TIRANA, March 17 COVID-19 also referred to as the “novel coronavirus,” has already had a major local impact among citizens and businesses in Albania. The American Chamber of Commerce in Albania (AmCham) urged the Government of Albania to develop an emergency plan in support of the business community to prevent a deep economic crisis from...
TIRANA, March 17 The association of Italian industrialists in Albania, Confindustria Albania, issued a list of proposals for the Albanian government aimed at facing the economic and social crisis induced by the progressive expansion of the COVID-19 emergency. According to the inquiries carried out by Confindustria with associated enterprises, the spread of the new coronavirus...
TIRANA, March 12 Entrepreneurial and Innovation Ecosystem in Albania is a research study conducted in Albania in January 2019 and updated in September 2019. Invest in Albania’s founding agency, Manoolia, was among the 50 ecosystem actors, 17 start-ups, more than ten universities, and policymakers that were were interviewed to gain a comprehensive understanding of the...
TIRANA, March 11 Small and medium-sized enterprises in Albania account for 99.8 percent of the active enterprises in 2018, the Institute of Statistics (INSTAT) confirmed on Wednesday. This figure is the same as the previous year. In terms of sectors, trade accounts for 41.4 percent of SMEs. It is followed by the services sector, 21.2...
TIRANA, March 10 In 2019, the average monthly gross wage was Lek 52,380 an increase of 3.5 percent compared to 2018, the Institute of Statistics (INSTAT) confirmed on Tuesday. Salaries were highest in quarters two (April, May, June) and four (October, November, December). The highest average monthly gross salaries are in sectors of finance and...
TIRANA, March 4 Rising construction prices mean rising house prices. Although official data from the Institute of Statistics confirm a decline in the house construction index, prices in the housing market continue rising. According to INSTAT, the house construction index reached a rate of 104.1 during the fourth quarter (Q4) of 2019, down to 0/1...
Albania is among those countries that benefit BPOs the advantages that the industry is looking for. Besides the geographic position, the ease of doing business, and linguistic diversity, Albania offers an education system that feeds the needs of the BPO sector. The Albanian education system defines that a foreign language is part of the school...
TIRANA, March 3 The U. S companies in Albania ask for attractive tax policies that eliminate obstacles and differences with other countries in the region. Such policies would improve the country’s investment competitiveness. Chair of the American Chamber of Commerce Enio Jaco pointed this out as one of the main requests of the AmCham members...
TIRANA, February 28 A new bill on viticulture and enology will set standard rules on wine grape processing and trading in Albania. The bill that’s expected to be signed into law by the end of the year will define specific criteria and minimize any abuses. The bill aims at setting the rules on production, authorized...
TIRANA, February 25 The new fiscal package that came into force in January includes specific incentives for the automotive industry that define a corporate income tax rate of five percent instead of 15 percent. However, a second verdict adopted by the government says that not all the subjects operating in the automotive sectors qualify as...