Albania's economy continues to strengthen thanks to rising domestic demand, large energy-related foreign direct investment (FDI), and a recovery in key European Union (EU) trading partners, Executive Board of the International Monetary Fund (IMF) said.

December15,2017

The Albanian government has partially exempted small businesses from value-added tax (VAT), Finance Minister Arben Ahmetaj told reporters Tuesday.

October25,2017

Foreign direct investments in Albania went downwards in the first half of this year, being far from the levels recorded in the second half of last year, the Bank of Albania (BoA) said Monday.

September12,2017

Albania's domestic energy production fell to 3,012 gigawatthours (GWh) in the first half of 2017, down from 4.066 GWh generated during the same period last year, the Albanian statistics office, INSTAT, informed Thursday.

September01,2017

The confidence indicator (ECI) in Albanian economy marked 111.4 in the second quarter of 2017, down by 9.7 points compared with Q1, the Bank of Albania (BoA), the country's central bank, said Monday in its business and consumer confidence survey.

July11,2017

In the last two years, there has been increasing interest from Chinese companies to invest in Albania and based on such growing interest, Albania could become a "focal point" in the Western Balkans for Chinese investments, whether public

April12,2017

The Albanian government decided Thursday to cut the value added tax for the sector of tourism from the current level of 20 percent to only 6 percent as a way to boost investments in this sector and formalize it, the cabinet said.

April07,2017

Consumer loans continue to be one of the healthiest segments of lending in the Albanian banking sector, a study published by the Bank of Albania showed Monday.

March07,2017

Consumer loans continue to be one of the healthiest segments of lending in the Albanian banking sector, a study published by the Bank of Albania showed Monday.

March07,2017

Albania and the International Monetary Fund (IMF) have successfully concluded a three-year program aimed at restoring the country's economic growth and controlling the rapidly rising public debt, Albanian economy minister Arben Ahmetaj said Wednesday.

March02,2017

Albania looks to receive a tranche of 77.6 million U.S. dollars from the International Monetary Fund (IMF), local media reported on Sunday.

February27,2017

Albania's EU-harmonized consumer price inflation rose 4 percent year on year in January from a year ago, official data revealed Wednesday.

February23,2017

The main problems that foreign investors encounter in Albania are related to courts, corruption, frequent changes to legislation and tax procedures as well as informality, the business climate survey 2016 showed Thursday.

February17,2017

The Albanian ministry of economic development and tourism has approved a two-year strategy for the sector of tourism under which the Albanian government will spend around 1.27 million U.S. dollars in standardizing the tourism sector, official sources conf

February14,2017

The Albanian parliament on Tuesday adopted the loan agreement between the government and the International Bank for Reconstruction and Development (IBRD) on the development of tourism sector.

February08,2017

The flow of foreign direct investments in Albania has maintained an upward positive trend in the last years, Albanian Investment Development Agency (AIDA) said Sunday in a press release.

February06,2017

The Albanian Ministry of Energy and Power Distribution Operator (OSHEE) on Friday presented new regulation on procedures for purchasing electricity to cover losses in networks of distribution and transmission.

February04,2017

The current agreement between the Albanian government and the International Monetary Fund (IMF) will end in February but Albania's financial obligations to IMF will continue till 2031, local Scan Tv reported Thursday.

January20,2017