Lek stable against Euro, appreciates against US dollar

TIRANA, Dec. 3 – Albania’s national currency, lek, has been stable against the Euro and gained ground against the US dollar during the past year, according to Bank of Albania’s average monthly fixed exchange rate. Data show the Euro traded

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Canned fish, medicinal plants top Albania agricultural exports

Exports of medicinal plants continued their upward trend in 2012 when they rose to 2.6 billion lek (Euro 18.5 million) on higher volume of exports TIRANA, Dec. 4 – Exports of agricultural products rose by 7.3 percent in 2012, affected

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Public debt, unpaid bills remain key barriers, experts say

TIRANA, Dec. 3 – Public debt, accumulated unpaid bills to businesses, and the need for structural reforms are the main challenges the Albanian economy faces as it struggles with the lowest GDP growth rates also affected by spillover impacts from

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German companies urged to invest in Albania

Since 1988, the German federal government has made available around 1 billion euros for financial cooperation projects throughout the Albania TIRANA, Dec. 3 – The Albanian government says it is open to support more German investors to Albania and intensify

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Vienna Institute downgrades Albania’s growth on lower investments

The reduction in the imports of machinery is worrisome as this is a further indicator of the lack of private investment, says the Vienna Institute for International Economic Studies TIRANA, Dec. 3 – The Vienna Institute for International Economic Studies

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Lending, deposits continue downward trend

Bank of Albania data show lending shrank by 2.2 percent year-on-year in October while interest rates on lek-denominated loans registered a slight increase despite the central bank having lowered the key interest rate to a historic low of 3.25 percent

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Precepaj’s deportation halted

Albanian woman, who became poster child for immigration debate in the United States after media publicity of her failed asylum claim, has been told she won’t be deported right away TIRANA, Dec. 5 – In a case that has captivated

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Governing Socialists trying to soothe ties with small allies

TIRANA, Dec 2 – Small political parties of the leftist coalition led by the Socialist Party of Prime Minister Edi Rama will likely have officials in different public posts starting next year. The news came as their leaders met with

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Fight against domestic violence set as top priority

Last year, a study based on police data found that the number of women killed by their male family members had increased, from 22 in 2008 to 30 in 2011. TIRANA, Dec. 2 – Violence in the family, especially against

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Independence, liberation days celebrated with little fanfare

Opposition angry over Enver Hoxha portrait at official ceremony TIRANA, Nov. 29 – Albania celebrated last week two of its main national festivities נIndependence Day of Nov. 28 and the Liberation Day of Nov. 29 נwith little fanfare, following the

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