Economy

INSTAT: Growth of domestic agricultural production brought inflation fall in March 2019 to 1.1%.

The growth of domestic agricultural production, led to price declines in domestic markets, and brought the inflation fall in March 2019 to 1.1%. INSTAT announced that the monthly change in the consumer price index in March 2019, compared with February 2019, decreased by 0.3%. According to INSTAT, the annual increase of prices in March was mainly influenced by the group “Food and ...

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TAP stretches the first pipelines in Albanian waters

The Trans Adriatic Pipeline (TAP) successfully implemented the laying of the first underwater pipeline to the shore that extends to Albania. Saipem, the TAP contractor responsible for engineering, procurement, construction and installation of the marine section, is using the Castoro 10 ship for this process. Tubes were welded on the ship board, which was 1.4 km from the sea shore. ...

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WB: Foreign and fiscal imbalances improved, job growth boosted the workforce, and public debt declined

Albania has had an economic growth of over 4 percent in 2018 and the economic outlook for the period 2019-2020 is stable. Confirmation for the success of the Albanian economy comes from the World Bank in the Regional Economic Report for the Western Balkans. According to the World Bank, economic growth reached to 4.2% in 2018, from 3.8 in 2017. ...

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Quadruple expansion of exports in fishing sector increases employment

The quadruple expansion of exports in fishing sector in five years has also increased employment in this sector. Official figures from the Ministry of Agriculture show that the number of employees in the fishing industry went from 2,200 people in 2013 to about 8,200 people in 2018. Growth has been significant, especially in recent years, where fish processing factories have been under increase. The ...

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Increased funding opportunities for agribusiness sector in Albania

Raiffeisen Bank Albania and the EBRD Agribusiness Support Program in Albania are assisting local farmers and agribusinesses in Albania through increased funding opportunities, especially in the most deprived areas, according to a formal EBRD announcement. The EBRD and the Albanian government support the loan portfolio of up to 35m Euros for loans in the agribusiness sector by sharing the risk ...

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Albania keeps luring foreign investors

Foreign investors’ interest on Albania has been increased, a fact evidenced by the latest official data served by the Bank of Albania, according to which, foreign direct investments in the country have been increasing in the last year compared to the previous year. In concrete terms, it is about 1 billion Euros that foreigners have invested in years on Albanian ...

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A Balkan Region without Roaming tariffs

People in the Balkans, businessman’s, travelers, students, youngsters, all are in favor for lowering the tariffs of roaming in the region- the people are waiting to see it as a big benefit for them personally and their businesses. The Council for Regional Cooperation asked the people from the 6 capitals of the region that what it means to talk with ...

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Starting from 1 April, all pensions will increase by 2.8%

Starting from April 1, full-time old-age pensions, invalidity pensions, and family pensions will increase  by 2.8%. The decision approved  at the government meeting stipulates that from this  indexation will affect the pensions starting from April 1 onwards provided that the date of the beginning of the pension is 31 March this year. According to this decision, there will be growth ...

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Air travel in Albania increased significantly during the last years

The air transport sector in our country is recognizing an ever-growing trend of development, with passenger numbers, increased number of flights, or even direct lines. The Director of the Albanian Civil Aviation Authority, Krislen Keri, stated that “air transport in our country has started an upward trend since 2013, as from 2011 to 2013, the increasing performance of this transport was ...

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INSTAT publishes Transport Statistics for February 2019

During February, the number of passengers traveling by air underwent an increase, about 14% more compared to the same period last year, while airline companies increased the number of flights. By contrast, the carriage of goods and passengers by sea deteriorated. According to INSTAT statistics, the volume of loaded/unloaded goods in ports in February 2019 was 311 thousand tons, having ...

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