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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,...

Ekathimerini Greek newspaper on Albanian tourism
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Ekathimerini Greek newspaper on Albanian tourism

This is not an original article of invest-in-albania.org. You may read the original one by clicking here.   Greek newspaper Ekathimerini published the following article about the attractiveness of  Albanian Riviera. “On the outskirts of the archaeological site of Butrint, a few kilometers from Saranda, a group of tourists from Western Europe followed their guides. The Dutch Bregi...

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...

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...

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...

Foreign Policy: Albania has improved its ability to attract foreign investments
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Foreign Policy: Albania has improved its ability to attract foreign investments

The ability of Albania to attract foreign investments has improved, referring to the latest publication of Foreign Policy, “Baseline Profitability Index”, titled “Where to invest in the world?”. As you can see in the photo, Albania is ranked the 53rd among 112 places of the list, near Sweden and Netherlands and above regional countries such as...

$20 ml investment project in Bulqiza mining started
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$20 ml investment project in Bulqiza mining started

AlbChrome company started its project in the deepening of the pit number 9, in the chrome mining of Bulqiza, an investment of 20 million dollars. This investment will make possible the utilization of 2.126 800 chrome geological reserves. The beginning of this investment for the deepening of pit number 9, also called one of the...

Albanian textile exports have increased, Poland the new destination
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Albanian textile exports have increased, Poland the new destination

Albanian textile exports are flourishing since it is noticed an increase in exports during the first month of this year. According to the official data published by INSTAT (Albanian Institute of Statistics), textile exports and their products, increased by 29percent on an annual basis in the January-April period during 2014, compared to the same period...