Economy

INSTAT: The Albanian economy marked the highest growth of the last 6 years

The Albanian economy marked the highest growth of the last 6 years in the first quarter of this year. According to INSTAT for the period January to March this year, the National Product underwent an increase of 4.45% as compared to the same period last year. This uptrend of the economic activity was mainly driven by the growth of the ...

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Mjalta��Fest, a culinary festival held in Dhermi

Mjalta��Fest, a culinary festival dedicated to honey was celebrated in the southern village of Dhermi during the weekend. Mjalta��Fest is one of the local festivals organized during the summer season in Albanian villages with major potential for tourism as a sustainable development strategy. The honey fair took place in the newly constructed coastal promenade. Bio honey producers from Himara region ...

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Mayor Veliaj in Singapore: Tirana, a place beyond belief

Tirana was selected as one of the cities that has made a lot of progress in the managmend of the city and running water. Such evaluation came from the World Summit of Cities 2018 and the Annual Water Summit held in Singapore, where the Mayor of Tirana, Erion Veliaj presented the achievements and the significant changes that Tirana has gone ...

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Imported red potato, now cultivated in Divjaka

Wise, hard working and skilled Divjaka farmers are overtaking the tradition of cultivating typical Albanian agricultural products by expanding it with other products of innovation known to Albanian consumers from foreign markets or import products.Red potato costs more than white and russet potatoes and its nutritional values a��a��are greater. Therefore, this fact is a major impetus for the Albanian farmers ...

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Vlahutin: EU plans to expand funding in Vlora to over 50 million Euros

The water treatment plant in Vlora is a very important infrastructural work for the environment and tourism, which will be followed by a series of other investments.The statement was issued by Prime Minister Edi Rama during the inauguration of the water treatment plant in Vlora. He stressed that a number of other investments for water, sanitation and energyA� will continue ...

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Ahmetaj: Strengthening of Lek, a negative impact on Albaniaa��s budget

The strengthening of lek and the increase of the amount of refunds are the two main reasons which have led to fewer revenues to be collected by the government in the first six months of the year. Finance and Economy minister, Arben Ahmetaj said that as a result of the strengthening of lek, the government collected 3.6 billion lek less. ...

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Rama: 28,324 more employees since May last year

Prime Minister Edi Rama, in a meeting with the Regional Employment Directorates stated that “all offices have accomplished the objectives, while some have moved ahead”. “Since May last year, we have 28,324 more employees. Over 14 thousand people have been employed through the Labor Office in this 6-month period “, the head of government said.”Those who want to verify these ...

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Ministers of Economy of Western Balkan countries met in Vienna

The Minister of Finance and Economy, Arben Ahmetaj, participated in the meeting of the Ministers of Economy of the countries of the Western Balkan, a meeting that is held on July of every year, in the framework of the Berlin Process. The EU Commissioner for Enlargement Johannes Hahn participated in this meeting. The focus of the meeting was the presentation ...

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New highway to connect northern Albania and Kosovo with Rinas Airport

The highway ThumanA�-FushA� KrujA�-Kashar, that connects through a modern infrastructure the north of Albania and Kosovo with Tirana International Airport and with the Port of Durres, is on the final phase of preparations. Through a post on his social network a�?a��Facebooka��a�� Pm Edi Rama declared that his highway will be build according to all the European standards. The highway ThumanA�-FushA� ...

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EBRD considering a loan of $ 69.4m for tourism projects in Albania

The European Bank for Reconstruction and Development (EBRD) is consideringA�the provision of a loan up to $ 69.4m for financing infrastructure and tourism projects in Albania. A�According to the statement issued by EBRD the loan will be divided into two tranches of 30 million Euros each and is part of Albania infrastructure tourism enabling program. “The bank will also seek ...

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