Economy
The big picture

New National Children’s Cultural Center in Tirana: the largest in the Balkans
Tirana is set to host one of the largest cultural projects in the Balkans with the construction of the new National Children’s Cultural Center near Grand Lake Park. Why is...

Albania sees construction boom with new skyscrapers and power plant approval
The National Council of Territory and Water (KKTU) has approved construction permits for 16 new skyscrapers in Tirana and 8 in Vlora, some reaching up to 47 floors, including the...

Record high remittances from Albanian emigrants in 2024
Albanian emigrants continued to play a significant role in supporting their families and the country’s economy in 2024. According to data from the Bank of Albania, remittances reached a record-breaking...

Italian businesses in Albania complain about labor shortages and currency losses
Italian businesses operating in Albania are raising concerns about a lack of skilled workers and the depreciation of foreign currencies, particularly the euro. At a recent Confindustria Albania conference, companies...

Albania aims to host Formula 1 race in 2030 with completion of Elbasan Automotor Park
Prime Minister Edi Rama has announced the completion of the final project design for the Elbasan Automotor Park, developed in collaboration with a team appointed by Formula 1’s executive director,...

Edi Rama proposes transforming Elbasan’s former Metallurgical Complex into a museum and innovation hub
Prime Minister Edi Rama has unveiled plans to transform the Elbasan Metallurgical Complex into a National Park for Production, Logistics, and Innovative Technology – Made in Albania. The ambitious project...