Economy

Albanian medical herbs keep being the most sought agricultural products in the foreign markets

Albanian medical plants keep being the most sought agricultural products in the foreign markets. Albania leads the production and exportation of these natural resources with about 500 ha of cultivated area with these plants. The medicinal and aromatic plant sector has had a significant impact on the country’s economy, with over 90,000 employed individuals, mainly in rural areas, significantly affecting ...

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PM Edi Rama: ”100 villages” will attract emigrants to invest their savings in Albania

Pm Edi Rama, during the joint meeting with all the representatives of the friends of Albania, considered the program a�?a��100 villagesa��a�� as a new cooperation way for the National Program for the Villages, for a successful model for rural development. a�?a��100 villagesa��a�� program is considered not only as a development model for overcoming economic difficulties , but also as a ...

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Spring Euro barometer: Economic situation and employment continue to be improved

The economic situation and employment as challenges of the Albanian society will continue to be improved. That is the conclusion drawn by the Spring Euro barometer for the European Union and the candidate countries, based on a face-to-face questionnaire with nationals from each of the countries. Asked about their expectations for the next 12 months regarding employment and the economy, ...

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Export increases thanks to resumption of sales from the mining industry

Albanian exports rose again in May, by about 24% more than a year ago thanks to the resumption of sales from the mining industry. Exports of the “mineral and fuel” group were 29 % higher in the first five months of the year. Official sources from the Ministry of Energy ascertained that the export of minerals has increased due to ...

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Rama: New tax cuts for small business

The head of government, Edi Rama, stated that the fiscal package in June 2018 guarantees more convenience for entrepreneurship. “With this review of the new tax reduction for small business, Agricultural Cooperation Associations and investments in Agro-tourism or Solar Energy, I wish you a week of good luck,” Rama writes. In his published video, he says that the profit tax ...

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Shell” committed to invest around $ 43 million in seven years of research

The contract between the Albanian government and the multinational company “Shell” for oil exploration in the Fourth Block is published in the Official Journal. It describes the rights and obligations of the parties, the value of the investments.A�As announced during the negotiation phase, “Shell” is committed to invest around $ 43 million in seven years of research, divided into three ...

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Mayor Veliaj: The new national theatre will cost a��30 million

The Mayor of Tirana, Erion Veliaj accompanied by the minister of Culture, Mirela Kumbaro, held a conversation with the community of artists, regarding the latest initiative of the government for building a new National Theatre. In his speech, mayor Veliaj shared his conviction that the project of the National Theatre will be a success story. He declared that this debate ...

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New railway network to be constructed in Albania

The deputy minister of Infrastructure and Energy, Artan Shkreli declared during the presentation of the investing projects that the government is conducting in the city of Durres, that the railway line Durres-Pogradec to be extended even further in Lin and Macedonia, a new project that foresees the full rehabilitation of the line according to the highest standards. Durres is one ...

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Increase of foreign touristsa�� influx brought more revenues in the Albanian economy

  The increase of foreign touristsa�� influx in the first months of this year has brought more revenues into the Albanian economy. According to the Bank of Albania data, the tourist expenses in Albania were 331 million Euros in the first quarter of the year, an increase of almost 10% compared to the same period last year.Previous INSTAT data shows ...

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Foreign direct investment on upward trend in first quarter of 2018

Foreign direct investment grew by 61.6% in the first quarter of the year compared with the same period a year earlier. The Bank of Albania reported that in January-March foreign companies invested EUR 283 million in the Albanian economy or EUR 108 million more than in the first quarter of 2017. Historical data show that this is the highest level ...

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