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...
Albania’s economy is expected to increase by 3.5% for the three upcoming years, according to the World Bank’s latest report on Albania. For 2015, the WB predicts an economic increase by only 3%, while for the next two years it foresees an increase by 3.5% of the Albanian economy. The World Bank suggests to the...
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...
The Minister of Economic Development, Trade, Tourism and Entrepreneurship Arben Ahmetaj held a press conference on May 15th to announce the controls that will be undertaken in the hydrocarbons sector. “The hydrocarbons market will undergo inspections starting from the production of the oil to the consumer,” declared Ahmetaj. The action for the identification and the...