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Albania and Kosovo Last in Europe in Terms of GDP per Capita
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Albania and Kosovo Last in Europe in Terms of GDP per Capita

TIRANA, October 25 With a current GDP per capita of $5,260 Albania ranks last among the European countries, excluding the former Soviet republics, the World Economic Outlook, October 2018 report by the International Monetary Fund (IMF) says. Albania jumped four places compared to the previous year as it ranks 102nd in a list of 191...

New Road Connects Albania and Kosovo in Borje
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New Road Connects Albania and Kosovo in Borje

TIRANA, September 18 A newly constructed road that connects the villages of Borje in Kuksi and Gllabocica in Kosovo will help to improve connectivity for the people living in the remote area, the Albanian Development Fund (ADF) confirmed. The road also will help to improve the quality of life and revitalize the rural economy in...

Where do Albania’s Most Visitors Come From?
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Where do Albania’s Most Visitors Come From?

TIRANA, May 24 Tourists from all over the world are visiting Albania, but the official data from the Institute of Statistics (INSTAT) for January – April 2018 confirm a higher number of visitor from Poland compared to other countries. “Poland ranked first among the countries with the highest number of citizens traveling to Albania in...

New Scenic Road that Connects Albania and Kosovo Inaugurated
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New Scenic Road that Connects Albania and Kosovo Inaugurated

TIRANA, May 23 Fans of scenic drives can now reach the city of Prizren from Kuksi through a different way as a 3.5km road connecting Krushevo in Kosovo to Shishtavec in Albania was inaugurated on Tuesday. Highways are the best option for the fans of speed and for those that want to reach their destination...

What Factors Hinder FDI Inflows to Albania?
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What Factors Hinder FDI Inflows to Albania?

TIRANA, May 3 The legal system and property issues continue to affect the stock of Foreign Direct Investment (FDI) to Albania. This was confirmed by the recent index on Competitiveness in South Eastern Europe (SEE) by the Organization for Economic Co-operation and Development (OECD). According to the index, the level of Foreign Direct Investment inflow...

Albania and Kosovo Work on Cross-Border Tourism Hiking Project
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Albania and Kosovo Work on Cross-Border Tourism Hiking Project

TIRANA, April 20 Albania and Kosovo started cooperation on the revival of mountain hiking trails and in the extension of Via Dinarica trail. The Albanian Development Fund and the Community Development Fund in Kosovo started the implementation of the project that is financed by IPA Cross-Border cooperation program Albania-Kosovo. Via Dinarica Trail is one of...

Foreign Visitors to Albania Hit Record High in 2017
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Foreign Visitors to Albania Hit Record High in 2017

TIRANA, January 24 The number of international arrivals in Albania increased 8.1 percent year-over-year to 5.1 million in December 2017, the Albanian Institute of Statistics (INSTAT) reported on Tuesday. Almost half of the visitors traveled to Albania for tourism and leisure purposes. Tourists came mostly from Kosovo. Even though over 1.7 million Kosovan citizens visited...

Albanian and Kosovan Producers Seek Economic Unification
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Albanian and Kosovan Producers Seek Economic Unification

TIRANA, January 12 Albanian, Kosovan, and Macedonian producers call for concrete steps by the respective governments regarding economic unification. Even though the countries of the region are looking forward to a Western Balkans common market, economic barriers are still present in the region. Countries like Albania, Kosovo, and Macedonia need to take measures in order...

Albania Slipped 7 Places in WB’s Ease of Doing Business Index 2018
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Albania Slipped 7 Places in WB’s Ease of Doing Business Index 2018

TIRANA, November 1 Albania slipped seven places on the World Bank’s ease of Doing Business Index and now ranks 65th among 190 economies. This index is one of the most important documents that provides foreign investors with indicators and objective measures about 190 economies. Albania in 2017 index ranked 58th and it made a historic...