for the Armed Forces

Pm Edi Rama declared that there will be an increase of wages for Albanian military, starting with 19% for the wages of the soldiers. ‘’ After being forgotten for many years by the financial evaluation,  we will increase their payment for everyone at the Armed Forces , a considerable increase ‘’ – declared Rama. During the work for the draft ...

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Rama: Vlora to undergo huge investments

Prime Minister Edi Rama made the presentation of the 2019 budget in the city of Vlora highlighting that we will now work to have tourism in Albania every season of the year. Rama added that the coastal city of Vlora will undergo a huge transformation through road infrastructure, but not only.He stated that the infrastructure budget is purposely presented in ...

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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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