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State Budget, Around Lek15 billion Less in 2018
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State Budget, Around Lek15 billion Less in 2018

TIRANA, 17 September Last year, in 2018 the public debt had a value of around €1.1 trillion (€9 billion) or 67.2% of GDP. The Ministry of Finance and Economy, has compiled the draft law on factual budget, with the published data, and has sent it to the parliamentary commissions for discussions, and afterward to be...

Remittances Increased During Q2, 2019
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Remittances Increased During Q2, 2019

TIRANA, 11 September The contribution of emigration in the Albanian economy is increasing even during this year. According to Bank of Albania, during the Q2 of 2019, the remittances reached a value of €186 million, an increase of €4 million compared to a year ago. In the second half of this year, the value of...

Processing Industry Dominated Work Market in 2018
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Processing Industry Dominated Work Market in 2018

TIRANA, 10 September Whilst the work market is mainly deformed and has a mismatch between the offer and demand, data from the National Service of Employment, shed a light about what the businesses offer. Referred to data, it results that 46% of vacancies are in the processing industry. Thus, the businesses need craftsmen of different...

Anti-Informality Action didn’t Meet Expectations in First Month
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Anti-Informality Action didn’t Meet Expectations in First Month

TIRANA, August 22 In July 2019, value-added tax and national taxes registered a decrease The income that the administration has collected by taxes and customs, in July 2019, that coincides with the start of the action against informality was a total value of Lek39.2 billion, according to fiscal statistics published by the Ministry of Finance...

State Department on Fiscal Transparency in Albania in 2019
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State Department on Fiscal Transparency in Albania in 2019

TIRANA, August 20 The United States Department of State has published on Thursday, 15 August 2019, the annual report titled ‘2019 Fiscal transparency report’, which assessed the fiscal transparencies of 141 governments, and indicates whether those governments made significant progress toward meeting the requirements during the review period of January 1 to December 31, 2018....

About 27% of Active Mining Permits in 2018 Didn’t Work at All
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About 27% of Active Mining Permits in 2018 Didn’t Work at All

TIRANA, August 16 Official data reported by the mining companies, to the National Agency of Natural Resources show that last year, 27.3% of subjects with an active permit for mining exploitation, has not worked a single day. In total, the number of active subjects in 2018, was 604, which results that even though 165 of...

The WB Estimates the GDP of Albania in 2018
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The WB Estimates the GDP of Albania in 2018

TIRANA, August 5 According to the latest classification by the World Bank regarding the Gross Domestic Product (GDP) for the year 2018, Albania is ranked the 122nd biggest economy in the world, out of 183 economies analyzed. The GDP of Albania is estimated in the size of $15.05 billion during last year, according to the...

Save the Date for Energy Expo & Forum 2019 Tirana
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Save the Date for Energy Expo & Forum 2019 Tirana

TIRANA, August 2 The third edition of the international Energy Expo & Forum will take place in the Albanian capital on 4 – 5 October 2019. The forum offers opportunities and supports communication and cooperation in the energy sector and leads to novelties and contemporary scientific research for the energy sector in Albania and regional...

State Budget Increased Revenue by 3.5% in First Half of 2019
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State Budget Increased Revenue by 3.5% in First Half of 2019

TIRANA, July 24 The state budget increased the income by 3.5% from January-June 2019 but compared to the planning they were €30 million less. Official data by the Ministry of Finance, show that in the period January-June 2019, the government collected Lek225.4 billion, from Lek217 billion that was collected in the same period of 2018....

European Commission: Albania’s Economy Lacks in Technology and Innovation
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European Commission: Albania’s Economy Lacks in Technology and Innovation

TIRANA, July 19 “Albania has made some progress in terms of energy, transport and digital infrastructure development, but lack of productive know-how, low education levels and technology transfers hinder Albania’s competitiveness and integration into international value chains”. That is what the European Commission says about Albania’s economy on its latest report, published on Thursday, July...