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IC Survey Shows COVID-19 Impact on Albanian Businesses
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IC Survey Shows COVID-19 Impact on Albanian Businesses

TIRANA, June 12 Companies in Albania consider replacing import goods will domestic sourced products as a response measure to post-COVID-19 recovery a recent survey by Albania Investment Council suggests. This is one of the insights of the ‘Impact of the coronavirus pandemic on the business in Albania’ conducted by the Investment Council during the period...

Lending to businesses decreased in January 2016
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Lending to businesses decreased in January 2016

Tirane, Albania 15 March, 2016 Statistics published by the Bank of Albania show that lending to businesses decreased by 4.9% in January of this year, compared to the same period in 2015. According to the bank, the total amount of lending to businesses during January 2016 reached ALL 385 billion. The lending amount decreased for...

2 Albania-based companies included in ‘Top 100 companies in SEE’
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2 Albania-based companies included in ‘Top 100 companies in SEE’

Tirane, Albania / February 26, 2016 Kastrati Sh.A Albanian company and Bankers Petroleum Canadian company have been included in the list of Top 100 biggest companies in Southeast Europe for 2014. Kastrati sh.a, an oil and gas distributing company has been ranked as the 81st biggest company out of 100 while Bankers Petroleum (a Canadian...

Albania urges Italy to cut transportation tax for Albanian businesses
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Albania urges Italy to cut transportation tax for Albanian businesses

Tirana, November 26, 2015 During an official meeting in Italy, the Albanian Assembly Speaker Ilir Meta held a meeting with the head of the Italian Chamber of Deputies Laura Boldrini and discussed about the economic collaboration between the two countries. The meeting was focused on increasing the trade exchanges between Albania and Italy and Italian investments...

Albania will pay $1.7 ml to improve the business climate
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Albania will pay $1.7 ml to improve the business climate

Rules for doing business in Albania are about to change due to an incentive by the government to improve the legislation framework in this regard, according to official sources. The government has asked to be assisted in this process by the International Financial Corporate, a financial body of the World Bank. Albania will pay $...

INSTAT: 80% of the gross external debt is a long term debt
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INSTAT: 80% of the gross external debt is a long term debt

Albania’s gross external debt at the end of 2014 reached EUR 6.6 billion, according to the latest report published by the Institute of Statistics. “Albania in figures, 2014” report shows that the biggest borrower of this debt is the government which is followed by subjects in the bank system. The report shows that the biggest amount...

Revenues from the excise tax increased in the first two months of 2015
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Revenues from the excise tax increased in the first two months of 2015

Although the import of merchandise that should pay the excise tax, such as oil, revenues collected by the excise tax have increased. The increase of the excise’s level during the first months of this year has shown its positive effects in the increase of revenues allocated to the state budget by this tax. The fiscal...

Albanian businesses to be promoted in the international market by state institutions
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Albanian businesses to be promoted in the international market by state institutions

In the framework of Albania’s promotion in all its potential aspects, the Ministry of European Integration and the Tirana Chamber of Commerce and Industry have signed on Tuesday an agreement of cooperation, aiming to promote and support the Albanian businesses. The head of Tirana Chamber of Commerce and Industry Nikolin Jaka declared that this agreement...