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Albania’s Economy May Shrink 7.5% in 2020, IMF Says
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Albania’s Economy May Shrink 7.5% in 2020, IMF Says

TIRANA, September 29 The International Monetary Fund (IMF) projected a 7.5 percent decline of the Albanian economy in 2020. This and other findings were published on the IMF’s Statement of the first post-program monitoring Mission. According to the statements, the coronavirus impact on the economy, which depends on tourism and remittances, and the earthquake of...

Minister of Finance: Albania’s economy to grow by 3.4% in 2016
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Minister of Finance: Albania’s economy to grow by 3.4% in 2016

Tirana, Albania 20 April 2016 According to the Albanian Minister of Finance, Arben Ahmetaj, the World Bank considers foreign and domestic investments in Albania as the most important source of country’s economic growth. He said that Albania’s economy will grow by 3.4% during 2016, 0.5% higher than the average economic growth of regional countries. According...

Economy to grow in the two next years
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Economy to grow in the two next years

Tirana, December 17, 2015 The Albanian economy will experience a progressive economic growth within the two upcoming years, according to a report published by Bank of Albania. The report says that the expected economic growth will equilibrate the economy and inflation and will make able the reach of objectives related to these aspects, within a...

Researchers from Harvard conclude their program in Albania
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Researchers from Harvard conclude their program in Albania

On June 30th the Ministry of Economy organized a closing conference in the framework of the Harvard International Center for Development’s summer program finalization. The program allowed a group of your researchers in the economy field to engage in researching projects and analysis for several sectors of Albania’s economy, especially in exports sector. This year’s...

Governor Sejko: Banks in Albania cannot transfer money to Greece
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Governor Sejko: Banks in Albania cannot transfer money to Greece

According to a statement of Bank of Albania’s Governor Gent Sejko, private banks in the country are now allowed to transfer their capital to Greek banks as a protective measure undertaken by the Bank. The Bank of Albania has announced several preventive measures in relation to the deep economic crisis of Greece and their possible...

IMF completes the 4th review under Extended Fund Facility arrangement for Albania
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IMF completes the 4th review under Extended Fund Facility arrangement for Albania

On May 14th, the IMF Executive Board completed the fourth review under Extended Fund Facility arrangement for Albania by approving a fund of EUR 35.9 ml. The IMF officials finalized the review of the Albania’s economy performance, according to the IMF’s official press release, resulting that all the performance criteria were completed. “The economic revival...

The IMF: Albania is less threatened by a possible worsening of the Greek crisis
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The IMF: Albania is less threatened by a possible worsening of the Greek crisis

The latest financial regional report for the Southeast, Central and East Europe published by the International Monetary Fund, CESEE presents an analysis of the influence that a possible escalation of the Greek crisis may have in the economies of Greek neighboring countries. The report shows that some Balkan countries may be affected by the worsening...

Introducing Albania – investing in the land of the eagle
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Introducing Albania – investing in the land of the eagle

This is not an original article of invest-in-albania.org. The article first published at Invezz. To read the original article, click here.  Albania is a fascinating country with a rich history and unique culture. It is also one of Europe’s most interesting and little-known investment destinations with its property market in particular offering some excellent deals....

Albania signs joint memorandum with Austria for competition laws and policies
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Albania signs joint memorandum with Austria for competition laws and policies

The Albanian Authority of Competition and Austrian Federal Authority of Competition signed a joint memorandum to enhance collaboration between the two institutions. The settlement predicts a further cooperation in the compilation of competition policies and in the implementation of the competition laws. This memorandum aims to create the favorable conditions to take into another level...