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European Commission’s evaluation for the economic situation in Albania

By   /  16/02/2017  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on European Commission’s evaluation for the economic situation in Albania

“The growing political insecurity relating to the June 2017 parliamentary elections may affect consumption and investments”, says the economic projection The European Commission has published the Winter economic projection for EU member countries and associate member countries. The summary on Albania stresses that “domestic demand remains the only ‘remedy’ of the country’s economy. The gradual […]

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Albanian opposition promises a 9% flat tax and zero tax on dividend

By   /  16/02/2017  /  AL Finance, Albania, Finance  /  Comments Off on Albanian opposition promises a 9% flat tax and zero tax on dividend

The leader of the Democratic Party, Lulzim Basha promises a reduction of taxes for businesses and the reintroduction of the flat tax, but this time at a rate of 9% or 1% less than during the eight years in office of the former right wing PM, Sali Berisha. Mr. Basha promised that once the DP […]

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1 billion USD worth of investments, PM Rama announced ahead of the elections

By   /  30/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on 1 billion USD worth of investments, PM Rama announced ahead of the elections

A few months before the holding of the 18 June general elections, the socialist PM, Edi Rama says that his government will soon start “a national program of 1 billion USD for reconstruction”. According to Mr. Rama, thanks to this new program and direct investments from the state budget “we will introduce a large volume […]

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Essential that Albania commits to maintaining its momentum of economic reforms, IMF says

By   /  25/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on Essential that Albania commits to maintaining its momentum of economic reforms, IMF says

IMF Reaches Staff-Level Agreement for Completion of Ninth and Tenth Reviews of Albania’s Extended Arrangement Economic program remains on track and has achieved its core objectives of correcting large macroeconomic imbalances and boosting economic growth. Overall, good progress in implementing structural reforms. Essential that Albania commits to maintaining its momentum of economic reforms. An International […]

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Analysis/Confidence of Albanians in the economy grows

By   /  17/01/2017  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Analysis/Confidence of Albanians in the economy grows

Last year marked a pessimistic start for many Albanians. They were skeptic on the economic situation in the country. Businesses also had negative expectations. But the second quarter of 2016 changed things. Economic growth was evident and consumption saw an increase. Based on these facts, consumer and business confidence on the economy of the country […]

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Albania is expected to have the biggest economic growth in the Balkans, IMF says

By   /  05/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on Albania is expected to have the biggest economic growth in the Balkans, IMF says

The International Monetary Fund says that the Albanian economy is growing fast and in a progressive way. According to IMF, in 2017, economic growth in Albania will not be lower than 2.7%, making it the country with the highest economic growth in the Balkans. The Albanian economy, which IMF considers as a developing economy, ranks […]

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The new tax changes that enter in force in Albania

By   /  03/01/2017  /  AL Business, AL Finance, Albania, Business, Finance  /  Comments Off on The new tax changes that enter in force in Albania

The new Tax Package has entered in force in January 2017 and this package includes several changes in taxes. In contrast to other years, the 2017 changes are almost insignificant. The government has taken care in order not to increase the tax burden for businesses. New facilitating measures have also been taken for domestic production […]

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Albania is aiming to achieve a 6% economic growth rate starting from 2017

By   /  27/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Albania is aiming to achieve a 6% economic growth rate starting from 2017

Albania is aiming to reach a 6% economic growth a year. This ambitious declaration has been made by the minister of Finance, Arben Ahmetaj during a meeting held today with journalists to analyze the 2016 performance. Ahmetaj said that economy has made a serious correction and that it has returned into a positive cycle of […]

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IBNA Analysis/Expected outlook on economic and financial developments in Albania

By   /  22/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on IBNA Analysis/Expected outlook on economic and financial developments in Albania

The Supervisory Council of the Bank of Albania reviewed and approved the interim Monetary Policy Report. In conclusion to the discussions on the most recent economic and monetary developments and the expected outlook, the Supervisory Council decided to keep unchanged the monetary policy rate at 1.25%. Additionally, the Supervisory Council decided to keep unchanged the interest rate […]

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Albania, the country with the highest level of NPLs in the Balkans

By   /  19/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Albania, the country with the highest level of NPLs in the Balkans

Albania is considered the country with the highest level of nonperformance loans in the Balkan region. This is revealed in a confidential report that the financial international giant Moody’s has sent to the government of Prime Minister Rama, IBNA reports. The document considers NPLs as a threat to the banking system, as this system is […]

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