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EU Optimistic on Albania’s Economic Growth Forecast
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EU Optimistic on Albania’s Economic Growth Forecast

TIRANA, November 10 The European Union (EU) says that the Albanian economy is enjoying a positive momentum even when compared to the economies of the other EU candidate countries according to the European Economic Forecast Autumn report published on Thursday. According to the latest economic forecast, Albania’s economy will grow 4percent in 2017. The report...

Albania Among Top-5 Best Budget Destinations for November 2017 in Europe
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Albania Among Top-5 Best Budget Destinations for November 2017 in Europe

TIRANA, November 7 TripAdvisor brings a list of the 15 cheapest destinations in Europe for those that are looking for a budget holiday before the end of year festivities. The list includes 15 destinations where the average accommodation price for a facility with two bedrooms during the month of November is lower than Euro 80. Photo...

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...

Balkan Barometer 2017, Albania Neither Good Nor Bad
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Balkan Barometer 2017, Albania Neither Good Nor Bad

TIRANA, October 10 Albania has neither the best nor the worst performance among the Balkan countries regarding the Public Sentiment Index (BPSI). Yet it is the only country that made no improvement. This was stated in the Balkan Barometer 2017 by the Regional Cooperation Council (RCC). The Balkan Barometer is an annual public opinion survey...

Albanian Agriculture Has the Lowest Budgetary Expenditures in the Region
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Albanian Agriculture Has the Lowest Budgetary Expenditures in the Region

TIRANA, September 21 Albania’s agriculture sector is currently contributing 20percent to the country’s Gross Domestic Product (GDP) and about 44percent of the labor force in Albania works in this sector. Despite the above-mentioned, the country receives the lowest support from the state budget compared to the other countries of the region, Monitor magazine says. This...

Western Balkans Draft Joint Plan on Foreign Investments
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Western Balkans Draft Joint Plan on Foreign Investments

TIRANA, September 7 Albania and the five other countries of the Western Balkans, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia have completed the draft on investment cooperation. This is an initiative launched in the frame of the joint plan on regional integration. According to the Regional Cooperation Council, the investment draft includes: A specified...

Where do Most of Albania’s Tourists Come from?
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Where do Most of Albania’s Tourists Come from?

TIRANA, June 20 Albania is being promoted by international media as the next best tourist destination. All the articles and posts about Albania besides the tourism potential also highlights the quality-price ratio. Official data from the Institute of Statistics (INSTAT) confirmed that the number of tourists from the European and worldwide target market has increased....

Albania’s GDP per Capita Lowest in Europe, Eurostat Says
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Albania’s GDP per Capita Lowest in Europe, Eurostat Says

TIRANA, June 14 The low levels of economic indicators per capita and the material welfare of households make Albania one of the poorest economies in Europe. Eurostat figures released on Tuesday concerning the level of Gross Domestic Product (GDP) and actual individual consumption (AIC) confirmed that Albania ranks last in the list of 37 European...

FDI Increased in Albania, UNCTAD Report Confirms
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FDI Increased in Albania, UNCTAD Report Confirms

TIRANA, June 9 Albania is one of the main protagonists in the Balkans regarding the flow for Foreign Direct Investments (FDIs). This was confirmed by the United Nations Conference on Trade and Development (UNCTAD) in the World Investment Report 2017. According to the report, even though FDI in South-East Europe declined slightly to 4.6billion dollars,...

International Tourist Arrivals Up 13.4% in January-April 2017
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International Tourist Arrivals Up 13.4% in January-April 2017

TIRANA, May 22 Tourist influx increased by 13.4 percent during the first four months of 2017. The Institute of Statistics (INSTAT) confirmed in a recent report that the number of international citizens coming to Albania during January-April period reached 961,000. Meanwhile, the figure for the same period of the previous year was 848,000 arrivals. According...