Albanian businesses are not innovative

Albanian businesses are not innovative

TIRANA, July 18- According to a Balkan Business Survey report for 2018, direct advertising and communication with customers through modern channels – Facebook, YouTube or InstaGram is becoming increasingly important, while more traditional means of communication and marketing via email

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Tax Agency lacks 30 million euros

Tax Agency lacks 30 million euros

TIRANA, July 17- Revenues collected from taxes, customs, social insurance and others, in the first six months of the year were 225.5 billion lek (1.8 billion euros), according to fiscal statistics published by the Ministry of Finance. Compared with the

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World Bank foresees massive emigration by 2050

World Bank foresees massive emigration by 2050

TIRANA, July 17- A recent World Bank prediction shows that for 2017-2022 the net emigration, which is the difference between the departed and returned, will be 40 thousand persons less. The Bank predicts that net emigration will continue to decrease

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Barriers in the private pensions fund

Barriers in the private pensions fund

Brunilda Haxhimihali who is Director of the Legal & Compliance Department at Raiffeisen Invest, identified the level of economic and social development in our country as a factor that has hindered the development of the private pension funds. According to

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Private pensions to be obligatory

Private pensions to be obligatory

TIRANA, July 16- The pension scheme changed completely in 2015. Only minor adjustments affecting specific groups or procedures were made since then, however the Assembly has requested the Financial Supervisory Authority (FSA) to oversee a change in the law to

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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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