The General Directory of Customs has announced the penalization of 130 gas stations in country, whose fuel was mixed with other products. The decision came after the control of 1250 retail fuel points …
Bank of Albania: Exports will play an importan role in the economic growth
An official announcement by the Bank of Albania declared that the increase of the Albanian economy by 2% during 2015, as predicted by the government, will be influenced by many external factors. The …
Continue Reading about Bank of Albania: Exports will play an importan role in the economic growth →
INSTAT: Exports and imports of equipments and machinery increased in October
Albanian Institute of Statistics (INSTAT) published the latest report on exports and imports performance during October. Exports have increased by 4.2% during October, a significant increase compared …
Minimum wage level will increase in 2015
Minister of Social Welfare and Youth, Erion Veliaj attended the 5th Congress of the Albanian Confederate of Syndications on December 1st and spoke about several labor issues in country. At a press …
Continue Reading about Minimum wage level will increase in 2015 →
Electrical energy companies oppose the new price scheme
Investors and producers of the electrical energy sector in Albania have opposed the government’s decision regarding the new energy price. Representatives of AREA association (Albanian Renewable Energy …
Continue Reading about Electrical energy companies oppose the new price scheme →
Second tier banks should increase lending
The increase of outstanding loans has pulled back second tier banks from giving loans to the businesses or individuals. This has been noticed in recent years after the economic crisis of 2008 which …
Continue Reading about Second tier banks should increase lending →
Second tier banks will assist in the payment of 60 ml euro outstanding debts to energy producers
The Albanian government in collaboration with second tier banks will pay the outstanding debts of 60 million euro to private energy companies. The new initiative was announced during the parliamentary …
Albanian farmers will be fined in cases they let agricultural lands barren
The Minister of Agriculture has announced that new coercive measures will be taken to farmers who do not put in use their agricultural lands. In the first years, farmers will be fined and their lands …
Continue Reading about Albanian farmers will be fined in cases they let agricultural lands barren →
Companies who fail to declare their incomes at the tax administration, will be penalized
Foreign companies’ branches in Albania will be subject to a tax audit for every money transaction made between company branches in Albania and their parent company in another state. Their control has …
Bank of Albania decrease the basic interest rate at its lowest level, 2.25%
The Supervisory Board of Bank of Albania reviewed and approved the Monetary Policy Monthly Report during the meeting of the board members on November 26th. The members also decided to decrease the …
Continue Reading about Bank of Albania decrease the basic interest rate at its lowest level, 2.25% →