Economy

Electricity sector in Albania to undergo a full reform

Over the next two years, the electricity sector in Albania will undergo a full reform. This is according to a special plan, drafted by the government and recently formalized. “A reform effort began in 2006 with the country’s membership in the Energy Community and was further refined in 2015 with the adoption of a new law on the electricity sector. ...

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Citrus production upward-trend, exports remain modest

During 2017, about 38,000 tons of oranges were exported from Albania to EU member states.According to INSTAT data, citrus production in the country has increased, but most of them go for domestic consumption, while exports remain modest. With regard to the production of citrus in Albania, from the data of the Ministry of Agriculture, the amount of citrus fruit has ...

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Pm Edi Rama: Lowering of taxes will incite new businesses

Pm Edi Rama held a visit in a small enterprise that thanks to the lowering of the taxes it will increase employment, wages and developing investments. ‘’ We could have made the taxes increase way before but we did not have the chances. Now the opportunities are and the idea is that we avoided that the threshold of 80 million ...

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Government seeks to return the exchange rate of Euro to 130 ALL

The Government has approved the “Medium Term Management Strategy on Debt for the period 2019-2021” The document is published in the Official Gazette. The strategy states that “if public finances continue to follow the path of fiscal consolidation,” economic growth rates “will accelerate to 4.5 percent in 2021.” It also states that “the exchange rate of the domestic currency against ...

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Men’s life expectancy has increased in Albania

Life expectancy between males and females in Albania has always been characterized by a gap where women live several years longer than men.But in recent years there has been a narrowing of the gap as it is seen that the life expectancy of men is beginning to increase, while women’s lives are lagging behind. The gender difference in life expectancy ...

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Albania ranks 10th in Europe as regards cheap eats

Albania, compared to the region but also some European countries, is more expensive as regards cheap eats. According to the largest Numbeo.com portal, a meal in Albania costs around 5.5 USD, listing Albania at 10th place in Europe for the cheaper prices for a meal in an inexpensive restaurant. Kosovo is the cheapest country in Europe, where you can buy ...

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New year brings with it new taxes

The new year brings with it a fiscal package and new taxes included in this package have come into force. Thus businesses will pay fewer taxes this year. One of the changes consists in the rise of the threshold of those businesses that will be taxed by 5%, from 8 mln to 14 mln ALL. The director of fiscal policy at ...

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2019 will see the construction of the most important part of ”Arber Road”

The most important part of the Arber Road will be terminated within this year. The most important segment that will connect the city of Peshkopia with Tirana, will cut in half the distance between the two cities, and this distance will be covered in less than one hour, thus relieving a lot of traffic and the circulation of goods and ...

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Albania among the 15 holiday destinations according to ”Harper’s Bazaar”

The famous British magazine ‘’Harper’s Bazaar’’ held a poll in  cooperation with the traveling experts for the places trourisths should visit in 2019 and Albania stands among the top 10, together with places such as Sri Lanka, Canada, New Zealand and Japan. Pm Edi Rama wished a good morning for the Facebook followers with the article of ‘’Harper’s Bazaar’’. ‘’Good ...

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A new 5-star hotel to be build in the Ionian Riviera

After important contracts signed with investors of the most well known brands of 5 star hotels in the world that will invest in Albania, another 5 star hotel will be build soon in the Ionian coast, thanks to the agreement signend between Concord group and Alpitour, in Rome, where present was the  minister for tourism and environment , Blendi Klosi. ...

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