Economy

Sejko: Bank of Albania committed in monitoring other banks’ monetary policy moves

Governor of the Bank of Albania, Gent Sejko stated that the normalization of monetary policies by the main central banks in the world is not expected to have a negative impact on the economy and finances of Albania. According to Mr Sejko,Ai??the supervisory and regulatory framework of the Albanian financial system has been significantly improved along with its ability to ...

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Rama: Official requests for the strategic investment of Vlora’s new national airport

Prime Minister Edi Rama has announced that official demandsAi??have been received for the construction of a new airport in Vlora. ai???By June work kicks off!”Mr. Rama writesAi??on social media. The airport is expected to be built at the former Military Aviation Basis of Akernia, once former military aviation school. Only Mother Teresa International Airport is currently operating in Albania. An ...

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New projects for developing rural areas

The Albanian government has shifted its aim to the development of the rural areas , and made it a priority in its second governing mandate. There are a lot of reasons for that to do so but the three most important ones are ai??i?? 45% of the Albanian population live in the rural areas ai??i?? agriculture contributesAi?? with 21% of ...

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Inflation for Albania 2% in 2017

Albania ended last year with an average inflation rate of 2% . This is a rate considered to be within the 2.5% target set by the Bank of Albania. Thus, according to the countryai??i??s Statistics Institute, during the month of December, inflation was 1.8%, registering a slight increase from the 1.7% value during the month of November. Meanwhile, what stands ...

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Kosovo-Albania increase trade exchanges

The new approach to co-operation with Kosovo has led to the greatest increase of trade exchanges between Albania and KosovoAi??by about 33% only during 2017.Ai??During the past year, trade exchanges amounted to ai??i??202 million , from ai??i??149 million realized in 2016. In percentage, Kosovo’s exports to Albania increased by 46.39%, while Albania’s exports to Kosovo increased by 30.34%. In monetary ...

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Albanian exports to China significant increase

Albanian exports to China marked a significant increase during the 11-month period of 2017, compared to the same period of 2016.Ai??According to statistics published by the Institute of Statistics (INSTAT), during January-November 2017 exports amounted to ALL 8 billion, while in January-November 2016 the value of exports was 6.1 billion ALL. While imports are estimated at ALL 44.2 billion, a ...

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INSTAT: Albanian population interest in the labor market increased

The interest of the Albanian population (15-64 years) to participate in the labor market has been increasing in recent years. According to INSTAT data in the third quarter of 2017, the participation in the labor force turned out to beAi??67Ai??% for the working age population, an indicator that hasAi??been increasing since 2014. In the last ten years, the record was ...

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2018 budget, Ahmetaj: Economic growth and public debt reduction

According to the Minister of Finance and Economy Arben Ahmetaj 2018 budget conveys two main messages: high economic growth thatAi??brings well-being and significant debt reduction. The government, meanwhile, predicts that this year national production will expand by 4.2%. Revenues in the 2018 budget are estimated at ALL 464.2 billion, or 6.3% more than in the year that we left behind. ...

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INSTAT: Number of foreign tourists arrivals greatly increased

Albania is increasingly attracting foreign tourists. The number of foreign nationals that entered our country in November 2017 was 4,860,226, or 7.8% more, compared to the same period last year. According to the Institute of Statistics (INSTAT), in the eleventh month of 2017, among the countries with the highest number of citizens in Albania, Poland has had the highest increase ...

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Agreement ona�?New Kosovoa�? thermal power plant construction

The government of Kosovo has signed an agreement with US company, Contour Global for the construction of a�?New Kosovoa�? thermal power plant. Based on this agreement, the power plant will have a bloc of 500 megawatts and will cost 1.3 billion euros. Contour Global will secure 30% of the projecta��s value and the loans provided by international financial institutions, by ...

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