TIRANA, July 21, 2024 – About 112 millions of euros aimed at helping Albanian farmers prepare for being part of the European Union have been suspended indefinitely due to prior misuse of the similar funds by Albanian government agencies, parliament
TIRANA, July 4, 2024 – The Bank of Albania has shifted direction for the first time since March 2022, easing its monetary policy by reducing the key interest rate by 0.25 percentage points. The Supervisory Council of the Bank of
TIRANA, May 29, 2024 – Demand for coastal properties in Albania has surged by 20-30 percent compared to last year, according to the Albanian Builders Association. Key areas like Vlora, Palasa and Saranda are particularly popular, with 40 percent of
TIRANA, May 26, 2024 – An Albanian court has ordered the arrest of several individuals in connection with a credit collections scheme that allegedly defrauded thousands of citizens. According to the prosecution, a non-banking lender and collection enforcement companies orchestrated
TIRANA, May 11, 2024 – It’s the bright spot in Albania’s image: the country is currently seeing a boom in international tourist visits. But most foreign tourists are spending too little money and their input has not been enough to
Albanian businesses and individuals have for years complained that bank transfers — both domestic and international — are costly and slow. SEPA membership would help solve the problem. TIRANA, Apr. 30, 2024 – Albania has started procedures to join the
TIRANA, March 26, 2024 – The Standard & Poor’s (S&P) credit rating agency, one of the three largest in the world, has upgraded Albania’s long-term sovereign credit rating by one notch, pushing it for the first time into ‘BB-‘ from
TIRANA, March 28, 2024 – Money sent home by Albanians working abroad saw a significant increase in 2023, reaching the highest historical level since 2008, according to the latest data reported by Albania’s central bank. Remittances were almost 930 million
TIRANA, March 16, 2024 – U.S.-based company Affinity Partners, led by Jared Kushner, the influential son-in-law of former President Donald Trump, aims to undertake two major tourism projects in Albania, along with another in Belgrade, with a combined value that
By JERINA ZALOSHNJA-RAKIPI ROME, Feb. 7, 2024 – After years of negotiations, Albania and Italy have signed a long-awaited deal on recognizing each other’s social insurance contributions, which will benefit more than 500,000 Albanian residents in Italy and any Italians
