Tag: Ministry of Finance and Economy

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State Budget, Around Lek15 billion Less in 2018
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State Budget, Around Lek15 billion Less in 2018

TIRANA, 17 September Last year, in 2018 the public debt had a value of around €1.1 trillion (€9 billion) or 67.2% of GDP. The Ministry of Finance and Economy, has compiled the draft law on factual budget, with the published data, and has sent it to the parliamentary commissions for discussions, and afterward to be...

EU Okays Draft Law on Corporation of Investments
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EU Okays Draft Law on Corporation of Investments

TIRANA, 16 September European Commission has given its O.K. on the reviewed draft law on Corporation of Investments, calling it thoroughly in accordance with the rules of the European Union. A legal note sent to the Ministry of Foreigners in Albania, by the Head of Unit for Albania and Bosnia and Herzegovina in the Directorate-General...

Government Changes Initial Draft Law on Corporation of Investments
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Government Changes Initial Draft Law on Corporation of Investments

TIRANA, 11 September After the issues raised by the International Monetary Fund (IMF) and the European Commission, the government has changed the draft law on the state corporation of investments withdrawing the initial draft law. The new draft, which was formulated in collaboration between the Parliamentary Commission of Economy and the Ministry of Finance and...

Administration to Introduce Installment Payment Plan
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Administration to Introduce Installment Payment Plan

TIRANA, August 21 Public institutions that have not paid either the social security or health insurance for their employees could enter into agreements make payments by installments. The Ministry of Finance and Economy has made some changes in the instruction ‘For tax procedures in the Republic of Albania’, where it underlines that only the public...

Draft Law Predicts Businesses to Use Electronic Bills by 2021
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Draft Law Predicts Businesses to Use Electronic Bills by 2021

TIRANA, July 25 Starting from 2021, the businesses in Albania will function with electronic bills, that will enable the creation of a circulation platform of economic transactions. This platform will make possible the intersection of information for the sales made, not only to customers but between businesses as well. The draft law which is prepared...