Paying Taxes 2017: Albania continues to lag behind regional competitors

Paying Taxes 2017: Albania continues to lag behind regional competitors

TIRANA, Nov. 30 – Albania slightly improved its ranking in paying taxes but continued underperforming even among regional competitors with a higher tax burden, according to the Paying Taxes 2017 report published by the World Bank and the PwC audit

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Saimir Strati completes giant St. Teresa mosaic on Independence Day

Saimir Strati completes giant St. Teresa mosaic on Independence Day

TIRANA, Nov. 29 – “Peace begins with a smile” is the Mother Teresa quote Albanian artist Saimir Strati has engraved on a giant “Saint Theresa” mosaic dedicated to the famous nun of Albanian origin declared a saint by Pope Francis

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Ruling MPs request 2-year freeze on new gambling law ahead of mid-2017 general elections

Ruling MPs request 2-year freeze on new gambling law ahead of mid-2017 general elections

TIRANA, Nov. 29 – With only a month to go before a law disciplining gambling in downtown areas become effective and few months before the mid-2017 general elections, several ruling majority MPs have proposed some amendments that postpone the law’s

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Italian legal changes put Albania’s booming call center industry at risk

Italian legal changes put Albania’s booming call center industry at risk

TIRANA, Nov. 28 – Legal changes initiated by the Italian Parliament risk putting at risk the booming call center industry in Albania, one of the country’s key employers in recent years with a huge impact on tackling high youth jobless

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Turkish couchsurfer: It’s a social responsibility for me to host people visiting Albania

Turkish couchsurfer: It’s a social responsibility for me to host people visiting Albania

By Jona Kuka Alaattin is an avid traveler and an active participant in the famous traveler’s website, couchsurfing.com. This website is great for those that want to explore countries of the world, while they meet and talk to local people.

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New ‘shady’ PPPs to cost taxpayers €52 mln for 2017

New ‘shady’ PPPs to cost taxpayers €52 mln for 2017

TIRANA, Nov. 24 – Financial support to six concession contracts the Albanian government has signed in key sectors over the past three years and two new public-private partnerships expected to be made operational next year will cost Albanian taxpayers an

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Credit Suisse: Albania’s total wealth at $21 billion

Credit Suisse: Albania’s total wealth at $21 billion

TIRANA, Nov. 22 – Albania has the third highest total wealth among the six EU aspirant Western Balkans countries, according to a report by Credit Suisse Research Institute. The latest Global Wealth Databook shows Albania’s total wealth was estimated at

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Euro hits 6-year low against lek, further affecting ailing exports

Euro hits 6-year low against lek, further affecting ailing exports

TIRANA, Nov. 23 – Europe’s single currency hit a six-year low against Albania’s national currency this week, further affecting the country’s exports, already on a downward trend due to a slump in international commodity prices. The euro dropped to as

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Proposed income tax changes to increase companies’ burden

Proposed income tax changes to increase companies’ burden

TIRANA, Nov. 21 – Some newly proposed changes to the income tax will increase the companies’ corporate income tax by lowering the amount of tax deductible interest involving borrowing expenses that taxpayers can claim to reduce taxable income, sparking concerns

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WB: External, internal factors hamper growth prospects

WB: External, internal factors hamper growth prospects

TIRANA, Nov. 23 – External developments associated with financial volatility and slow growth in the EU may adversely impact Albania’s growth and poverty prospects through reduced remittances, exports, investment and consequently economic growth, says the World Bank in its latest

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