TIRANA, August 5 According to the latest classification by the World Bank regarding the Gross Domestic Product (GDP) for the year 2018, Albania is ranked the 122nd biggest economy in the world, out of 183 economies analyzed. The GDP of Albania is estimated in the size of $15.05 billion during last year, according to the...
TIRANA, July 19 “Albania has made some progress in terms of energy, transport and digital infrastructure development, but lack of productive know-how, low education levels and technology transfers hinder Albania’s competitiveness and integration into international value chains”. That is what the European Commission says about Albania’s economy on its latest report, published on Thursday, July...
TIRANA, July 4 The International Monetary Fund (IMF) has made public the second report of the program of post-monitoring for Albania, where it clarifies that the economy is able to pay the dues to the Fund as a result of the macro-economic stability, and the progress in reforms. Regarding the economic growth, IMF says that...
TIRANA, August 18 Albanian companies exported 158 billion ALL of the goods in January-July of this year. According to INSTAT, compared to a year ago, exports expanded by 18 billion ALL, or 12.9 percent. The detailed data shows that the bulk of the growth has come mainly from two items, exports of construction materials and...
TIRANA, August 15 Young people who are passionate about history are among many foreign tourists who have chosen this year to visit Albania. The Castle of Shkodra was the starting point for traveling to the historic monuments of two Dutch youths, Marilyn and Dan. “We are mainly here to learn about Albania’s history. We both haven’t...
TIRANA, March 24 INSTAT announced today that last year energy exports were 1868 GWh in total, which is two times more than in 2015, as a result of favorable hydrological conditions, but also because of the increment of production capacity in recent years. INSTAT reported that domestic energy production last year amounted to 7135 GWh, with...
TIRANA, March 21 The Vienna Institute for International Economic Studies has published the most recent projections for the economies of Central and Eastern Europe. Albania’s economy is projected to an increase of 3.5% during the year, under the projections of their government and under the latest projections of the International Monetary Fund, which show an increase...
Tirana, November 20, 2015 On Friday, the Minister of Economic Development, Trade, Entrepreneurship and Tourism Arben Ahmetaj declared that the progress report issued by the European Commission is positive for the economic growth of the Albanian economy in the upcoming months. According to him, the report praised the improved performance of Albania’s economy and shared...
A report released by the World Bank on the Albanian economy foresees that country’s economy will continue to grow in the three upcoming years. According to the report, Albania’s economy grew rapidly in the first months of 2015 and two mayor factors that have helped the economy to increase are the improved business climate and...
A report of the CIA about Albania says the country’s economy is still exposed to risk due to the deterioration of the economic crisis in Italy and Greece, being that the two countries are Albania’s main trade partners. The economy of the country, according to the report, will suffer from the increase of the external...
