Albania last in Europe for fiscal measures to handle Covid impact

Albania last in Europe for fiscal measures to handle Covid impact

Albania compared to all the other countries in Europe offered less fiscal measures in the 2020 budget in relation to Gross Domestic Product to cope with the consequences of the pandemic in the economy, according to the International Monetary Fund

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Government to assist SMEs with wage subsidies

The Albanian government has decided to help small and medium-sized businesses due to the situation they are going through with the global coronavirus pandemic. A decision of the Council of Ministers explains that assistance will be given to those businesses

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Covid-19 pandemics: initial losses in the oil and gas industry but recuperating swiftly

Covid-19 pandemics: initial losses in the oil and gas industry but recuperating swiftly

Tirana Centre for Journalism Excellence (TCJE) in collaboration with the Extractive Industries Transparency Initiative (EITI) in Albania, organized on October 23 a meeting with economic journalists at Tirana Times Book House. The meeting’s topic was ‘Covid-19 pandemics and oil and

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Albania and Bulgaria sign a MoU in the field of tourism

Albania and Bulgaria sign a MoU in the field of tourism

The Acting Minister for Europe and Foreign Affairs, Gent Cakaj, had a meeting last friday with the Deputy Prime Minister for Economic and Demographic Policies and Minister of Tourism of Bulgaria, Mariyana Nikolova. The meeting focused on discussions on the

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Covid-19 leaves significant negative mark in tax revenue collection

Covid-19 leaves significant negative mark in tax revenue collection

The Ministry of Finance and Economy has published a preliminary performance of fiscal indicators for the 9 months of revenues and expenditures. According to the Ministry, the total revenues for the 9 months of 2020 were realized in the amount

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Minimum wage raised to 30 000 ALL

Minimum wage raised to 30 000 ALL

The minimum wage increase to 30 000 ALL was approved by the National Labor Council in a meeting on Friday, October 16th chaired by Minister of Finance and Economy, Anila Denaj. Denaj commended the collaboration between relevant institutions and said

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0.5 interest rate kept unchanged by BoA

0.5 interest rate kept unchanged by BoA

Albania's central bank cut its policy rate to a new low 0.5% from 1.0% in March, aiming to manage the impact of the Coronavirus pandemic on the country's economic and financial health.

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20 years of Swiss-Albanian Cooperation: decentralization in focus

20 years of Swiss-Albanian Cooperation: decentralization in focus

At the occasion of the first day of the Democracy Week, the Embassy of Switzerland launched a publication on the best achievements and lessons learnt in working to further  decentralisation and strengthen local governance in the last 20 years. “I

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TAP to start commercial activities in November

TAP to start commercial activities in November

Connected to the Trans Anatolian Pipeline (TANAP) on the Greek border with Turkey, TAP extends throughout Northern Greece, Albania and the Adriatic Sea before reaching the shores of Italy.

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Tourism sector in dire straits: lower turnover and employment and not much hope for the future

Tourism sector in dire straits: lower turnover and employment and not much hope for the future

Industry survey shows 86% of businesses do not expect any activity in the remaining 2020 period

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