Today: Apr 27, 2025

Albania’s Economy – 30 Years After

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3 years ago
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By Franz-Lothar Altmann Since its start as an independent sovereign state Albania has tried several different models of how to organize the state. With the Declaration of Independence in 1912 the Great Powers had established Prince Wilhelm zu Wied as first sovereign, but  he had to leave the country in 1914 due to the outbreak of the first World War, so that only in 1920 the build up of the state could in fact start. However, the Democracy experiment was not able to develop in the 1920s, the “democratic revolution” of Bishop Fan Noli in 1924 was soon swept away…

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