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BA: Trust of Businesses Increased by 2.8% in the Q2 of 2019
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BA: Trust of Businesses Increased by 2.8% in the Q2 of 2019

TIRANA, July 9 Tourism is one of the sectors of the economy that is generating more income each year, with all its services (hotels, restaurants, resorts, etc.), thus increasing the trust of businesses and consumers.  Bank of Albania has published yesterday, June 8 the indicators of trust in the economy, where it shows that the...

New Series of Banknotes in Release This Fall
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New Series of Banknotes in Release This Fall

TIRANA, July 3 In the fall of this year, the Bank of Albania will release in circulation the new series of banknotes, and the first ones will be for the cuts of 200 and 5.000 Leke (the Albanian currency). Gradually the new series will include all of the banknotes in use. Virjon Lalollari, the Chief...

Banks Gave More Credit to Businesses Than a Year Before
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Banks Gave More Credit to Businesses Than a Year Before

TIRANA, July 2 The credit for the economy was increased with a value of €80 million, in annual terms, registering after many years positive figures.  The official data from the Bank of Albania, show that in May 2019, the stock of credit that the banks gave for the businesses and individuals, reached a value of...

Who Were the Largest Foreign Investors in Albania in Q1?
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Who Were the Largest Foreign Investors in Albania in Q1?

TIRANA, June 25 The Netherlands was confirmed as the largest foreign investor in Albania during the first quarter (Q1) of 2019. The data on the Foreign Direct Investment (FDI) unveiled on Tuesday by the Bank of Albania (BoA) confirm that FDI stood at €77 million. This was 11.4 percent less compared to the same period...

Remittances Generated €1.25 Billion Income for the Economy
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Remittances Generated €1.25 Billion Income for the Economy

TIRANA, June 19 Last year, in 2018 the Albanian economy has earned remittances worth €1.25 billion, says the Bank of Albania on its latest report posted on Monday, June 17. Here are included the money transfer from emigrants to their families in Albania, but as well the income of the residents of Albania from their...

Apparel and Footwear Manufacturing Industry Thriving in Exports
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Apparel and Footwear Manufacturing Industry Thriving in Exports

TIRANA, June 17 The apparel and footwear manufacturing industry have brought €123 million to the economy, in the first trimester of 2019. According to data from the Bank of Albania, the income from the services of the processing of goods, that came from abroad, were 15% higher compared to a year ago. The apparel and...

Albania’s FDI Levels Up in Q1, but Job Creation Lags
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Albania’s FDI Levels Up in Q1, but Job Creation Lags

TIRANA, June 11 The Foreign Direct Investment (FDI) in Albania rose to €285 mln in the first quarter (Q1) of 2019 or 1.6 percent more compared to Q1 2018. The data were confirmed by the Bank of Albania (BoA) on its recent Balance of Payments report. The data show that foreign companies continued expanding their...

BoA: Albanians Pessimistic about Economy in Q4, 2018
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BoA: Albanians Pessimistic about Economy in Q4, 2018

TIRANA, January 8 The public perception of the economic conditions worsened for the third quarter in a row. The Bank of Albania (BoA) reported a 1.2 point decline in the economic performance index during the four quarter (Q4) of 2018. This index helps to measure the assessment of businesses and consumers on the economic conditions....

How to Exchange Damaged Banknotes in Albania?
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How to Exchange Damaged Banknotes in Albania?

TIRANA, December 26 It has happened to each of us at least once to get stuck with damaged, soiled, or torn banknotes that no one accepts. Instead of hoping that you can pass it to someone else without being noticed, you can do this. The Bank of Albania (BoA) defines the procedure for exchanging damaged...