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Analysis/Confidence of Albanians in the economy grows

By   /  17/01/2017  /  AL Finance, Albania, Finance, Headlines  /  No Comments

ibna2

Last year marked a pessimistic start for many Albanians. They were skeptic on the economic situation in the country. Businesses also had negative expectations. But the second quarter of 2016 changed things. Economic growth was evident and consumption saw an increase. Based on these facts, consumer and business confidence on the economy of the country […]

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Albania is expected to have the biggest economic growth in the Balkans, IMF says

By   /  05/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on Albania is expected to have the biggest economic growth in the Balkans, IMF says

imf

The International Monetary Fund says that the Albanian economy is growing fast and in a progressive way. According to IMF, in 2017, economic growth in Albania will not be lower than 2.7%, making it the country with the highest economic growth in the Balkans. The Albanian economy, which IMF considers as a developing economy, ranks […]

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The new tax changes that enter in force in Albania

By   /  03/01/2017  /  AL Business, AL Finance, Albania, Business, Finance  /  Comments Off on The new tax changes that enter in force in Albania

leke ibna

The new Tax Package has entered in force in January 2017 and this package includes several changes in taxes. In contrast to other years, the 2017 changes are almost insignificant. The government has taken care in order not to increase the tax burden for businesses. New facilitating measures have also been taken for domestic production […]

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Albania is aiming to achieve a 6% economic growth rate starting from 2017

By   /  27/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Albania is aiming to achieve a 6% economic growth rate starting from 2017

ahetaj-ibna

Albania is aiming to reach a 6% economic growth a year. This ambitious declaration has been made by the minister of Finance, Arben Ahmetaj during a meeting held today with journalists to analyze the 2016 performance. Ahmetaj said that economy has made a serious correction and that it has returned into a positive cycle of […]

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IBNA Analysis/Expected outlook on economic and financial developments in Albania

By   /  22/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on IBNA Analysis/Expected outlook on economic and financial developments in Albania

ibna-sejko2

The Supervisory Council of the Bank of Albania reviewed and approved the interim Monetary Policy Report. In conclusion to the discussions on the most recent economic and monetary developments and the expected outlook, the Supervisory Council decided to keep unchanged the monetary policy rate at 1.25%. Additionally, the Supervisory Council decided to keep unchanged the interest rate […]

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Albania, the country with the highest level of NPLs in the Balkans

By   /  19/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Albania, the country with the highest level of NPLs in the Balkans

banks

Albania is considered the country with the highest level of nonperformance loans in the Balkan region. This is revealed in a confidential report that the financial international giant Moody’s has sent to the government of Prime Minister Rama, IBNA reports. The document considers NPLs as a threat to the banking system, as this system is […]

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Albanians prefer to keep their savings at home and not in the bank

By   /  08/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Albanians prefer to keep their savings at home and not in the bank

all-1

A large number of Albanians do not put their savings in the banks and are not yet accustomed to moving them in financial institutions. Among them dominate Albanians who do business, mainly trade. The majority of them do not keep their money in the bank, but at home. IBNA has looked into this phenomenon and has […]

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2017 budget approved in principle after a 16 hour marathon session in parliament

By   /  02/12/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on 2017 budget approved in principle after a 16 hour marathon session in parliament

ibna-parliament

Next year’s budget is voted only by the majority, opposition boycotts The parliamentary session, where the 2017 state budget was approved in principle, lasted for more than 16 hours. This session turned into a parliamentary marathon, where a part of it was accompanied by debates, while the rest was accompanied by speeches that saw a […]

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Credit Suisse: Total wealth of the Albanian people is 21 billion USD

By   /  23/11/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Credit Suisse: Total wealth of the Albanian people is 21 billion USD

global-wealth

The 2016 Global Wealth Report has been published by the Credit Suisse Research Institute The total value of the wealth of Albanian people is 21 billion USD, says the last report issued by Credit Suisse on the global wealth for 2016. The Global Wealth Report 2016 points out that the financial wealth and assets for […]

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Analysis/ Modest growth in Europe and Central Asia amidst growing polarization, says World Bank Report

By   /  22/11/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Analysis/ Modest growth in Europe and Central Asia amidst growing polarization, says World Bank Report

world-bank-web

There will be a modest increase in GDP growth in 2016 for countries in the Europe and Central Asia (ECA) region. Low oil and other commodity prices in the eastern half of the region, a decline in investment rates in the European Union, and ongoing structural challenges in all countriesare hampering growth in the region […]

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