Business & Economy - Page 4

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

OTP Bank Albania wins Euromoney 2023 award as ‘The Best Bank in Albania’ for the fourth year in a row, strengthening its position as a leading financial institution in the banking industry

Business & Economy·Features·Special

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,

2 years ago

2 mins read

Albania sees unprecedented tourism boom ahead of high season

Business & Economy·Main·News

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

2 years ago

4 mins read

OTP Bank Albania: Establishing a firm foundation to serve Albania’s dynamic economy and society

Business & Economy·Features·Main·Special

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

2 years ago

8 mins read

Bank of Albania keeps key rate unchanged as record strength of local currency helps curb inflation, puzzling experts

Business & Economy·Main·News

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

2 years ago

5 mins read

Albania and region need to diversify renewable sources to have energy security, experts say

Business & Economy·Main·News

TIRANA, April 28, 2023 – Albania needs to diversify its investments in renewable energy beyond weather-dependent hydroelectric generation to ensure its energy security, according to experts at a forum organized by the

2 years ago

4 mins read

Albanian currency’s record strength against euro has winners and losers tally outcomes

Business & Economy·News

TIRANA, April 26, 2023 – Albania’s currency, the lek (ALL) is seeing unprecedented strength against the common European currency (EUR) this week, part of a trend with all major foreign currencies. The

2 years ago

3 mins read

What do Albania’s upcoming municipal elections mean for foreign investors?

Business & Economy·Features·Main·Premium

NEWS ANALYSIS TIRANA, April 19, 2023 – Albania’s political parties have started campaigning across the country for the upcoming May 14 municipal elections, which will determine the mayors and municipal council members

2 years ago

7 mins read

Faced with corruption and unpredictable tax system, top business associations demand comprehensive reforms

Business & Economy

TIRANA, April 12, 2023 – Doing business in Albania is hard as the economic “environment is inefficient and requires significant improvement,” five chambers of commerce in Albania, including those representing American, German,

2 years ago

3 mins read

Concerns raised as Tirana mulls exiting ICSID over Becchetti affair €120-million judgement

Business & Economy·Main·Premium

TIRANA, April 11, 2023 – With Albania’s government losing its final appeal to reverse a €120-million penalty in the Francesco Becchetti affair case earlier this month, Tirana is mulling exiting the jurisdiction

2 years ago

8 mins read

PM pitches large public sector wage increases, leading to concern over costs, political use

Business & Economy·Main·News

TIRANA, April 8 – Albania’s government is preparing to approve large wage increases in the public sector that could lead to the average salary going up 60 percent by 2024, Prime Minister

2 years ago

3 mins read

Through regional networking, Western Balkans businesses are preparing for the European Union market

Business & Economy

By DEJAN AZESKI SKOPJE, March 31, 2023 – Improving infrastructure, solving barriers that exist to speed up the flow of goods and services, establishing a joint airline that will connect the region, solving

2 years ago

6 mins read

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Business & Economy - Page 4

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

OTP Bank Albania wins Euromoney 2023 award as ‘The Best Bank in Albania’ for the fourth year in a row, strengthening its position as a leading financial institution in the banking industry

Albania sees unprecedented tourism boom ahead of high season

OTP Bank Albania: Establishing a firm foundation to serve Albania’s dynamic economy and society

Bank of Albania keeps key rate unchanged as record strength of local currency helps curb inflation, puzzling experts

Albania and region need to diversify renewable sources to have energy security, experts say

Albanian currency’s record strength against euro has winners and losers tally outcomes

What do Albania’s upcoming municipal elections mean for foreign investors?

Faced with corruption and unpredictable tax system, top business associations demand comprehensive reforms

Concerns raised as Tirana mulls exiting ICSID over Becchetti affair €120-million judgement

PM pitches large public sector wage increases, leading to concern over costs, political use

Through regional networking, Western Balkans businesses are preparing for the European Union market

Most Viewed

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

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

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

Qatar Square to serve as Tirana’s newest hub and vital part of New Boulevard project

Albania joins SEPA, marking tangible step in economic integration with the EU

EU agriculture funds for Albania suspended indefinitely following misuse investigation, ministry tells parliament

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

Albania’s TikTok ban draws debate

A Rising Tide Lifts Empty Boats

Trump’s New Tariffs and Their Impact on Albania and the Western Balkans

Albania Turns to Filipino Workers as Emigration Crisis Drains Domestic Labor Force

United Arab Emirates ‘s Expanding Influence in Albania – Financial and Political Concerns