TIRANA, Nov. 6 – The United Nations World Tourism Organization (UNWTO) has revealed that Albania secured the third position globally in terms of tourism sector growth during the first seven months of 2023, compared to the same period in 2019.
TIRANA, Nov. 2, 2023 – Albania’s central bank supervisory council has announced another hike in Bank of Albania’s key interest rate, up by 0.25 percentage points, bringing it to a rate of 3.25 percent. Inflation has seen a declining trend
TIRANA, Oct. 29 – Albania’s recent removal from the Financial Action Task Force (FATF) gray list of countries grappling with money laundering deficiencies has garnered cautious optimism, with financial experts emphasizing the need for continued vigilance. The decision, made by
TIRANA, Sept. 20, 2023 – Albania’s exports saw a sharp decline of almost 22 percent year-on-year, according to the latest official data, with exporters blaming the local currency’s strength making Albanian products more expensive in the EU market. In August
TIRANA, Aug. 30, 2023 – Faced with a GDP per capita falling far behind even the poorest EU members, lackluster foreign investments and a growing budget deficit that has to be financed by an ever-shrinking and aging population, Albania’s government
TIRANA, July 23, 2023 – Albania’s currency, the lek, has continued its trend of trading at historic highs against the world’s most important currencies, causing both surprise and worry as the euro’s 12 percent fall in 7 months hurts key
TIRANA, June 20, 2023 – OTP Bank Albania has been recognized as the winner of the prestigious Euromoney 2023 Award – “Best Bank in Albania” for the fourth year in a row, demonstrating its excellence and dedication to their customers.
TIRANA, May 29, 2023 – If you are noticing a far larger number of foreign visitors around Tirana these days, you are not alone: Albania is seeing a record number this spring and is set to have the busiest tourism
Hungary’s largest OTP Bank Group entered Albania’s market four years ago, and its subsidiary OTP Bank Albania has recently grown further through a merger, positioning itself to to serve a greater portion of Albania’s economy, which it sees as a
TIRANA, May 4, 2023 – Albania’s central bank announced Wednesday it is keeping its key interest rate unchanged at 3 percent with global trends and a strong local currency taking the edge off domestic inflation and thus making rate increases
