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Package with 40 facilitating measures for farmers in Albania
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Package with 40 facilitating measures for farmers in Albania

A special package with 40 facilitating measures for farmers, has been prepared by the ministry of Agriculture, Rural Development and Administration of Waters in Albania, in an effort to boost domestic production. The new package contains a significant reduction of the tax burden. Farmers will be less tax on saplings,  inputs and their agricultural activity,...

Customs, 7 billion ALL more
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Customs, 7 billion ALL more

The General Directory of Customs reported that for the first six months of the year they have collected 7.9 billion ALL more than compared to the same period of one year ago. Customs say that they have collected 69.29 billion ALL, or 12.9% more than the past year. According to Customs there has been a significant...

Health Insurances to be zeroed within June 2017
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Health Insurances to be zeroed within June 2017

Minister of Health, Ilir Beqja, declared that the Health Insurances will be zeroed within June 2017. According to Beqaj, no one will pay for health insurance after this deadline. “We have decided to go towads the universal coverage, with funds from the general taxation, to make possible that no Albanian citizen will turn poor just because...

Calendar of cultural events during this summer season published
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Calendar of cultural events during this summer season published

Ministry of Culture has published for the first time the calendar of cultural events that will be held during June-October 2014 period. Seeing the strategies compiled by the General Directorate of strategic planning about art and culture, and the collaboration of general directories of culture of several districts, this calendar of tourist season aims to...

Banks profits fivefolded in the first five months of 2014
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Banks profits fivefolded in the first five months of 2014

  According to the Albanian Association of Banks, banks profits have risen fivefold in the past 5 months, compared to the same period of the last year, which estimate the overall gains of banks to be 4.9 billions ALL. Experts of this institution say that these results show that banking system is secure and healthy,...

New procedures for the registration and cancellation of businesses
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New procedures for the registration and cancellation of businesses

Albanian government has predicted amendments to businesses laws in order to improve the procedures of the registration and the cancellation of a business. In the last years, two main issues identified regarding to these procedures are the cancellation of a business and businesses that have elapsed to passive register. According to these changes, when a...

World Bank report: Albania to increase VAT and income taxes
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World Bank report: Albania to increase VAT and income taxes

World Bank and IMF have proposed a new strategy for the management of public finances during 2014-2020 period. According to WB, there are several changes that should be made in order to increase the income taxes for businesses, the enlargement of the basis of VAT, changes in the excise and personal income tax. Based on...

Albanians will have to pay fees for the road maintenance
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Albanians will have to pay fees for the road maintenance

The Albanian government has sent a draft law in parliament which creates the legal basis for giving through concession the maintenance of highways and important national roads through toll payment. The Ministry of Economic Development, as initiator of this draft-law, explains that this measure is urgent due to the inadequate situation in which some roads...

IMF report: Albania’s economy performance has improved
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IMF report: Albania’s economy performance has improved

International Monetary Fund has evaluated the work done by Albania during the latest months in the fulfillments of the criterias set by this institution. After a review of the economic performance of Albaniain the March-June period, they emphasized the progress done by the country related to the structural standarts in force. The finalization of the...