Economy

Minister of Economy Arben Ahmetaj: Imports and exports on a positive trend

Albania continues with the positive pace with the foreign trade, where in the 9 month period of 2018 exports increased with 15.3% compared with the period January – September 2017, while imports increased with only 3 %. The numbers were made public by the minister of Economy and Finances, Arben Ahmetaj. ‘’ In September 2018 exports reached 26 billion ALL, ...

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INSTAT: Average wage in the economy increased by 2.5 % in the second quarter of 2018

After a drop of 3 percent in the first quarter of the year, the average wage in the economy grew by 2.5 percent in the second quarter of 2018 compared to the same period of the previous year, INSTAT reported. The average monthly salary reached 50,392 ALL in April-June 2018 from 49,150 ALL in the same quarter of 2017. At ...

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Minister of Finance Ahmetaj : Economy is consolidated, it increased with 6.5%

Even though during 2017 the energy sector suffered a drastic drop, this didn’t affect the economy because the investments increased with 6.5%, where sectors such as agriculture, trade and construction, generated an economic increase on the amount of 3.84%. This was the declaration of the minister of Economy and Finances, Arben Ahmetaj during the plenary session of the Albanian parliament. ...

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Albanian economy review: Economic increase and low unemployment

The Minister of Finance and Economy Arben Ahmetaj declared during the meeting of the Economy Commission that ‘’ the economic increase conveyed positive effects at the work market, lowering the unemployment rate and increasing employment’’. Unemployment rate for the group age from 15-64 years old in 2017 dropped to 14.1% from 15.6% that was in 2016, meanwhile employment increased with ...

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Global Shell brand will soon be present in the Albanian fuel market

Global Shell brand will soon be present in the Albanian fuel market. Market sources say Shell will be brought to Albania by Greek company Coral S.A, which owns the right to use this brand for Greece and Serbia. In Greece, Coral has about 800 gas stations with the Shell brand and holds roughly 20% of the market. Coral is part ...

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Sejko participates IMF and WB annual meetings

  The Governor of the Bank of Albania, Gent Sejko participated in the Annual Meetings of the International Monetary Fund and the World Bank Group (WB), which took place in Bali, Indonesia. In the meetings held, Governor Sejko stressed that economic activity in the country continued to improve. Sejko said that the Bank of Albania remains predisposed to provide all ...

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Revival of ferrochrome plant in Burrel

Infrastructure and Energy Minister Damian Gjiknuri visited the Ferrochrome Plant in Burrel where he saw from close the impact of government measures over recent years to revive the mineral processing industry within the country. During 2017, the concessionary company made 11 million USD of investments on reviving the furnaces, refurbishing smelters  which have led to the ferrochrome production capacity increase at the ...

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European Commission conducted analysis on the performance of the Albanian economy

The European Commission, in the third quarterly report on the performance of candidate countries and potential candidates, has conducted an analysis of the performance of the Albanian economy, where it has concluded that investments are slowing down, reflecting the completion of major energy projects. While growth in the first half of the year was driven by energy production and processing ...

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General Directorate of Road Transport: 42,625 vehicles older than 10 years

  About 81% of vehicles registered in our country for 2017 and the first two months of 2018 are produced before 2009, while only 19% of them have been produced in the last 10 years. According to the data of the General Directorate of Road Transport Services, 52,250 vehicles were registered for this period, out of which 42,625 are older ...

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“Albania plows the land”the largest fair of Albanian products at “Mother Teresa” Square

“Albania plows the land” is the largest fair of Albanian products promotion at “Mother Teresa” Square. Prime Minister Edi Rama invited everyone to become part of this fair to see and enjoy the best Albanian products.  The second edition of this fair is organized by the Ministry of Agriculture and Rural Development, Chamber of Commerce and Industry as well as ...

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