More than $5 ml fund, part of Employement Promotion Fund, will be distributed only for garment industry businesses. Minister of Social Welfare and Youth Erion Veliaj, announced this new incentive …
PM Edi Rama: Albanian economy is giving positive signals
Albanian economy is giving positive signals while the investments continue to grow.This was the starting sentence of Prime Ministers’ Edi Rama speech regarding the latest developments of country’s …
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BoA’s package of measures shows its effects in banks system
Last year, Bank of Albania adopted a package of measures for the encouragement of lending that in essence aims to increase the financing of country’s economy and to restrict the bank’s investments …
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Bank of Albania puts on sale 40 ml EUR 2 year fixed bonds
Bank of Albania has put on sale 40 ml EUR 2 year fixed bonds, after recently selling 3.5 bl ALL two year fixed bonds with a fixed interest rate on behalf of Ministry of Finances. Based on the results …
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Euro remains strong against the Albanian Lek currency
Euro rates still remain stable in the currency market compared to Albanian Lek, even with the coming of emigrants and foreign tourists during this summer season. Euro strengthened considerably against …
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Businesses require the cut of VAT
Tirana Chamber of Commerce and Industry has announced the compilation of a fiscal package which will be presented to Ministry of Finances with the purpose of reviewing the 2015 budget by the …
New businesses opened in Kukes city
National Registration Center has published new data regarding the opening of new businesses during the first months of this year. More than 50 new enterprices established in Kukes city, have been …
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VAT tax of 10% for the usage of state owned land banks and facilities
New amendments to VAT law on state owned land and facilities anticipate that the tax collected for the usage of state owned lands will be considered as a national tax. Individuals who are using …
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Deposits of businesses increase by 5.4%
Albanian Association of Banks expressed concerns about the increase of deposits of businesses, which means lack of investments and insecurity. According to the latest declaration by this association, …
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Intensive controls on permits in the mining sector
Ministry of Energy and Industry has announced the cancellation of 150 permits for businesses that operate in the mining sector and about 85 other businesses have been fined with administrative …
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