Hopes for substantive growth rates for Albania were smashed again due to slow progress of the structural reforms, country Central Bank announced on Wednesday. Continue reading Albania Economy Faces Uphill Road to Growth
NEWS 05 NOV 14
Albanians will have to pay more in taxes on tobacco and petrol next year, as well as higher income tax, the draft 2015 budget indicates.
NEWS 29 OCT 14
Albania has launched an operation to stamp out electricity theft, which costs the cash-strapped Balkan country an estimated 150 million euro every year.
News 06 Oct 14
Albania’s GDP fell by 0.6 per cent in the second quarter of 2014, the National Institute of Statistics said, frustrating government expectations of higher growth.
News 07 Oct 14
In a new effort to curb the extensive “grey” informal economy – and boost its own revenues – the Albanian government is planning to launch a new lottery based on receipts for purchases.
Investigation 20 Oct 14
BIRN can reveal that the competition authority is probing claims that Albania’s power utility, OSHEE, colluded with two electricity traders – EFT A.G and GSA – to rig the outcome of import tenders.
News 30 Jul 14
Parliament’s commission on the economy held a hearing on Wednesday with governor Ardian Fullani, following the reported theft of 713 million lek (5 million euro) from the central bank.
Dozens of protesters gathered in front of the central bank to call on governor Ardian Fullani to resign following a record heist from its treasury building.
News 20 Aug 14