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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...

Strong Growth in Albania’s Footwear and Garment Industry
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Strong Growth in Albania’s Footwear and Garment Industry

TIRANA, December 22 Albania’s footwear and garment sector has benefited from customs and trade facilitations. Therefore, the sector marked a significant increase during 2016. Euro 1 contracts, VAT refund within 30 days and the fact that these are risk-free investments had an impact on the positive situation of footwear and garment industry. According to official...

Lower Tax Rates on Processing Industry Coming in 2017
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Lower Tax Rates on Processing Industry Coming in 2017

TIRANA, November 7 The tax rate for the domestic processing industry in Albania will be reduced in 2017. According to the government, this will help the sector to expand as well as the benefits that it provides for the economy and employment. Thus the tax on metallic minerals that are processed in Albania will be...

Italy Reconfirmed Albania’s Largest Trade Partner
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Italy Reconfirmed Albania’s Largest Trade Partner

TIRANA, August 2 Italy remains Albania’s main foreign trade partner as it m 39.8 percent of the total volume of trade. This was confirmed by the report on foreign trade for June 2016 issued by the Institute of Statistics (INSTAT). According to the report, exports toward Italy increased by 28.5 percent compared to June 2015...

Albanian Exporters Interested in Entering Czech Market
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Albanian Exporters Interested in Entering Czech Market

TIRANA, July 26 Albanian companies and exporters have expressed their interest in entering the Czech market. Therefore, more support through the Czech banking system was asked for those exporters by Albanian Minister of Agriculture Edmond Panariti. An Albanian delegation of experts from the Ministry of Agriculture led by Minister Panariti held an official visit to...