Albania's population drops by 5.8%

Albania's population drops by 5.8%

TIRANA, July 10 – Albania and Bulgaria experienced the strongest decline in the population percentage in a year. compared to January 1, 2019, According to Eurostat's latest report, Albania's population declined by 5.8 percent while Bulgaria's percentage declined respectively -7

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GALA completes biggest project in company's history

GALA completes biggest project in company's history

TIRANA, July 8 – German Albanian Logistics Agency (GALA) has completed the most extensive project in the company's history. As shipping agent and full logistics supplier, GALA had been part of the Trans Adriatic Pipeline (TAP) program since 2015. Now,

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Serbia set to buy out Kosovo

Serbia set to buy out Kosovo

TIRANA, July 8 – Serbia is looking to make its way into the economic sphere of Kosovo, similar to its efforts to purchase Telekom Albania last year. Serbian media reported that Telekom Srbija has entered the second phase of the

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COVID-19: Economy to experience €1.8 billion loss

COVID-19: Economy to experience €1.8 billion loss

TIRANA, July 7 – Albania's ecnonomy is expected to lose about 1.8 billion euros as a result of the Covid-19 pandemic. Based on the 2020 revised budget, the Ministry of Finance has foreseen a drop to 12.7 billion euros in

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IMF against tax removal & fiscal amnesty proposals

IMF against tax removal & fiscal amnesty proposals

TIRANA, July 2 – The International Monetary Fund expressed concern over the Albanian government's tax amnesty draft law as well as its proposal to remove the profit tax for certain small businesses until 2029. On Wednesday, an International Monetary Fund

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Albania's economy experiences 2.52% downfall

Albania's economy experiences 2.52% downfall

TIRANA, July 1 – The earthquake that hit Albania last year, along with the COVID-19 pandemic drove the economy into a significant downfall during the first quarter of 2020. According to the Albanian Institute of Statistics (INSTAT), the economy declined

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AmCham Business index: biggest drop in confidence in 8 years

AmCham Business index: biggest drop in confidence in 8 years

TIRANA, June 29 – Confidence in the Albanian business climate has decreased significantly, dropping to its lowest point since 2012, according to the latest Business Index by the American Chamber of Commerce. Based on the report, almost all indicators declined

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Majority of returning migrants in Albania are unemployed

Majority of returning migrants in Albania are unemployed

TIRANA, June 23 – Returning migrants in Albania are struggling to find a place in the labor market, as the majority is unemployed or working illegally in their own country. A study by World Vision Albania and the Albanian Center

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Japan provides X-Ray machine to Trauma University Hospital

Japan provides X-Ray machine to Trauma University Hospital

TIRANA, June 18 – New medical equipment funded by Japan's grant aid scheme (GGP) will be provided to Trauma University Hospital. On June 18th, the Ambassador of Japan to Albania, H.E. Mr. ITO Makoto and the Director of Trauma University

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Officials sign agreement on Kosovo – Albania airway

Officials sign agreement on Kosovo – Albania airway

TIRANA, June 17 – The airway between Kosovo and Albania has been opened thanks to an agreement reached on Wednesday between the Air Navigation Services Agency (AShNA) and Albcontrol in the framework of "Balkan Aviation Normalization Meeting." The director of

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