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How Much Did Tourists Spend in Albania in 2017?
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How Much Did Tourists Spend in Albania in 2017?

TIRANA, October 8 Albania is a fast-growing tourist destination, but one of the most important questions is how much do international tourists spend and how does it compare to the other countries of the region? The map by howmuch.net provides more insights into one of the most important sectors of the Albanian economy. The data...

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 Plans to End Roaming Charges with the Western Balkans
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Albania Plans to End Roaming Charges with the Western Balkans

TIRANA, January 4 All citizens that use a sim card issued by an Albanian carrier may soon not have roaming charges while travelling in the countries of the Balkan region. The Electronic and Postal Communications Authority (AKEP) says in its strategy and action plan for 2018 that tangible steps will be taken during this year...

Albania is 42nd Cheapest in the World for Broadband
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Albania is 42nd Cheapest in the World for Broadband

TIRANA, November 27 The cost of getting online in Albania is about $33 per month. A survey of 192 countries found out that the average price of broadband in Albania is 33.23 dollars while the country ranks 42nd cheapest. More than 3,351 broadband packages were recorded and analyzed by BDRC Continental and Cable.co.uk during the...

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...

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...

Albania Improves on WEF’s Global Competitiveness Rankings
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Albania Improves on WEF’s Global Competitiveness Rankings

TIRANA, September Albania is the most competitive country in the region based on the fact that it ranks at number 75 in the Global Competitiveness Report 2017-2018 of 137 countries issued by the World Economic Forum (WEF). This year, Albania improved by five places and according to WEF, it has the highest score compared to...

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...

Prolonged Drought Takes Toll on Crops
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Prolonged Drought Takes Toll on Crops

TIRANA, September 7 The prolonged dry season caused severe damage to 50 percent of field and fruit crops. According to a report issued by the Ministry of Agriculture, the lack of rain falls for more than 70 days and high temperatures damaged vegetable crops, corn, alfalfa, fruit crops, vineyards, olive and citrus fruits. Therefore, corn...