COVID-19, euro jumps 2.13 percent against the lek

COVID-19, euro jumps 2.13 percent against the lek

TIRANA, March 30 – The depreciation of the lek against the euro continues as the latter jumped by 2.13 percent on Monday. According to the official exchange rate of the Bank of Albania, 1 euro was exchanged with 131.06 lek

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Economic growth declined to 2.2% in 2019, INSTAT reports

Economic growth declined to 2.2% in 2019, INSTAT reports

TIRANA, March 27 – According to recent data published by INSTAT, the last quarter of 2019 witnessed an economic slowdown mainly linked to the earthquake that struck Albania on November 26. Annual growth is estimated to have declined to to

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Deadline for Vlora Airport concession postponed for the second time amid COVID-19

Deadline for Vlora Airport concession postponed for the second time amid COVID-19

TIRANA, March 27 – The Ministry of Infrastructure and Energy has once again postponed the deadline to submit offer for potential investors regarding the Vlora Airport concession, amid the COVID-19 crisis. The deadlin 21 April 2020 at 1:00 pm as

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International Red Cross and Red Crescent Movement appeals for 800 million Swiss francs to assist most vulnerable people in fight against COVID-19

International Red Cross and Red Crescent Movement appeals for 800 million Swiss francs to assist most vulnerable people in fight against COVID-19

Geneva, March 26 –- The International Red Cross and Red Crescent Movement on Thursday launched a revised emergency appeal for 800 million Swiss francs (823 million US dollars) to help the world’s most vulnerable communities halt the spread of COVID-19

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Bank of Albania lowers interest rates due to COVID-19 impact

Bank of Albania lowers interest rates due to COVID-19 impact

The Bank of Albania has decided to lower interest rates by 0.5 percentage points to 0.5 percent, in efforts to recover the economy amid a troublesome situation caused by the coronavirus pandemic. The decision was announced on Wednesday by the

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Euro continues rally against Albanian lek

Euro continues rally against Albanian lek

TIRANA, March 25 – The euro continued its rally against the lek on Wednesday as it reached a record high since last year. According to the official exchange rate of the Bank of Albania, one euro was exchanged for 124.47

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Gov’t to double payments for small businesses, self-employed households and the unemployed

Gov’t to double payments for small businesses, self-employed households and the unemployed

TIRANA, March 24 – The Albanian government approved the financial assistance plan for all small businesses, households living under financial assistance and the unemployed who receive social welfare payments. “There are many self-employed families where the head of household declares

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Euro rises to almost 124 lek

Euro rises to almost 124 lek

TIRANA, March 24 – The euro rallied against the lek significantly on Tuesday. According to the Bank of Albania’s official exchange rate, one euro was exchanged with 123.84 lek on Tuesday, up by 0.81 lek compared to last week, reaching

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Gov’t approves state budget changes: deficit doubles

Gov’t approves state budget changes: deficit doubles

TIRANA, March 22 – The Council of Ministers recently approved the proposal of the Ministry of Finance and Economy to make changes in the 2020 State Budget, in order to cope with the COVID-19 emergency. The changes indicate 162 million

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Economic slowdown and public debt increase expected due to COVID-19

Economic slowdown and public debt increase expected due to COVID-19

TIRANA, March 21 – The coronavirus pandemic is expected to have a negative impact on economic growth and public debt. During an interview with Euronews, the Minister for Reconstruction and the COVID-19 task-force, Arben Ahmetaj, said that there would be

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