TIRANA, Sept. 20, 2023 – Albania’s exports saw a sharp decline of almost 22 percent year-on-year, according to the latest official data, with exporters blaming the local currency’s strength making Albanian products more expensive in the EU market. In August
TIRANA, Aug. 30, 2023 – Faced with a GDP per capita falling far behind even the poorest EU members, lackluster foreign investments and a growing budget deficit that has to be financed by an ever-shrinking and aging population, Albania’s government
TIRANA, July 23, 2023 – Albania’s currency, the lek, has continued its trend of trading at historic highs against the world’s most important currencies, causing both surprise and worry as the euro’s 12 percent fall in 7 months hurts key
TIRANA, June 20, 2023 – OTP Bank Albania has been recognized as the winner of the prestigious Euromoney 2023 Award – “Best Bank in Albania” for the fourth year in a row, demonstrating its excellence and dedication to their customers.
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
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
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
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
TIRANA, April 26, 2023 – Albania’s currency, the lek (ALL) is seeing unprecedented strength against the common European currency (EUR) this week, part of a trend with all major foreign currencies. The ALL-EUR exchange rate is closely watched in Albania
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,
