Albania sees unprecedented tourism boom ahead of high season  

Albania sees unprecedented tourism boom ahead of high season  

TIRANA, May 29, 2023 – If you are noticing a far larger number of foreign visitors around Tirana these days, you are not alone: Albania is seeing a record number this spring and is set to have the busiest tourism

Read Full Article
As Albania’s doctors emigrate, experts say root causes are complex

As Albania’s doctors emigrate, experts say root causes are complex

TIRANA, May 26, 2023 – The growing number of doctors and other health professionals migrating away from Albania in recent years, part of a much larger brain drain and migration trend, is increasing anxiety of the population left behind over

Read Full Article
OTP Bank Albania: Establishing a firm foundation to serve Albania’s dynamic economy and society 

OTP Bank Albania: Establishing a firm foundation to serve Albania’s dynamic economy and society 

Hungary’s largest OTP Bank Group entered Albania’s market four years ago, and its subsidiary OTP Bank Albania has recently grown further through a merger, positioning itself to to serve a greater portion of Albania’s economy, which it sees as a

Read Full Article
Ruling Socialists score sweeping victory in Albania’s municipal elections 

Ruling Socialists score sweeping victory in Albania’s municipal elections 

This is the final version of this story, which has been updated with results. Last updated May 16 at 9:40 a.m. TIRANA, May 16, 2023 – Albania’s ruling Socialist Party has scored a sweeping victory, the largest in post-communist Albania

Read Full Article
Albanians head to polls to elect mayors, municipal councils 

Albanians head to polls to elect mayors, municipal councils 

TIRANA, May 13, 2023 – Albania’s voters will head to polls Sunday to elect mayors and councils for the country’s 61 municipalities in the first competitive administrative elections in eight years. Two groupings have fielded the most mayoral candidates —

Read Full Article
Albania, Greece spar over Himara mayoral candidate’s arrest on vote-buying charges

Albania, Greece spar over Himara mayoral candidate’s arrest on vote-buying charges

TIRANA, May 12, 2023 – Albanian police have arrested the opposition’s candidate for the mayor of Himara on charges of vote buying, leading to a spat between Greek and Albanian authorities over the ethnic Greek party representative’s detention two days

Read Full Article
Albania’s PM endorses President Erdogan in upcoming Turkish elections, raising concerns at home over breaking protocol 

Albania’s PM endorses President Erdogan in upcoming Turkish elections, raising concerns at home over breaking protocol 

TIRANA, May 9, 2023 – Albanian Prime Minister Edi Rama has released a video in which he addresses the Turkish people ahead of the May 14 presidential elections, voicing support for President Recep Tayyip Erdogan, who is running for reelection

Read Full Article
Bank of Albania keeps key rate unchanged as record strength of local currency helps curb inflation, puzzling experts

Bank of Albania keeps key rate unchanged as record strength of local currency helps curb inflation, puzzling experts

TIRANA, May 4, 2023 – Albania’s central bank announced Wednesday it is keeping its key interest rate unchanged at 3 percent with global trends and a strong local currency taking the edge off domestic inflation and thus making rate increases

Read Full Article
Albania and region need to diversify renewable sources to have energy security, experts say

Albania and region need to diversify renewable sources to have energy security, experts say

TIRANA, April 28, 2023 – Albania needs to diversify its investments in renewable energy beyond weather-dependent hydroelectric generation to ensure its energy security, according to experts at a forum organized by the Albanian Institute for International Studies.  The event, part

Read Full Article
What do Albania’s upcoming municipal elections mean for foreign investors?

What do Albania’s upcoming municipal elections mean for foreign investors?

NEWS ANALYSIS TIRANA, April 19, 2023 – Albania’s political parties have started campaigning across the country for the upcoming May 14 municipal elections, which will determine the mayors and municipal council members of Albania’s 61 municipalities.  By their very nature,

Read Full Article