Today: Oct 22, 2025

EC: Albania’s narcotics business generates €260 mln annually

2 mins read
9 years ago
Change font size:

TIRANA, Nov. 24 – The narcotics business in Albania, which has thrived nationwide even after a mid-2015 police crackdown on the notorious marijuana growing Lazarat village, has a much higher share to the GDP compared to leading EU members, the European Commission warns in its latest progress report on Albania. The Commission estimates illicit proceeds of narcotics in Albania is equal to 2.6 percent of the GDP, about €260 million, only slightly lower compared to the 2.9 percent of the GDP the Albanian government plans to spend on the key health sector for 2017. “According to specialized UN bodies, profits…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Latest from Business & Economy