Category: Market and Trade

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Water Industry is Flowing as Exports Increase
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Water Industry is Flowing as Exports Increase

TIRANA, October 25 Water seems to be the newest growing industry in terms of production and sales. The data are positive even regarding trade with the region and European countries. Information provided by official stats on exports for January-September 2016 confirms an increase of bottled water export. According to the data issued by the Ministry...

New Law Draws Harsh Reaction from Commerce Chambers
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New Law Draws Harsh Reaction from Commerce Chambers

TIRANA, September 30 Thursday’s decision of the Albanian Parliament for adopting the changes to the law on Commerce and Industry Chambers didn’t sit well with the commerce chambers in Albania. They harshly reacted by saying that such decision is a step backwards for democracy and it is against the principles applied by similar organizations in...

Import Statistics Confirm Albanians Want More Coffee
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Import Statistics Confirm Albanians Want More Coffee

TIRANA, August 3 Albanians have a special love affair with coffee either espresso or Turkish and statistics show that it has grown stronger. The recent data issued by the General Directorate of Customs confirm that coffee import during January-May 2016 period increased significantly compared to the same period of the previous year. According to the...

Italy Reconfirmed Albania’s Largest Trade Partner
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Italy Reconfirmed Albania’s Largest Trade Partner

TIRANA, August 2 Italy remains Albania’s main foreign trade partner as it m 39.8 percent of the total volume of trade. This was confirmed by the report on foreign trade for June 2016 issued by the Institute of Statistics (INSTAT). According to the report, exports toward Italy increased by 28.5 percent compared to June 2015...

Albanian Currency (ALL)
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Albanian Currency (ALL)

The Albanian monetary unit is called “Lek” (Albanian Lek – ALL). The currency floats freely but is quite stable. Most boards exhibit the current exchange rate on the right side of the screen. On the rate boards in banks and exchange offices (kembim valuator) the initials ALL are sometimes used instead of the word “Lek”. Here you...

Market Overview
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Market Overview

Economic Freedom Score “Albania’s economic freedom score is 66,9 out of 100 (most free) making its economy the 54 Freest in the 2014 Index. Its overall score has increase by 1.7 points, with notable improvements in investment freedom and trade freedom. Albania is ranked 25th among the 43 countries in the Europe region, and its...