The Albanian Ministry of Agriculture made a press declaration regarding the embargo or Russia for Albanian agricultural exports. Russia has decided to put embargo for several European countries as …
The positive effects of tourism in strengthening the Albanian lek
The increased number of tourists during the summer season has affected positively in strengthening the Albanian Lek currency, say experts. The Albanian Lek has performed positively towards Euro and US …
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Investment funds increased during the first semiannual of 2015
In a recent report, the Albanian Financial Supervisory Authority declared that investments funds increased during the first semiannual of this year, reaching the amount of ALL 67.4 billion or 5,85% …
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Bank of Albania to put in auction EUR 20 ml bonds on August 18th
Bank of Albania will put in auction EUR 20 ml bonds with 2 years maturity on August 18th on the account of the Ministry of Finances, says a public statement by the Bank. The auction comes as another …
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Bank of Albania appeal to private banks to reduce nonperforming loans
It seems that Bank of Albania is celebrating its fruitful measures taken during the past year on reducing nonperforming loans and clearing the balances of second tier banks. According to official …
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Banks increased their profits by 53% in 2015
Second tier banks in Albania increased their profits by 53% in the first semiannual of this year, according to Bank of Albania statistics published lately. Statistics say banks’ profits reached the …
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Vice Minister of Finances: No changes in the taxation scheme
After rumors spread in the media for a possible new taxation scheme by the government which would set an income tax for minimum wages, these claims disproved by the Ministry of Finances. In a press …
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Bank of Albania: Inflation to increase to 3% within two years
As announced in latest reports by the Bank of Albania, the inflation rate still remains at 2% but the Central Bank aims to increase it up to 3% within the two upcoming years. In its Annual Supervisory …
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Spitalla free economic zone to focus in technology development
Spitalle area has been official declared as a “free economic zone”, defined in the Official Bulletin as “a zone of technology and economic development”. The law on free economic zones has already been …
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Governor Sejko: The economy will increase gradually this year
Bank of Albania Governor Gent Sejko declared in a press conference that the economy will grow during 2015, despite the side effects of the Greek crisis. “Bank of Albania foresees an economic growth …
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