TIRANA, April 12, 2023 – Doing business in Albania is hard as the economic “environment is inefficient and requires significant improvement,” five chambers of commerce in Albania, including those representing American, German, French and Italian investors said in a joint
TIRANA, April 11, 2023 – With Albania’s government losing its final appeal to reverse a €120-million penalty in the Francesco Becchetti affair case earlier this month, Tirana is mulling exiting the jurisdiction of the international arbitration court that issued the
TIRANA, April 8 – Albania’s government is preparing to approve large wage increases in the public sector that could lead to the average salary going up 60 percent by 2024, Prime Minister Edi Rama has announced. According to the government,
By DEJAN AZESKI SKOPJE, March 31, 2023 – Improving infrastructure, solving barriers that exist to speed up the flow of goods and services, establishing a joint airline that will connect the region, solving the issue of certification bodies and documents are
TIRANA, April 1, 2023 – Albania, the Gross Domestic Product (GDP) increased by 4.84 percent compared to the previous year, the Institute of Statistics said in its publishing of data on economic activity during the last quarter of last year.
TIRANA, March 23, 2023 – Albania’s central bank has raised its key interest rate by another quarter of a percentage point in its attempt to fight inflation, the Bank of Albania governor announced in a press conference. The decision of
TIRANA, March, 25, 2023 – While Albania’s employment indicators have improved year over year, since 2020, the number of employed people is decreasing in the younger population groups, while it is increasing among the elderly. In the fourth quarter of
TIRANA, March 20, 2023 – Albania’s private sector salaries are increasing and doing so at a higher rate than public sector ones, as businesses struggle to retain workers competing with migration and the domestic labor market. However, public sector wages
TIRANA, March 11, 2023 – The Green for Growth Fund (GGF) has announced a EUR 28 million loan to fund a landmark transaction with SPV Blue 1 in Albania. The privately owned project marks a significant milestone in the history
TIRANA, March 9, 2023 – North Macedonia’s government has signed a deal with the Bechtel Enka consortium for the construction of parts of European highway corridors 8 and 10, totaling 110 kilometers. The project is set to cost 1.3 billion
