TIRANA, Feb. 6, 2024 – In an lengthy television interview from exile in Switzerland, Albania’s former deputy prime minister, Arben Ahmetaj, has made startling accusations of massive corruption at the top of the country’s ruling Socialist Party, involving misuse of
TIRANA, Jan. 31, 2024 – A recent report by the European Bank for Reconstruction and Development (EBRD) has highlighted a stark contrast in the perception of quality of life between Albania and other countries in Southeast Europe and the Western
TIRANA, Jan. 24, 2024 – Europe’s largest airline, low-cost Irish carrier Ryanair, is doubling down in Albania with six new direct destinations to complement its existing 16 and the announcing of plans to open a base in Tirana as early
TIRANA, Jan. 24, 2024 – The Albanian government has had to pump millions of euros to keep afloat Albcontrol, the state-owned company responsible for air navigation services in Albanian airspace, as its foreign accounts have been frozen by the order
TIRANA, Jan. 14, 2024 – A potential deepening demographic crisis due to the increased emigration of young people is one of the top economic risks Albania faces, according to the head of the European Bank for Development in Albania EBRD’s
TIRANA, Dec. 14, 2023 – Reflecting renewed emigration, remittances to Albania during 2022 saw a significant increase, reaching the highest levels of the past decade, data released by Eurostat this week reveals. According to Eurostat, remittances exceeded €1.2 billion in
TIRANA, Nov. 15, 2023 – The European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) are investing €14.6 million on a project aimed at improving waste management in Albania. The “EU for Circular Economy and Circular
TIRANA, Nov. 6 – The United Nations World Tourism Organization (UNWTO) has revealed that Albania secured the third position globally in terms of tourism sector growth during the first seven months of 2023, compared to the same period in 2019.
TIRANA, Nov. 2, 2023 – Albania’s central bank supervisory council has announced another hike in Bank of Albania’s key interest rate, up by 0.25 percentage points, bringing it to a rate of 3.25 percent. Inflation has seen a declining trend
TIRANA, Oct. 29 – Albania’s recent removal from the Financial Action Task Force (FATF) gray list of countries grappling with money laundering deficiencies has garnered cautious optimism, with financial experts emphasizing the need for continued vigilance. The decision, made by
