Today: Jun 17, 2026
Subscribe
Login

Construction affected by the world crisis

by
1 min read
17 years ago
Change font size:

TIRANA, Jan 20 – Construction in Albania appears to be responding to the negative effects of the world crisis.
Construction is one of the main sectors in the country, responsible for 23 percent of the country’s GDP. However, those in the construction industry now lack funds for projects. This has been caused, largely, by an inability to obtain financing from the nation’s banks.
Further harming the industry has been the fall in demand for new apartments.

Latest from Business & Economy

The Chief Executive Officer of OTP Bank Albania, Mr. Bledar Shella, described this investment as a reflection of the bank’s vision to build long-term and sustainable relationships with its clients.

OTP Bank Albania inaugurates new Private Banking premises in Tirana

Change font size: - + Reset Tirana Times, May 18, 2026 – OTP Bank Albania has inaugurated new premises dedicated to the Private Banking segment, unveiling an exclusive space designed for clients
1 month ago
2 mins read
Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

Building a Trusted Health Tourism Ecosystem: Albania’s Next Competitive Advantage

·
Change font size: - + Reset by Professor Alaa Garad Tirana Times, March 17, 2026 – There are countries you visit, and there are countries you remember. Albania is rapidly becoming the
3 months ago
7 mins read
Subscribe
Login