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Albanian Enterprises Lag Behind in Innovation
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Albanian Enterprises Lag Behind in Innovation

TIRANA, November 10 The pace of innovation is slow in Albania, official data from the Institute of Statistics (INSTAT) show, suggesting businesses have a long way to go in modernizing their activities, models, products, and markets. INSTAT conducted a survey from 2017 to 2019 regarding the innovative activity in enterprises with more than 10 employees....

Is Albania Empowering a Next Generation of Social Entrepreneurs?
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Is Albania Empowering a Next Generation of Social Entrepreneurs?

TIRANA, November 5 So far, only six non-profits got the social enterprise (SE) status in Albania, a recent study conducted by the Regional Incubator for social Entrepreneurs (RISE) confirms. However, the study found that interest in social enterprise seems to be increasing, as seen by interested parties. The Regional Study and Guidelines on Social Entrepreneurship...

New Draft-Law on Startups Open for Public Consultation
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New Draft-Law on Startups Open for Public Consultation

TIRANA, November 3 Albanian authorities are working on a draft-law on supports and development for innovative startups. The new bill is expected to fill the legal gap regarding the startup ecosystem in Albania. According to the draft-relation, supports for startups include new policies, fiscal incentives, the creation of a friendly ecosystem for innovative startups in...

Five-Month Koran Fishing Ban Announced
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Five-Month Koran Fishing Ban Announced

TIRANA, October 30 A new order published in the Official Gazette on Friday says that the Ministry of Agriculture has imposed a seasonal ban on fishing Koran trout also known as Ohrid trout in Ohrid Lake with effect from November 11th to March 1, 2021. The order defines the intentional catching, transporting, and landing of...

How the Pandemic Impacted Real-Estate in Albania
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How the Pandemic Impacted Real-Estate in Albania

TIRANA, October 21 With a global health crisis wreaking havoc on industries, economic sectors, and personal finances, the Bank of Albania took the temperature of the Albanian real-estate market to define if and to what extent the pandemic has sickened it. The findings give insights on the performance of construction companies and realtors, and the...

EBRD Launches Program for Innovative Startups in WB6
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EBRD Launches Program for Innovative Startups in WB6

TIRANA, September 25 The European Bank for Reconstruction and Development (EBRD) launched the Star Venture program in the Western Balkan countries (WB6). The program’s goal is to identify innovative startups with the potential to scale up. The program will provide applicants with business advice and access to finance to accelerate their life-cycle. Based on the...

Heavy Hailstorm Hit Konispoli Citrus Orchards
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Heavy Hailstorm Hit Konispoli Citrus Orchards

TIRANA, September 23 The first rainfall of the season accompanied by a hailstorm caused considerable damage to citrus and olive orchards in Konispol and Xarra area, southern Albania. Those are the most important areas for the production of high-quality tangerine and clementine fruits in the country. Farmers reported local damage up to 50 percent of...

ICT Jobs among Highest-Paying in Albania
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ICT Jobs among Highest-Paying in Albania

TIRANA, September 10 Albania might not be among the highest paying countries for information and technology careers, yet ICT jobs are on the list of the highest-paid positions. The recent report on wage data in Q2 2020 issued by the Institute of Statistics (INSTAT) shows that only the financial and insurance sector pays more than...

Albania Keeps Unchanged Position on Global Innovation List
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Albania Keeps Unchanged Position on Global Innovation List

TIRANA, September 3 Albania ranks 83rd among 131 economies featured in the annual Global Innovation Index (GII), 2020 released on Wednesday. Albania maintained the same position as in 2019 and 2018. The index defines the ranking of world economies based on their innovation capabilities. More specifically, it takes into consideration 80 indicators that are grouped...

Made in Prison, Inspired by Freedom
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Made in Prison, Inspired by Freedom

TIRANA, September 1 Objects, like humans, have a story to tell. They carry the stories of their makers and are shaped based on their wishes. This can be the reason why most of the objects made by the women in Prison 325  are shaped like birds, butterflies, ladybugs, and other creatures that are free to...