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Retirement pensions rise by 2%
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Retirement pensions rise by 2%

The Council of Ministers has increased the retirement pensions of 606.000 citizens with 2%, while the inflation is calculated at about 1.6%. The Minister of Social Welfare declared that their goal is to reflect the pension growth each year. “606,000 citizens will benefit from the pension increase. There will be constantly an increase of the...

Economic growth up to 1.65% in the first three months
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Economic growth up to 1.65% in the first three months

Albanian economy has increased to 1.65% during the first three months of this year, compared to the same period of a year before. Albanian Institute of Statistics has declared that this percentage has come as a result of the influence of key sectors such as agriculture, Albanian post service, communication and other services. Gjergj Filipi,...

Fishing industry, a lucrative business in Albania
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Fishing industry, a lucrative business in Albania

Fishing industry in Albania is being considered as an important key sector to benefit from and to invest in, since Albania is rich in many lakes and rivers, and has a long coastline in the Mediterranian Sea. Regarding to this new business perspective for Albanians Minister of Economic Development, Trade and Entrepreneurship Arben Ahmetaj and...

New Slovenian flights to boost Albania’s accessibility as tourism thrives 
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New Slovenian flights to boost Albania’s accessibility as tourism thrives 

Slovenian national carrier, Adria Airways, recently announced plans to expand its flight plan with the addition of new routes in 2015 that will connect the capital of Tirana with the popular, and populous, north European capital cities of Paris and Brussels.The announcement comes as part of the company’s wider strategy to continue the expansion of routes to and...

Reduce of VAT for businesses that export over 50% of their products
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Reduce of VAT for businesses that export over 50% of their products

Minister of Agriculture, Edmond Panariti announced new rules according to which all businesses that export over 50% of their products, will be able to purchase without VAT, in the same way as a year before. During the presentation of the fiscal and customs system in a meeting with business representatives, he stated that this package...

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,...