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EU Commission Cuts Albania’s GDP Growth Forecast to 2.7%
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EU Commission Cuts Albania’s GDP Growth Forecast to 2.7%

TIRANA, May 17 The European Commission has slashed Albania’s GDP forecast for 2022 to 2.7 percent from 3.7 percent predicted earlier, citing the impact of Russia’s invasion of Ukraine. The European Commission lowered its growth estimate for Albania for 2022 by a full percentage point. The outlook highlights that the normalization of growth was dampened...

Govt Approves Wind Farm Project in Fieri Area
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Govt Approves Wind Farm Project in Fieri Area

TIRANA, March 31 The Council of Ministers green-lighted the plans for the construction of a wind farm in the Fieri region. The Wednesday approval paves the way for the development of wind energy projects in Albania. According to the decision, the park will be constructed in the area of Gryka village, which is part of...

TAP Transports First 10bcm of Natural Gas to Europe
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TAP Transports First 10bcm of Natural Gas to Europe

TIRANA, March 17 A total of ten billion cubic meters (bcm) of natural gas from Azerbaijan has now entered Europe through the Trans Adriatic Pipeline, TAP-AG announced on Thursday, March 17th from Baar, Switzerland, where it is registered. Out of those 10 bcm, about 8.5 bcm have been transported to Italy, the press release points...

Bread Price Increased by 25% in March
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Bread Price Increased by 25% in March

TIRANA, March 11 Albanians have been warned since September 2021 that the price of bread would increase. Back then, the bread price increased by 14 percent. However, the war in Ukraine and the energy crisis caused a huge spike in bread prices over the last weeks. Despite, the above-mentioned reasons, citizens believe that wheat importers,...

Consumer Index Price Hits Decade-High in February
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Consumer Index Price Hits Decade-High in February

TIRANA, March 9 The February inflation report was the hottest ever for the last decade. According to the data published by the Albanian Institute of Statistics (INSTAT), February consumer prices reached the highest level in over ten years as costs increased for a wide range of products. Based on INSTAT stats, the Consumer Price Index...

Albanian Rail Update on Train Transport
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Albanian Rail Update on Train Transport

TIRANA, March 8 Update: Train transport operates normally  An Albanian Railway Facebook page, linked by the official Railways website,announced that train service has stopped as of Monday, March 7th due to lack of fuel. The decision came at a time when prices are on the rise in every sector including public transport. In such a...

Call for Applications Open for Sustainable Tourism Ideas
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Call for Applications Open for Sustainable Tourism Ideas

TIRANA, March 4 Deadline: March 18th at 14:00 hours A call for ideas that promote sustainable tourism in Albania that creates jobs opportunities is now open by RisiAlbania. The goal of the project is to offer alternate options to seasonal coastal tourism and to increase employment opportunities for people aged 15-29, especially for those living...

U.S. Citizens Can Stay in Albania for One Year without Visa
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U.S. Citizens Can Stay in Albania for One Year without Visa

TIRANA, March 3 The US citizens entering Albania can stay in the country for one year without needing to apply for a residence permit. This was decided on Wednesday during the meeting of the Council of Ministers. The period of stay for U.S. citizens in Albania was proposed by the Ministry for Europe and Foreign...

Aging Albania Still among Youngest European Countries
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Aging Albania Still among Youngest European Countries

TIRANA, February 28 Albania ranks third in the lists of the European countries with the youngest population in 2021. Based on the data unveiled on Monday by Eurostat, the median age of Albania’s population in January 2021 was 37.6 years. However, the data also confirm that Albania’s population is aging at a fast pace. The...

Grants for Tourism, Agro, and Fishing Businesses in Prespa Area
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Grants for Tourism, Agro, and Fishing Businesses in Prespa Area

TIRANA, February 25 New and existing businesses, startups, farmers, fishermen registered as businesses, and Non-Governmental Organizations (NGOs) operating in the sectors of tourism, agriculture, and fishing in the Prespa area can apply for financial grants. The Transboundary Biosphere Reserve Prespa and the Regional Administration for Protected Areas in Korca inform that the first call for...