Economy

Ahmetaj: IDEA program provides support to young entrepreneurs

Finance and Economy Minister Arben Ahmetaj said IDEA program will provide support to young entrepreneurs for ages 19-34, to better respond to the challenges the Albanian government has for employing and engaging young people in the work market. Present at the launch of the project “IDEA – Entrepreneurship Support Scheme”, which took place in Tirana on Thursday, with the participation ...

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EC report: Albania risks to face the challenge of reducing foreign direct investment

Albania risks from one year to the other to face the challenge of reducing foreign direct investment in the conditions when two major energy projects (TAP and Devolli) are being completed and other investments have natural resources or are non-tradable. The European Commission report published this July has taken into account the Economic Reform Programs of some Balkan countries, including ...

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Albania and Kosovo inaugurated the joint border crossing point in Morina

Albania and Kosovo inaugurated the joint border crossing point in Morina on Tuesday. The ribbon was cut by the EU ambassador in Tirana Vlahutin, the EU ambassador to Kosovo, Apostolova, and Deputy Prime Ministers of Albania and Kosovo, Mesi and Hoxhaj. Morina is the main border point between the two countries where most passengers and goods pass. The operation of ...

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Export upward trend January-June 2018

In a weekly statement on government work, according to INSTAT, the performance of exports during January-June 2018 compared to 2017 has experienced a significant increase. The mining sector has experienced an increase of + 34%, followed by construction materials + 28.6%, food, beverages, tobacco + 14.9%, and textiles and footwear by + 9.3%. As far as exports through 2018 are ...

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Ahmetaj: Public debt sees drop in the first three months

The public debt of our country, according to the latest European Commission report for candidate and potentially candidate countries, including Albania, has decreased. Minister of Finance and Economy, Arben Ahmetaj referring to this report responded to the accusations of the opposition in the parliament which said that the public debt has increased. “Public debt has dropped year-on-year and is going ...

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Euroa��s depreciation reflects its effects on exports

Albanian manufacturers have long complained about the damages that the depreciation of the euro has had on Made in Albania products. Now wea��re finally seeing signs that this has really been the case. So, the latest figures supplied by the countrya��s agency for statistics INSTAT concerning exports, show that they have seen a significant increase during the month of June ...

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57 mln Euro from energy export, the highest record through 2018

The Albanian Power Corporation has published the first 2018-month period of economic, financial and operational indicators. This period has broken the record of gains due to heavy rainfalls. 57.1 million Euros come from energy export or 48.8 million Euros more than 2017. The net operating profit for the period January-June 2018 turns out to be 6,199,243,000 ALL. Intensive precipitation during ...

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Governor of Albanian Central Bank meets with IMF officials

Governor of the Bank of Albania, Gent Sejko has held a meeting with representatives of the International Monetary Fund as part of the continuous process of exchanging opinions and cross-institutional dialogue. The governor said that macro-economic environment in Albania is sustainable and that it offers the necessary conditions for a positive economic growth. He also told IMF officials that the ...

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EBRD investment program for tourism development

The European Union and the European Bank for Reconstruction and Development (EBRD) are preparing an investment program for tourism development. The Italian portal reporting the news refers to the European Commission sources. According to the same source there are about 100m euros planned for the construction of local roads and water supply in tourist areas. The program also provides for ...

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Academy of 100 villages established, a network of cooperation between the govt and the university world for rural revival program

The project of 100 villages means their return to genuine tourist destinations and agrotourism is an opportunity that helps overcome poverty, said Prime Minister Edi Rama in the activity for signing a cooperation agreement with the university world. “We will transform these 100 villages into genuine tourist destinations to spark economic and social development and wea��ll put efforts to bring ...

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