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WB: Albania’s Economy to Slow to 3.6% in 2019

WB: Albania’s Economy to Slow to 3.6% in 2019

TIRANA, January 11 While the outlook for the global economy has darkened, Albania’s economic growth is projected to slow down from four percent in 2018 to 3.6 percent in 2019. The World Bank (WB) said this on its January 2019 edition of the Global Economic...

How Is Albania Doing in Business?

How Is Albania Doing in Business?

TIRANA, October Albania made minimal progress in Doing Business report 2019 by jumping only two ranks compared to the previous year. Albania ranks 63rd among 190 economies on the World Bank Ease of Doing Business. Compared to other countries of the region, the country’s overall...

What Does Albania Export and How it Compares to the Region

What Does Albania Export and How it Compares to the Region

TIRANA, October 18 The top exported product from Albania during 2018 are shoes and oil, the Western Balkans Regular Economic Report confirms. In the meantime Macedonia exported chemical products and machinery spare parts, Bosnia and Herzegovina exported furniture and shoes, Montenegro exported aluminum products and...

Southern Municipalities Benefit from $71mln Project

Southern Municipalities Benefit from $71mln Project

TIRANA, April 27 Albania Integrated Urban Development and Tourism in southern Albania have started in the cities of Saranda and Berat. The project aims at improving urban infrastructure, enhancing tourism assets, and strengthening institutional capacities in support to tourism and local economic development in the...

WB Approves $50 mln for Tourism Roads Reconstruction

WB Approves $50 mln for Tourism Roads Reconstruction

TIRANA, April 26 The World Bank (WB) announced on Thursday that it approved a 50 million dollar fund for the development of regional and local roads with a special focus on supporting the tourism and agriculture sectors. Pogradec – Tushemisht, Fier – Seman, and Qafe...

The World Bank Warns of FDI Inflow Decline by 2019

The World Bank Warns of FDI Inflow Decline by 2019

TIRANA, October 26 The Foreign Direct Investment inflow (FDI) in Albania are expected to account for 5.6percent of the Gross Domestic Product (GDP) by 2019, the World Bank (WB) warned. Monitor Magazine reported that according to the latest projection of the WB, FDI inflow in...

Economy on Positive Trend, BoA’s Governor Says

Economy on Positive Trend, BoA’s Governor Says

TIRANA, October 16 Economic activity in Albania marked improvement. This was said by Governor of the Bank of Albania (BoA) Gent Sejko during the annual meeting of the International Monetary Fund (IMF) and the World Bank Group in the United States during October 13-15. Sejko...

Quality of Infrastructure Investments Remains Low, IMF Says

Quality of Infrastructure Investments Remains Low, IMF Says

TIRANA, July 26 The International Monetary (IMF) ranks Albania second last in a list of 40 countries regarding the quality of infrastructure investments even though billions of Euros from taxpayer’s money were paid for public investments, Top Channel reported referring to a report by IMF....