Category: <span>Market and Trade</span>

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Albania’s Exports Rose 35.6 % in 2021
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Albania’s Exports Rose 35.6 % in 2021

TIRANA, January 17 With a 35.6 percent surge year-on-year, Albania’s exports hit Lek 369 billion in 2021, data from the Institute of Statistics (INSTAT) confirmed on Monday. Meanwhile, imports also surged faster to Lek 801 billion, up 32.3 percent year-on-year. Thus, Albania’s trade deficit in 2021 stood at 432 billion, up 29.6 percent compared to...

Blockchain Regulations to Pave the Way for DLT Licensing
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Blockchain Regulations to Pave the Way for DLT Licensing

TIRANA, November 23 The Albanian Financial Supervisory Authority (AMF) is expected to adopt the first two regulations on blockchain technology, Monitor Magazine reported on Tuesday. AMF’s Steering Board will review on Thursday the two draft regulations ‘On capital adequacy and own funds of entities operating on financial markets based on DLT’ and ‘On licensing entities...

COVID-19 Caused 5.1% Turnover Loss for Albanian Companies
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COVID-19 Caused 5.1% Turnover Loss for Albanian Companies

TIRANA, November 11 Stay-at-home orders, travel restrictions, and supply-chain delays during 2020 had an impact on consumer habits, and consequently on businesses and industries’ revenues. The latest publication by the Albanian Institute of Statistics (INSTAT) provides insights on how much, the COVID-19 pandemic hurt the revenues of enterprises by sector. Based on the data, the...

Albania Exports up 31.1% in September
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Albania Exports up 31.1% in September

TIRANA, October 18 September exports +31.1% year/year September imports + 31.6% year/year September trade balance + 32.0% year/year In September 2021, the total volume of goods exported was Lek 33 billion 31.1 percent year-on-year, as reported by the Albanian Institute of Statistics (INSTAT). The increase was mainly seen in exports of construction materials and metals,...

How to Get the Approved Exporter Status in Albania?
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How to Get the Approved Exporter Status in Albania?

TIRANA, October 14, 2021 The General Directorate of Customs in Albania issued a guideline on how to obtain the Approved Exporter status. Based on the announcement, all interested subjects can start an application through the e-Albania platform. This status offers two types of advantages to its holders. First, it eliminates queue times when dealing when...

Exports Up by Over 30% in July
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Exports Up by Over 30% in July

TIRANA, August 18 In July 2021 the total volume of commodities exports rose to Lek, 32 billion, up by 30.6 percent year-over-year (y-o-y) as reported by the Albanian Institute of Statistics (INSTAT) on Tuesday. Exports surged on account of a growth in the trade of construction materials and metals, minerals, fuels, and electricity, and machinery,...

Exports up 21.9 in Q1, BoA Says
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Exports up 21.9 in Q1, BoA Says

TIRANA, May 17 Albania’s exports rose 21.9 percent over a year ago on January – March (Q1), the Bank of Albania (BoA) confirmed. According to the Central Bank, construction materials and metals had a major contribution to export growth as consumer demand in international markets strengthened. Moreover, other groups of exported goods that had a...

Albania’s March Exports Up 78.1%, Trade Deficit Widens
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Albania’s March Exports Up 78.1%, Trade Deficit Widens

TIRANA, April 21 Albania’s exports in March grew by 78.1 percent from a year earlier, the largest gain in over four years, data from the Institute of Statistics (INSTAT) showed on Tuesday. March exports stood at Lek 32 billion while imports grew by 45.3 percent to Lek 64 billion. The trade deficit widened by 23.4...

Albania Exports Begin 2021 with y-o-y Monthly High
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Albania Exports Begin 2021 with y-o-y Monthly High

TIRANA, February 17 Albania’s exports started the new year with a high monthly figure as sales reached Lek 24 billion, the Institute of Statistics (INSTAT) confirmed on Wednesday. Exports increased 3.1 percent year-on-year in January 2021, and 2.8 percent compared to December 2020. In the meantime, January imports increased 8.4 percent to amount to Lek...

Albania Exports Down 9% in 2020
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Albania Exports Down 9% in 2020

TIRANA, January 18 In 2020, Albania exports amounted to Lek 272 billion. This is 9.0 percent less compared to 2019, the Institute of Statistics confirmed on Monday. Imports were worth Lek 605 billion, which is 6.8 percent less compared to 2019. Meanwhile, the trade deficit was Lek 333 billion at the end of December, a...