Category: Market and Trade

Albania’s Exports Grew 18% in First Half of 2018

Albania’s Exports Grew 18% in First Half of 2018

TIRANA, July 18 Albania’s exports are continuing a double-digit export growth that helps to reduce the negative effects of the weak Euro against the Albanian Lek. The Institute of Statistics (INSTAT) confirmed that during the first six months of 2018, Albanian companies exported nearly Lek...

AFSA Warns Investors on Six Red Flags of ICO Scams

AFSA Warns Investors on Six Red Flags of ICO Scams

TIRANA, July 3 The Albanian Financial Supervisory Authority (AFSA) warns investors on the risk of possible ISOs, Initial Coin Offering, that are used to fund scams. AFSA highlighted in its latest press release that investors have to be careful due to the fact that ICOs...

Turkish Lira Decline Favors Albanian Importers

Turkish Lira Decline Favors Albanian Importers

TIRANA, May 28 While the Turkish economy is at risk as the national currency Lira hit a record low, Albanian importers are taking advantage of the situation. Last Wednesday, Turkey’s currency hit historic lows, bringing losses to more than 20 percent against the Dollar. Turkey...

Euro Hits Lowest Level against Lek Since 2009

Euro Hits Lowest Level against Lek Since 2009

TIRANA, May 3 The Bank of Albania (BoA) says that the recent strengthening of the Albanian Lek against the Euro is not a consequence of the institution’s strategy for a strong domestic currency. On Thursday, the Euro exchange rate to Lek was 127.92, the lowest...

Albania’s Exports Increased in Q1

Albania’s Exports Increased in Q1

TIRANA, April 18 Albanian exports during the first three months of 2018 were worth Euro 95 million more compared to the same period of 2w017. Official data from the Institute of Statistics (INSTAT) show that Albanian companies sold to the international market commodities worth of...