Albania launches 0% interest home loans for public sector employees

In a move aimed at bolstering its public sector workforce, Albania has introduced a new initiative offering 0% interest loans to 300 public administration employees for home purchases.

Why is this relevant

The initiative comes amidst Albania’s ongoing efforts to revitalize its public administration, addressing workforce shortages across both public and private sectors.

The decision to support public administration professionals aims to make public employment more attractive. This initiative is part of Albania’s broader efforts to boost employee welfare, following the government’s decision last year to establish a new minimum wage and increase salaries across all administrative sectors.

During the selection of beneficiaries, special attention will be given to priority employment sectors such as education, healthcare, security, defense, agriculture, and the arts.

These quotas will be annual, funded by the state budget, and were approved during a recent government meeting.