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What Does Albania Import from China?
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What Does Albania Import from China?

TIRANA, March 6 How important are imports from China to the Albanian economy? Official data show that imports from China in 2019 increased by 11 percent while the Asian country ranked third in the list of Albania’s top trade partners after Italy and Greece. Now, as coronavirus is spreading small, medium and even large business...

Exports Go Down, Imports Go Up, Trade Deficit Widens
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Exports Go Down, Imports Go Up, Trade Deficit Widens

TIRANA, October 21 The Albanian Institute of Statistics (INSTAT) reported a 5.5 percent drop in export during September 2019 compared to the same month of 2018. Meanwhile, the same stats confirm a 2.8 percent drop in export during the first nine months of 2019. The negative reading was affected by two important categories respectively Textile...

There’s a Puppet Festival for All Ages Happening in Tirana 
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There’s a Puppet Festival for All Ages Happening in Tirana 

TIRANA, May 28 The Albanian capital is turning into a cultural hub for the region and beyond. For six days Tirana will host the International Puppet Theatre Festival Albania. This festival will showcase original performances by puppet theatres from all over the world. (Find the program below) Theatres and companies from China, Turkey, Spain, Romania,...

Albania to Lift Visa Regime for Nine Countries during Tourist Season
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Albania to Lift Visa Regime for Nine Countries during Tourist Season

TIRANA, March 23 Albania will lift visa regime for citizens of nine countries during the tourist season 2018. Based on a decision adopted by the Albanian Council of Ministers during its last meeting, the citizens of Russia, Saudi Arabia, Belarus, Georgia, Qatar, Oman, Thailand, China, and Bahrain can travel visa-free to Albania from April 1...

Exports to China Up during Jan-Nov 2017
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Exports to China Up during Jan-Nov 2017

TIRANA, January 5 Exports to China marked a significant increase during January-November 2017 compared to the same period of 2016. According to the official data provided by the Institute of Statistics (INSTAT) the value of commodities exported to China was Lek eight billion, while the value of commodities exported during the same period of 2016...

Cargo Volumes Handled by Durres Port on the Rise
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Cargo Volumes Handled by Durres Port on the Rise

TIRANA, October 24 Maritime trade exchange through Durres Port, the largest in Albania, increased during the first nine months of 2017.Maritime trade volume increased especially with Italy, Russia, and Turkey. More than 2.1 million tons of good were traded from Durres port to more than 63 different seaports in the Mediterranean region, in the United...

Albania Increases Exports to China and Kosovo, Reduces Imports from Italy
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Albania Increases Exports to China and Kosovo, Reduces Imports from Italy

TIRANA, December 28 Albania is achieving considerable percent increase in balance sheets regarding international trade with the region’s countries and non-European countries as well. Based on the data on external trade provided by the Institute of Statistics (INSTAT), Albania increased exports, especially with China. “In November 2016, the countries with which Albania has had the...

Chinese Investments to Increase in Albania
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Chinese Investments to Increase in Albania

TIRANA, October 20 The representatives of Geo-Jade Petroleum Corporation, which recently acquired all the shares of Bankers Petroleum in Albania, and Ambassador of China to Tirana Jiang Yu held an official visit on Thursday in the city of Fier with Mayor Armando Subashi. Ambassador Yu was optimistic for the newest step made by the Chinese...

Second-Tier Banks to Set Payment System for Yuan Currency
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Second-Tier Banks to Set Payment System for Yuan Currency

TIRANA, September 27 As China’s Yuan gained a new status as a member of the International Monetary Fund’s Special Drawing Rights (SDR) basket, second-tier banks in Albania are considering all the opportunities for establishing the necessary infrastructure for payments in this currency. This would help Albanian businesses that do trade exchanges with China. Currently, China...