Category: Market and Trade

Home Market and Trade
Exports Go Down, Imports Go Up, Trade Deficit Widens
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Exports Go Down, Imports Go Up, Trade Deficit Widens

TIRANA, October 21 The Albanian Institute of Statistics (INSTAT) reported a 5.5 percent drop in export during September 2019 compared to the same month of 2018. Meanwhile, the same stats confirm a 2.8 percent drop in export during the first nine months of 2019. The negative reading was affected by two important categories respectively Textile...

Demand and Love for Coffee Grow as Prices Stay Low
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Demand and Love for Coffee Grow as Prices Stay Low

TIRANA, October 8 To-go or to stay, Albanians love coffee and the official data on the coffee trade during 2018 helped to grow this relationship stronger. Based on the stats provided by the Albanian Customs, imported coffee totaled 7,000 tons of coffee or Lek 28.6 billion in 2018. A year-over-year comparison shows a 32 percent...

Euro/Lek Hits Best Levels in Months
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Euro/Lek Hits Best Levels in Months

TIRANA, October 3 The Euro strengthened against the Lek to its highest level in over four months. Based on the Bank of Albania (BoA) official exchange rate, 1 Euro=122.66 Lek on Thursday, the highest level since the end of May. The Euro entered a rising trend by mid-September. Experts say that the Euro strengthening against...

Tomatoes, a Rising Star in Made in Albania Exports
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Tomatoes, a Rising Star in Made in Albania Exports

TIRANA, September 26 Albania’s trade profile drafted by the World Trade Organizations (WTO) provides key insights about the most exported ‘Made in Albania’ products. Based on WTO’s data, the top exported goods in 2018 consisted of manufacturers, fuels and mining products, and agricultural products. The profile confirms that Albania exported the highest dollar worth of...

In August 2019, Exports were Down by 27% Compared to Previous Month
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In August 2019, Exports were Down by 27% Compared to Previous Month

TIRANA, 18 September August 2019- Trade deficit was Lek32 billion, or up by 13%  The Institute of Statistics (INSTAT) has published the latest data, on Tuesday, 17 September regarding the exports and imports of goods in Albania last month. The publication titled ‘The foreign trade of goods’, shows that the exports of goods during August...

Fish in Albania Costed as Much as in U.K. in 2018
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Fish in Albania Costed as Much as in U.K. in 2018

TIRANA, 9 September The price of fish in the market became more expensive in 2018, for Albanians, even though data from the Institute of Statistics show that the quantity of its capture was increased last year. The price of fish, in Albania in 2018 was given the mark 81.2, compared to 77.4 which was in...

Investors See Potential in Albania’s Fixed Line Broadband
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Investors See Potential in Albania’s Fixed Line Broadband

TIRANA, 3 September  The market of land-line broadband is reaching the threshold of 400.000 subscribers. The Electronic and Postal Communication Authority reports an increase with the fast pace of this indicator, even in the first half of this year. At the end of June 2019, the reported number of subscribers from the operators was 399.000....

Revival of Consumption in Non-durable Goods Affects Economy
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Revival of Consumption in Non-durable Goods Affects Economy

TIRANA, August 27 The consumer loans are increasing at satisfactory rates, in 2019. According to data by the Bank of Albania, at the end of June 2019, the portfolio of consumer loans reached the value of Lek48.4 billion, or around €400 million. Compared to a year ago, loans for individuals were raised by 5.5%. The...

This Sector Employed More People in Q2, 2019
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This Sector Employed More People in Q2, 2019

TIRANA, August 26 The average monthly gross salary has continued to rise in the second trimester of 2019. According to the Bank of Albania, the annual growth of the indicator in nominal terms was 4.9%, after the increase of 3.4%, in the Q1. Meanwhile, the monthly average salary was increased by 3.3%, from 1.5% that...

More Bee Farms this Year, but Subsidy is Still Modest
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More Bee Farms this Year, but Subsidy is Still Modest

TIRANA, August 23 The bee farms are increasing each year, because of the high income, that comes from the production of honey, also because it is less engaging than other jobs in the farming sector. According to data by the Agency for Rural and Farming Development, during 2019 have applied and were qualified for a...