Business & Economy - Page 5

Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks

A recent scandal involving 10 tons of pesticide-laden mandarins distributed across Albania has once again exposed the country’s weak enforcement of food safety regulations and broader rule-of-law challenges. As Albania progresses in

2 months ago

3 mins read

Business & Economy·News

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

TIRANA, Jan. 16, 2025 – Albania, Italy and the United Arab Emirates have signed a trilateral agreement to develop renewable energy infrastructure, marking a €1 billion investment to produce and share solar,

3 months ago

2 mins read

Business & Economy·Main·News

Kushner granted ‘strategic investor’ status for Sazan development ahead of Trump’s inauguration

TIRANA, Jan. 16, 2025 – Albania has officially approved Jared Kushner’s ambitious plans to transform the uninhabited Sazan Island into a luxury eco-resort. The Albanian government’s Strategic Investments Committee granted strategic investor

3 months ago

6 mins read

Albania’s economy grew by 4.8% in Q4, beating expectations

Business & Economy

TIRANA, April 1, 2023 – Albania, the Gross Domestic Product (GDP) increased by 4.84 percent compared to the previous year, the Institute of Statistics said in its publishing of data on economic

2 years ago

1 min read

Albania’s central bank raises key rate by 0.25%

Business & Economy·News

TIRANA, March 23, 2023 – Albania’s central bank has raised its key interest rate by another quarter of a percentage point in its attempt to fight inflation, the Bank of Albania governor

2 years ago

2 mins read

As number of young workers declines, over 65s working at higher rates

Business & Economy

TIRANA, March, 25, 2023 – While Albania’s employment indicators have improved year over year, since 2020, the number of employed people is decreasing in the younger population groups, while it is increasing

2 years ago

2 mins read

Wage hikes in private sector outpacing public increases as Albania’s businesses struggle with retention

Business & Economy·News

TIRANA, March 20, 2023 – Albania’s private sector salaries are increasing and doing so at a higher rate than public sector ones, as businesses struggle to retain workers competing with migration and

2 years ago

2 mins read

Green for growth fund to invest in landmark renewable energy project in Albania

Business & Economy

TIRANA, March 11, 2023 – The Green for Growth Fund (GGF) has announced a EUR 28 million loan to fund a landmark transaction with SPV Blue 1 in Albania. The privately owned

2 years ago

5 mins read

Most of the highway has already been built in Albania and Kosovo with taxpayer funds, like the Rruga e Kombit section seen here, but there are sections that could use improvements or be built from scratch in all three countries, particularly in Serbia.

North Macedonia signs €1.3 bln deal to build new highways, including key corridor to Albania

Business & Economy·News

TIRANA, March 9, 2023 – North Macedonia’s government has signed a deal with the Bechtel Enka consortium for the construction of parts of European highway corridors 8 and 10, totaling 110 kilometers.

2 years ago

2 mins read

Albania - Germany government leaders meeting in Berlin. (Photo: Screen Grab/PDP)

Concern over Albania losing doctors to Germany highlighted as leaders meet

Business & Economy·Features·Main·News

TIRANA, March 8, 2023 – The emigration of medical professionals from Albania to Germany, which has led to public concern and criticism of the Albanian government, has now become for the first

2 years ago

4 mins read

Faced with inflation and manpower shortage, Albania’s gov’t moves to increase wages

Business & Economy·Main

TIRANA, March 1, 2023 – Albania’s government has announced it is increasing the country’s monthly minimum wage to 40,000 leks (347 euros) and increasing all military wages across board by 7 percent.

2 years ago

2 mins read

Individuals abroad sending 1 billion euros annually to Albania, latest Eurostat data shows

Business & Economy·Features·Main·News

TIRANA, Feb. 23, 2022 – About 1 billion euros were sent to Albania by individual residents in 2021, according to the latest complete set of data published by Eurostat, with most of

2 years ago

2 mins read

Highest court rules price control boards are unconstitutional

Business & Economy·Main

TIRANA, Feb. 23, 2023 – Albania’s Constitutional Court ruled Wednesday against the government’s decision to establish a price control board on food basics, a decision that is likely to impact the fuel

2 years ago

2 mins read

Albanian coffee shop chains expand globally as Mulliri opens up in Cairo

Business & Economy

TIRANA, Feb. 22, 2023 – Chains of coffee shops in Albania are a phenomenon of the past decade but the domestic brands have matured enough to expand in the region, where it

2 years ago

1 min read

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Business & Economy - Page 5

Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

Kushner granted ‘strategic investor’ status for Sazan development ahead of Trump’s inauguration

Albania’s economy grew by 4.8% in Q4, beating expectations

Albania’s central bank raises key rate by 0.25%

As number of young workers declines, over 65s working at higher rates

Wage hikes in private sector outpacing public increases as Albania’s businesses struggle with retention

Green for growth fund to invest in landmark renewable energy project in Albania

North Macedonia signs €1.3 bln deal to build new highways, including key corridor to Albania

Concern over Albania losing doctors to Germany highlighted as leaders meet

Faced with inflation and manpower shortage, Albania’s gov’t moves to increase wages

Individuals abroad sending 1 billion euros annually to Albania, latest Eurostat data shows

Highest court rules price control boards are unconstitutional

Albanian coffee shop chains expand globally as Mulliri opens up in Cairo

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Will any other Western Balkans country join the Single Euro Payments Area (SEPA) on the same day as Montenegro?

Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection

Kushner granted ‘strategic investor’ status for Sazan development ahead of Trump’s inauguration

Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks

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Albania joins SEPA, marking tangible step in economic integration with the EU

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EU agriculture funds for Albania suspended indefinitely following misuse investigation, ministry tells parliament

Albania’s TikTok ban draws debate

A Rising Tide Lifts Empty Boats

Farewell, Pope Francis

Trump’s New Tariffs and Their Impact on Albania and the Western Balkans

Albania Turns to Filipino Workers as Emigration Crisis Drains Domestic Labor Force