Why does it matter: The Albanian economy is at a crucial juncture, with domestic demand and tourism acting as twin pillars of growth. Investment in tourism infrastructure and competitive pricing are expected to sustain the sector’s upward trajectory, contributing significantly to GDP. Meanwhile, rising wages are set to bolster private consumption, further driving economic activity. However, the IMF warns that broader global and domestic challenges could hinder progress, emphasizing the need for targeted policies and structural reforms.

Why is this important: For nearly 60 years, the National Library, Albania’s most important institution for preserving the country’s cultural memory has been housed in the Palace of Culture. The National Library has faced significant challenges due to inadequate space and outdated infrastructure, which have made preserving its vast collection increasingly difficult. The new project promises to provide a modern and functional solution.

Why is this important: Elbasan Fortress, a symbol of the city’s rich history, has long suffered from neglect. The revitalization project, spearheaded by AADF in partnership with the Albanian government, aims to replicate the success seen in other cities like Tirana, Korça, Vlora, Pogradec, Berat and Kruja. These initiatives have not only restored historical landmarks but have also boosted local economies by fostering tourism and creating sustainable management models.

Why is this important: According to the government the reduction directly benefits the overwhelming majority of Albanian households. Of the total 1,070,000 household contracts, 95% fall within the 0–700 kWh consumption bracket, meaning the vast majority of families will see lower bills. This move provides much-needed relief at a time when energy prices across Europe remain volatile and rising.

Why does it matter: The Porto Romano port project is a response to Albania’s growing need for updated infrastructure capable of meeting international trade demands. The new port is strategically positioned to serve not only Albania but also neighboring landlocked countries like Kosovo and North Macedonia. Its development could significantly reduce shipping costs and bolster regional trade and economic integration. Its importance lies not only in its potential to boost Albania’s trade capacity but also in its role as a catalyst for economic integration in the Balkans, a region long characterized by fragmented economies.