Economy

Albania ranks third in Europe for electricity production from renewable sources

Albania ranks third in Europe after Norway and Iceland for electricity production from renewable sources, with a percentage of 86 percent of total output in 2016, confirms Eurostat. Based on official statistics, this level is higher than the European Union average (EU), where the production of electricity from renewable sources contributed to 30 percent of total electricity consumption during 2016. ...

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State the largest employer, only 23% of new jobs were generated by the private

In the first six months of the year, the Albanian economy generated 14.4 thousand new jobs, but only 23% of them, or about 3,274 new jobs, were created in the private sector. Much of the 6200 jobs, or 43%, were provided by the state sector and 34% (4,950) were generated by agriculture. According to INSTAT data referring to administrative resources ...

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Banking system in Albania reports 12.6 billion ALL worth of earnings in the year to July

Banking system in Albania reported earnings during the month of July. According to the figures issued by the Bank of Albania, progressive profit for the first seven months of the year was 12.6 billion lek, as opposed to 11 billion in the first six months. Meanwhile, compared to the same period last year, profits in the banking system  registered a ...

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International media outlets praise the touristic season in Albania

Tourists flowing towards Albania, one of the most popular destinations of summer 2018, according to the bookings of flights and hotels, writes the prestigious Italian newspaper ‘’il Messaggero’’. The country of the eagles is very much frequented by the Italians. Around 5.7% of Italians have chosen Albania as their favorite destination to pass their vacations. There are more of them ...

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Government priority investments: 143 projects worth 13.7 billion Euros

The Albanian Government  has selected 143 priority public projects through the Strategic Planning Committee, which cost 13.7 billion Euros, according to official sources from the Ministry of Finance. This package, already approved by the Strategic Planning Committee, consists of projects and includes the following sectors: (a) -Transport (road, rail, sea, air); (b) Energy (Broadcasting, Energy Efficiency); (c) Environment (water and ...

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Number of charter flights to Albania goes up

Besides the growing number of tourists in Albania, there has also been an increase of charter flights travelling to the country. This is confirmed by the latest report by Civil Aviation for the month of July, according to which, the number of passengers flying by charter was 79.311, 65.80% higher than in 2017. “The number of passengers travelling by charter ...

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Rama: Projects in Vlora will carry on

Prime Minister Edi Rama and some ministers of his cabinet held a meeting in Vlora focusing on this year’s tourist season. Mr Rama declared that the problem of wastewater drainage and a number of water and sanitation interventions across the south will come to an end, underscoring that the project will start in autumn this year, and will bring about ...

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Investment opportunities in Albania

Albania is currently waiting for the opening of negotiations for the European Union accession. This means that the country has made progress in key sectors such as the rule of law and the reform in the justice sector. Even though there is much to be done, Albania is paying special attention to potential investors. The most successful managers and entrepreneurs ...

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Pm Rama: The goal for 2025 is to bring 10 million tourists in Albania

Pm Edi Rama declared during a meeting with business men in Lezha that the objective for 2025 is to reach 10 million tourists visiting Albania. Speaking about the investments in tourism, Pm Rama declared that ‘’ I want to congratulate for the investment done here, I am surprised by the amount of investment done here , and I am really ...

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Export upward trend

In July 2018, exports of goods amounted to ALL 27 billion, increasing by 7.9% compared to the same period a year earlier and by 0.2%, as compared to June 2018. Growth was  noticed even in imported goods which amounted to ALL 58 billion, 5.4% more than a year ago and 6.8% as compared to June 2018. Data from the Institute of ...

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