EC explains why economic growth halved

EC explains why economic growth halved

TIRANA, July 17- The European Commission has put an emphasis on the slowdown of Albania’s economic growth and consumption during the first quarter of the year in its quarterly periodic review of economic developments in potential candidate countries, also explaining

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Economy in Brief

Economy in Brief

Cost of living in Albania gets more expensive Albania ranks ninth out of 40 countries in Europe for the first six months of 2019, according to the Numbeo data portal. Albania’s living costs have become more expensive compared to the

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Tirana Municipality budget origins and expenditure

Tirana Municipality budget origins and expenditure

TIRANA, July 15- In the four years from 2015 to 2018, the Municipality of Tirana had about 60 billion lek or 490 million euros funds available from collecting taxes and fees, as well as government transfers funds. The Municipality’s own

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PM Rama threatens punitive measures on informal economy

PM Rama threatens punitive measures on informal economy

TIRANA, July 15- Albanian Prime Minister Edi Rama said on Monday that “Those who do not reach the indicators can not be part of this administration, tax or labor inspectorate.” The declaration came during the presentation of newly appointed tax

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Government increases concessionary payments prior elections

Government increases concessionary payments prior elections

TIRANA, July 18- The performance of budget spending has further deteriorated during the first six months of the year, as official data from the Ministry of Finance show that spending on investment has been cut because of the increased local

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EC says economic aid is insufficient

EC says economic aid is insufficient

TIRANA, July 16- The European Commission, referring to the World Bank, reported that the poverty rate in Albania amounted to 35.2 percent in 2018. The groups reported at higher risk of poverty are unemployed, people in rural areas, the elderly,

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Economic progress along EU criteria

Economic progress along EU criteria

TIRANA, July 17- The European Commission published its annual “Progress Towards Meeting the Economic Criteria for EU Accession” assessment on July 11, which aims to bring together into a single document the economic chapters of the European Commission’s country reports

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French Ambassador publicly questions June 30 elections

French Ambassador publicly questions June 30 elections

TIRANA, July 17 – French Ambassador to Albania Christina Vasak questioned the direction Albania is taking and its migrating youth’s destination during France’s National Holiday celebration, becoming one of the first ambassadors to question the June 30 local elections. “Where

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Malaj: “Albania’s problems can only be solved through discussion”

Malaj: “Albania’s problems can only be solved through discussion”

TIRANA, July 17 – The Socialist majority in Albania began on Tuesday procedures to dismiss the member of the Supervisory Council of the Bank of Albania Arben Malaj due to “serious violations of ethics” in his public outings and pronouncements. Through

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Socialist majority seeks to dismiss Bank of Albania Supervisory Council member

Socialist majority seeks to dismiss Bank of Albania Supervisory Council member

TIRANA, July 16 – The Socialist majority in Albania began on Tuesday procedures to dismiss the member of the Supervisory Council of the Bank of Albania Arben Malaj due to “serious violations of ethics” in his public outings and pronouncements.

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