Back to homepage

Free to Read

Parking fees approved for downtown Tirana

TIRANA, Nov. 12 – Tirana's municipal council has approved fees for parking in downtown public spaces which will be collected by a newly established municipal agency, a service which up to now has been offered free of charge. The decision

Read Full Article
Banks post historic high profits €82 mln

Banks post historic high profits €82 mln

TIRANA, Nov. 10 – The 16 overwhelmingly foreign-owned banks operating in Albania posted historic high profits in the first three quarters of this year as non-performing dropped by 4.6 percent but credit suffered moderate negative growth rates due to poor

Read Full Article
Investment funds’ growth slows down

Investment funds’ growth slows down

TIRANA, Nov. 10 – While traditional bank deposits struggle to remain at positive growth rates due to a sharp cut in interest rates, the emerging investment funds continue registering moderate growth rates fuelled by more favourable interest rates although at

Read Full Article

Uncertainty among households increases

TIRANA, Nov. 11 – Uncertainty among Albanian households has increased during the past year but slightly dropped for businesses, a survey by the country's central bank has found. "During 2015, an environment characterized by a low level of uncertainty among

Read Full Article
Ombudsman opposes amendments that set prison terms for business owners

Ombudsman opposes amendments that set prison terms for business owners

TIRANA, Nov. 11 – Ombudsman Igli Totozani has described the new amendments to the Criminal Code which tighten measures against tax evasion by replacing some penalties by fines with punishment by imprisonment as hurried and premature and with a serious

Read Full Article
New law to make security camera installation compulsory

New law to make security camera installation compulsory

TIRANA, Nov. 11 – A new draft law making it compulsory to install security cameras in the majority of public spaces, including businesses has sparked concerns among experts over privacy rights and increased costs which will have to be handled

Read Full Article
Construction sector’s contribution to economy drops by 7%

Construction sector’s contribution to economy drops by 7%

TIRANA, Nov. 11 – As elsewhere in the region, construction has been the most affected sector in Albania's economy during the past six crisis years, losing its position as one of the key drivers in the pre-crisis years and cutting

Read Full Article
Bankers Petroleum returns to modest profits

Bankers Petroleum returns to modest profits

TIRANA, Nov. 10 – Canada-based Bankers Petroleum, which operates the Patos-Marinza heavy oilfield in southwest Albania, returned to modest profits in the third quarter of 2015 when it reduced costs to handle the sharp decline in international oil prices. Bankers

Read Full Article
Domestically produced tobacco increases to 3,000 tonnes

Domestically produced tobacco increases to 3,000 tonnes

TIRANA, Nov. 11 – Domestically produced tobacco hit a decade high of 3,000 tonnes in 2014, meeting 38 percent of the country's needs, according to data published by Open Data research centre. The record production which mainly comes from the

Read Full Article
IMF to decide on new loan tranches in early 2016

IMF to decide on new loan tranches in early 2016

TIRANA, Nov. 10 – The International Monetary Fund says the Albanian economy is back on track and the country is expected to be awarded two new loan tranches worth about €74 million in early 2016 after failed mid-year negotiations over

Read Full Article

Latest News

Read More