Tag: Albania’s economy

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European Commission: Albania’s Economy Lacks in Technology and Innovation
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European Commission: Albania’s Economy Lacks in Technology and Innovation

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...

IMF: Economic Growth Will be Slowed Down
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IMF: Economic Growth Will be Slowed Down

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...

INSTAT: Exports grow by 12.9 percent
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INSTAT: Exports grow by 12.9 percent

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...

Touristic Albania, young people passionate about history
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Touristic Albania, young people passionate about history

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...

INSTAT: Energy, record of exports
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INSTAT: Energy, record of exports

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...

The Vienna Institute for International Economic Studies: Albania, positive growth indicator
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The Vienna Institute for International Economic Studies: Albania, positive growth indicator

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...

Minister of Economy: Progress – Report for Albania is positive
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Minister of Economy: Progress – Report for Albania is positive

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...

World Bank: Economic growth accelerated during 2015 in Albania
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World Bank: Economic growth accelerated during 2015 in Albania

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...