Profit transfer reaches record during first quarter

Profit transfer reaches record during first quarter

TIRANA, June 27- Foreign companies took abroad 102 million euros during the first quarter of this year in the form of profit and interest payments transferring. According to the Bank of Albania data, in the balance of payments for January-March,

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New 25 million loan to help agriculture

New 25 million loan to help agriculture

TIRANA, June 26- About 25 million euros are planned to be granted as loans by “Agrocredit” rural and suburban areas over the next three years. “Agrocredit” is a microfinance institution owned by the Albanian government, formerly known as First Financial

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Highest investments from the Netherlands during first quarter

Highest investments from the Netherlands during first quarter

TIRANA, June 26- The Netherlands was the largest foreign investor in Albania during the first quarter of this year, according to data on the inflow of foreign direct investments published by the Bank of Albania. The country invested 77 million

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Political crisis harms tourism

Political crisis harms tourism

TIRANA, June 26- Albania was visited by about 401 thousand foreigners during May, according to Albanian Institute of Statistics (INSTAT) data. In comparison to the previous year, there was a minimal increase in foreigners’ inflows by only 1.7 percent, unlike

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Audit report names departments on risk

Audit report names departments on risk

TIRANA, June 26- The General Directorate of Harmonization of Public Internal Financial Control at the Ministry of Finance and Economy made an audit report of the central government for 2018. In the analysis prepared for reporting to the Assembly, the

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High PPP bill warns tax increases

High PPP bill warns tax increases

TIRANA, June 26- The government is expected to finance about 13.9 billion lek (113.99 million euros) in Public Private Partnership (PPP) projects, according to budget estimates. This bill has increased with 1 percentage compared to the previous, and will account

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Most costly expenses for Albanians and region

Most costly expenses for Albanians and region

TIRANA, June 25- In data published by the European Office of Statistics (Eurostat) it is estimated that Albanians spend 44.1 percent of their available money on food. This is the highest percentage in the Balkans region and also in the

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Medium enterprises in the attire sector are closing down

Medium enterprises in the attire sector are closing down

TIRANA, June 25- Florian Zekja who is board chairman to the Union of Albanian Attire Producers, said that in recent months many companies with 20 to 40 employees have come up for sale. If it continues at this rate, he

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American Chamber says political climate hampers investments

American Chamber says political climate hampers investments

TIRANA, June 25- Executive Director of the American Chamber of Commerce Ilir Trimi, said businesses operating in Albania are concerned and frustrated by the political crisis. In a previously joint statement with other foreign business chambers, they wrote that “each

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Economy in Brief

Economy in Brief

150 enterprises conduct most trade According to Albanian Institute of Statistics (INSTAT) data, exports reached 10 billion lek (81 million euros) in 2018, increasing by 13.7 percent compared to the previous year, while imports reached 641 billion lek (5.2 billion

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