Business & Economy - Page 2

Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks

A recent scandal involving 10 tons of pesticide-laden mandarins distributed across Albania has once again exposed the country’s weak enforcement of food safety regulations and broader rule-of-law challenges. As Albania progresses in

2 months ago

3 mins read

Business & Economy·News

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

TIRANA, Jan. 16, 2025 – Albania, Italy and the United Arab Emirates have signed a trilateral agreement to develop renewable energy infrastructure, marking a €1 billion investment to produce and share solar,

3 months ago

2 mins read

Business & Economy·Main·News

Kushner granted ‘strategic investor’ status for Sazan development ahead of Trump’s inauguration

TIRANA, Jan. 16, 2025 – Albania has officially approved Jared Kushner’s ambitious plans to transform the uninhabited Sazan Island into a luxury eco-resort. The Albanian government’s Strategic Investments Committee granted strategic investor

3 months ago

6 mins read

Bank of Albania shifts policy, cutting key rate by 0.25% to 3%

Business & Economy

TIRANA, July 4, 2024 – The Bank of Albania has shifted direction for the first time since March 2022, easing its monetary policy by reducing the key interest rate by 0.25 percentage

10 months ago

2 mins read

Property prices on Albanian coast soar, partially driven by foreign buyers

Business & Economy·Main

TIRANA, May 29, 2024 – Demand for coastal properties in Albania has surged by 20-30 percent compared to last year, according to the Albanian Builders Association. Key areas like Vlora, Palasa and

11 months ago

2 mins read

Credit collections scheme leads to arrests, license suspensions

Business & Economy·Main·News

TIRANA, May 26, 2024 – An Albanian court has ordered the arrest of several individuals in connection with a credit collections scheme that allegedly defrauded thousands of citizens. According to the prosecution,

11 months ago

1 min read

Tourism boom not translating into into higher overall consumption, data shows

Business & Economy·News

TIRANA, May 11, 2024 – It’s the bright spot in Albania’s image: the country is currently seeing a boom in international tourist visits. But most foreign tourists are spending too little money

12 months ago

2 mins read

Bank of Albania moves to apply for SEPA membership

Business & Economy·News

Albanian businesses and individuals have for years complained that bank transfers — both domestic and international — are costly and slow. SEPA membership would help solve the problem. TIRANA, Apr. 30, 2024

12 months ago

5 mins read

Albania’s sovereign credit rating upgraded by major int’l agency

Business & Economy

TIRANA, March 26, 2024 – The Standard & Poor’s (S&P) credit rating agency, one of the three largest in the world, has upgraded Albania’s long-term sovereign credit rating by one notch, pushing

1 year ago

2 mins read

Reflecting renewed emigration wave, remittances to Albania reached record high in 2023

Business & Economy·News

TIRANA, March 28, 2024 – Money sent home by Albanians working abroad saw a significant increase in 2023, reaching the highest historical level since 2008, according to the latest data reported by

1 year ago

1 min read

Trump’s son-in-law plans major investment in Sazan, Albanian gov’t confirms

Business & Economy·Main·News

TIRANA, March 16, 2024 – U.S.-based company Affinity Partners, led by Jared Kushner, the influential son-in-law of former President Donald Trump, aims to undertake two major tourism projects in Albania, along with

1 year ago

6 mins read

Albania signs long-awaited social insurance deal with Italy

Business & Economy·News

By JERINA ZALOSHNJA-RAKIPI ROME, Feb. 7, 2024 – After years of negotiations, Albania and Italy have signed a long-awaited deal on recognizing each other’s social insurance contributions, which will benefit more than

1 year ago

5 mins read

From exile, Albania’s ex deputy PM alleges massive corruption at top of SP leadership

Business & Economy·Main·News

TIRANA, Feb. 6, 2024 – In an lengthy television interview from exile in Switzerland, Albania’s former deputy prime minister, Arben Ahmetaj, has made startling accusations of massive corruption at the top of

1 year ago

11 mins read

Albanian saw quality of life stagnate as rest of region improved, according to EBRD report

Business & Economy

TIRANA, Jan. 31, 2024 – A recent report by the European Bank for Reconstruction and Development (EBRD) has highlighted a stark contrast in the perception of quality of life between Albania and

1 year ago

1 min read

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Business & Economy - Page 2

Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

Kushner granted ‘strategic investor’ status for Sazan development ahead of Trump’s inauguration

Bank of Albania shifts policy, cutting key rate by 0.25% to 3%

Property prices on Albanian coast soar, partially driven by foreign buyers

Credit collections scheme leads to arrests, license suspensions

Tourism boom not translating into into higher overall consumption, data shows

Bank of Albania moves to apply for SEPA membership

Albania’s sovereign credit rating upgraded by major int’l agency

Reflecting renewed emigration wave, remittances to Albania reached record high in 2023

Trump’s son-in-law plans major investment in Sazan, Albanian gov’t confirms

Albania signs long-awaited social insurance deal with Italy

From exile, Albania’s ex deputy PM alleges massive corruption at top of SP leadership

Albanian saw quality of life stagnate as rest of region improved, according to EBRD report

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Will any other Western Balkans country join the Single Euro Payments Area (SEPA) on the same day as Montenegro?

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

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Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks

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