Why does it matter: This project is crucial because it addresses one of the biggest challenges faced by rural businesses: access to finance. In many cases, traditional banks are hesitant to provide loans to small enterprises, particularly in rural areas where risks are perceived to be higher. By focusing on these underserved sectors, the microfinance project is enabling small businesses to grow and create jobs. It is also playing a key role in modernizing the financial sector and making it more accessible to those who need it most.

Why is this relevant

The 70% increase in Airbnb listings in Tirana reflects a significant shift in the housing market, driven by a booming tourism industry. This surge not only impacts rental prices but also signals a potential shift in how properties are used and managed. With more properties entering the short-term rental market, long-term rental availability could decrease, potentially driving up prices for local residents. Additionally, this growth underscores the need for formal regulation to ensure fair taxation and maintain standards within the rental market. By mandating tax identification numbers (NIPTs) for property owners, the government aims to integrate this sector into the formal economy, allowing property owners to benefit from favorable tax policies and ensuring that the economic benefits of tourism are equitably distributed.

Why is this relevant

Shota marks Albania’s debut in armored military vehicle production in line with Government initiatives aimed at fostering the domestic military industry.

Why is this relevant

Shortages of skilled seasonal workers for bars, restaurants, hotels and resorts, are rapidly reaching crisis points for Albanian hospitality and tourism operators, at a time when the sectors are booming and playing a vital role in propelling Albania’s economy and GDP growth.