Category: Market and Trade

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20 Most-in-Demand Jobs in Albania
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20 Most-in-Demand Jobs in Albania

TIRANA, August 20 A recent survey conducted by the United Nations Development Program (UNDP) and the Albanian Institute of Statistics (INSTAT) helps to identify the country’s most dynamic employment landscapes. Currently, the most-in-demand jobs are call center operators, tailors and other specialists in the apparel and footwear industry, waiters and counter jobs, mining and construction...

Albania’s Exports Grew 18% in First Half of 2018
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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 158 billion in commodities to foreign markets. These figures confirm...

Tirana among Top Highest House Price to Income Ratio Cities in Europe
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Tirana among Top Highest House Price to Income Ratio Cities in Europe

TIRANA, July 16 Albanian capital Tirana is one of the cheapest cities for property investment for international citizens, but it highly expensive for the Albanian middle class. According to the current house price to income ratio, houses in Amsterdam, Berlin, Stockholm, Brussels, and Athens are cheaper compared to Tirana. Based on Numbeo’s data, Albania ranks seventh...

AFSA Warns Investors on Six Red Flags of ICO Scams
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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 are not subject to regulation and therefore there is no...

Turkish Lira Decline Favors Albanian Importers
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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 is one of the main trade partners of Albania, and...

Telco Companies Count €30mln in Lost Revenue to Voice and Chat Apps
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Telco Companies Count €30mln in Lost Revenue to Voice and Chat Apps

TIRANA, May 24 It seems that Albanian telecommunication companies are going through the same global trend that the telco industry has been facing during the recent years. Customers are using over-the-top (OTT) services such as voice and chat applications instead of traditional voice and data services. According to the data provided by the Albanian Electronic...

Euro Hits Lowest Level against Lek Since 2009
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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 rate since 2009. BoA’s governor gent Sejko said that other...