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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...

Confindustria upholds VAT cut for machinery and equipment
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Confindustria upholds VAT cut for machinery and equipment

Industry representatives in Albania have upholded the decision of the Parliamentary Committee of Economy for the cut of VAT for machineries and equipments, a decision taken based on the draft projects presented by Ministry of Finances. According to Confindustria, the placement of VAT for machineries that are used in the production process, would be a...

INSTAT: Number of businesses increased even during the economic crisis
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INSTAT: Number of businesses increased even during the economic crisis

The Albanian Institute of Statistics published recently a report on the number of newly established businesses since 2008, the year when the Albanian economy entered in crisis. According to the report, there are about 111,000 active businesses operating in Albania, most of them established after the economic crisis started affecting the Albanian economy back in...

Albania Solves Disputes with CEZ Company
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Albania Solves Disputes with CEZ Company

The Albanian government ended the disput with the Czech state-owned company, CEZ, after signing a settlement agreement.  In May 2013, referring to the Energy Charter Treaty, CEZ announced an international arbitration dispute with Albania. The disagreement between the Albanian government and CEZ started back in 2013 after the citizens’ claims for mismanagement of CEZ Shperndarje...