TIRANA, Oct 17 – On the world day against poverty Tuesday the latest figures from the Albanian Institute of Statistics (INSTAT) showed that more than one-fourth of Albanians lived on less than $50 a month and 5 percent could not afford to have food. Rich families in Albania are 12 times richer than their poorer counterparts, a number at least 5 times higher than in the developed countries. On the World Day Against Hunger the Consumer Advocacy Office organized an event to request concrete measures from the government in addressing the poverty issue. Altin Goxhaj said that Albania lacks the concept of a minimum living standard and that no figure has been determined so far that could serve as an analytical tool in designing steps to improve the situation. Prime Minister Sali Berisha has said that the new 2007 budget would specifically address poverty. (Tirana Times Staff)
Poverty level at 30%
Change font size:
Recommended Articles
Latest from Business & Economy
How a Sanctioned Russian Oligarch’s Business Interests Reached Albanian Public Contracts
Change font size: - + Reset Millions of euros flowed to companies linked to Strabag while Oleg Deripaska remained a major shareholder, exposing gaps in Albania’s ability to identify who ultimately benefits
16 hours ago
8 mins read
Albania’s Cash Boom Raises Money Laundering Concerns
Change font size: - + Reset Cash outside Albania’s banking system reached a record 5.6 billion euros, last month. Tirana Times, August 30, 2026 – The amount of cash circulating outside Albania’s
3 weeks ago
5 mins read
Vlora Airport Heads to Arbitration
Change font size: - + Reset Albania faces another potentially costly international dispute after losing several arbitration cases in recent years that have exposed the state to hundreds of millions of euros
1 month ago
4 mins read
Concrete, Cocaine and Corruption: Albania’s Fragile Growth Model
Change font size: - + Reset Albania’s Concrete Economy: How Construction Became the Country’s Dominant Growth Model Tirana Times, July 10, 2026 – A booming construction sector has made Albania an outlier
2 months ago
7 mins read
Austria Leads FDI, but Real Estate Tells the Bigger Story
Change font size: - + Reset Bank of Albania data show Austria topping first-quarter foreign investment flows, while property and construction continue to shape Albania’s FDI model. Tirana Times June 25, 2026
3 months ago
4 mins read