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World Bank allocates 100 million USD for the Albanian government

By   /  14/03/2017  /  AL Finance, Albania, Finance, Headlines  /  No Comments

The World Bank’s Board of Executive Directors approved a US$100 million Financial Sector Development Policy Loan (DPL) to the Republic of Albania. The policy operation supports reforms aimed at strengthening the resilience of the banking sector and the regulation and supervision of nonbank financial institutions in Albania. Following the 2008 global financial crisis, Albania’s growth […]

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Pay increases or indexation for state administration in Albania?

By   /  09/03/2017  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Pay increases or indexation for state administration in Albania?

On Wednesday, the government announced a decision for an increase in salaries from 7% to 38% for several public service employees. The Council of Ministers decided to increase salaries for public administration employees, several independent institutions, education and healthcare system by 10%. Minister of Finance, Arben Ahmetaj explains: “Salaries for teachers will be 10% and […]

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IBNA Analysis/Economic developments at the focus of Premier Rama

By   /  24/02/2017  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on IBNA Analysis/Economic developments at the focus of Premier Rama

By Edison Kurani The Albanian Prime Minister is trying to “keep his feet on the ground”, while analyzing the economic developments in the country during the last three and a half years, since the left wing came in power. Rama compares several figures with the 8 years in office of the right wing and estimates […]

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1 billion USD worth of investments, PM Rama announced ahead of the elections

By   /  30/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on 1 billion USD worth of investments, PM Rama announced ahead of the elections

A few months before the holding of the 18 June general elections, the socialist PM, Edi Rama says that his government will soon start “a national program of 1 billion USD for reconstruction”. According to Mr. Rama, thanks to this new program and direct investments from the state budget “we will introduce a large volume […]

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Essential that Albania commits to maintaining its momentum of economic reforms, IMF says

By   /  25/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on Essential that Albania commits to maintaining its momentum of economic reforms, IMF says

IMF Reaches Staff-Level Agreement for Completion of Ninth and Tenth Reviews of Albania’s Extended Arrangement Economic program remains on track and has achieved its core objectives of correcting large macroeconomic imbalances and boosting economic growth. Overall, good progress in implementing structural reforms. Essential that Albania commits to maintaining its momentum of economic reforms. An International […]

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Analysis/Confidence of Albanians in the economy grows

By   /  17/01/2017  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Analysis/Confidence of Albanians in the economy grows

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

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

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

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

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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