Economy

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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Doing business, Albania improves business climate ranks 63rd

Investing in Albania is becoming easier and safer. This is the conclusion drawn by “Doing Business”, in a report compiled by the World Bank, highlighting that the business climate has been improved in our country. According to the Doing Business 2018 report, released today, reforms undertaken throughout this year have had a direct impact. Albania made enforcing contracts easier by ...

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Agricultural exports sustain upward trend

Agricultural exports, according to official data for the 9-month period 2018, marked an increase of 9.9% compared to the same period last year. The data show that for the first 9 months of 2018, all chapters have resulted in growth.  Fishing sector underwent the biggest spike with 34.6%, livestock with 11.8%, and agro-industry with 8.7%, followed by agriculture undergoing an ...

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Albania reaches record number of foreign investments

The minister of Finance and Economy, Arben Ahmetaj during an interview declared that direct foreign investments in Albanian have increased significantly. According to minister Ahmetaj , in the 6 month period of 2018, our country benefited 486 million euro of foreign investments, that can reach record numbers for our country. Asked about the expectations for 2018, minister Ahmetaj underlined that ...

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Albanian export upward trend

In this 9-month period, foreign trade has marked a positive performance, especially in the export of Albanian goods. Goods exports reached 26 billion ALL in September, increasing by 8.7% compared to the same period a year ago and by 28.0% compared to August 2018. In terms of exports, in this 9-month period, they grew by 15.3%, compared with the previous ...

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Peleshi: Albanian agriculture products now eligible in European Union countries

“Albanian agriculture products are now eligible in European Union countries, Sweden, Czech Republic, Italy, Romania, Bulgaria, Greece, Switzerland and many other countries, since  all pertinent EU requirements are met ,” said Minister of Agriculture and Rural Development Niko Peleshi, pointing out that goods rejection does not exist as a phenomenon. Minister Peleshi visited several farms and collection points in the ...

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Pm Rama: TAP pipeline,an important project for the Albanian economy

Thanks to the TAP pipeline, nearly 1 billion EURO will be injected in the Albanian economy for the next 20 years. Pm Edi Rama present in the initiation of the works in the marine sector of TAP ,that will connect Albania with Italy, stressed the great importance that this project has for the perspective of the Albanian economy. ‘’Thanks to ...

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