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Coastal and Tirana Properties Are Getting Harder to Sell
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Coastal and Tirana Properties Are Getting Harder to Sell

TIRANA, October 14 Properties got harder to sell during 2019. The data was confirmed by a survey conducted by the Bank of Albania (BoA) with residential and commercial contractors and real estate brokers. According to the respondents in Tirana, the average time to sell a property in the capital city during the first half of...

BoA Keeps Key Rate Unchanged at 1%
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BoA Keeps Key Rate Unchanged at 1%

TIRANA, October 3 The Supervisory Council at the Bank of Albania (BoA) decided to keep the key rate unchanged at 1 percent despite the low consumer price index rate and slow economic growth. BoA’s governor Gent Sejko said in a press conference following Wednesday’s meeting of the Supervisory Council that a Key Rate cut can...

BA Presents New Series of Banknotes
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BA Presents New Series of Banknotes

TIRANA, 13 September  Bank of Albania has presented the new and improved series of Albanian banknotes with the legal course. The new series of Lek cash includes 6 banknotes: Lek200, 500, 1000, 5000 and 10000. This new series will be released in circulation gradually during the next 2 to 3 years. However, the Lek200 and...

How Much did Foreigners Spend in Albania in Jan-Jun 2019?
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How Much did Foreigners Spend in Albania in Jan-Jun 2019?

TIRANA, 12 September The foreign tourists visiting Albania are spending more money each year. According to data by the Bank of Albania, during the first 6 months of 2019, the costs of foreigners in Albania, reached a record value of €854 million, with an increase of 8.8% compared to the same period of last year....

Remittances Increased During Q2, 2019
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Remittances Increased During Q2, 2019

TIRANA, 11 September The contribution of emigration in the Albanian economy is increasing even during this year. According to Bank of Albania, during the Q2 of 2019, the remittances reached a value of €186 million, an increase of €4 million compared to a year ago. In the second half of this year, the value of...

New Milestone in Visitors’ Arrivals on Jan-Jul 2019
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New Milestone in Visitors’ Arrivals on Jan-Jul 2019

TIRANA, August 27 The Institute of Statistics has published on Friday, 23 August 2019, the report titled ‘The movements of citizens, July 2019’ and according to the publication, 3.313.762 citizens have entered in Albania, during the period January-July 2019, increasing by 12.4% compared to the same period of last year. July 2019 During July 2019,...

This Sector Employed More People in Q2, 2019
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This Sector Employed More People in Q2, 2019

TIRANA, August 26 The average monthly gross salary has continued to rise in the second trimester of 2019. According to the Bank of Albania, the annual growth of the indicator in nominal terms was 4.9%, after the increase of 3.4%, in the Q1. Meanwhile, the monthly average salary was increased by 3.3%, from 1.5% that...

Loans for SME Up by 9% in Q2 of 2019
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Loans for SME Up by 9% in Q2 of 2019

TIRANA, August 19 The rise of the loans for the business is based mainly in the sector of small to medium enterprises. According to data by the Bank of Albania, the credit in this segment was increased by Lek4.5 billion, during the second half of 2019. Excluding the effect of the deleted credits and currency...

Housing Loan Trend to Watch For in 2019
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Housing Loan Trend to Watch For in 2019

TIRANA, August 14 The individuals have received around €100 million credits for their houses in the first half of 2019. According to data by the Bank of Albania, housing loan is in increase even this year. Between January-June 2019, the banking system has given Lek12.3 billion new credits for this purpose. Compared to the first...