Why is this important: Tourism has become one of Albania’s key economic drivers, fueling business growth and job creation. The increase in employment and wages in hospitality and food services underscores the sector’s role in improving livelihoods.

Why is this important: The agreement allows Albanian and Italian citizens to combine their years of contributions in both countries to qualify for pensions. The data exchange between the Albanian Social Security Institute (ISSH) and Italy’s INPS will be automatic, reducing administrative costs. This ensures that thousands of workers who previously did not meet the minimum contribution years can now claim their rightful pensions.

Why is this important: The steady decline in non-performing loans signals stronger financial health in both businesses and households. It also reflects the positive impact of monetary policies, such as the 2.75% base interest rate cut implemented by the Bank of Albania. These developments contribute to greater confidence in the country’s banking system and economic stability.

Why is this important: The agreement marks the fulfilment of a long fought for demand by Albanian emigrants, as well as a promise by the Rama Government. It provides financial security for approximately 500,000 Albanian emigrants in Italy and 4,000 Italian citizens living in Albania, including business owners. Workers will now be able to apply for pensions in both countries, based on the total years of contributions paid. This measure ensures that individuals who have worked in both nations will not lose their rights to retirement benefits, even if they have not met the minimum contribution years in one single country. Coming on the eve of the elections, the agreement could potentially influence the vote of migrants who will vote for the first time in the May 11 elections.

Why is this important: The ADB will bridge the financing gap faced by new businesses and startups, which often struggle to secure loans due to a lack of credit history and collateral. Commercial banks typically avoid high-risk lending, making it difficult for innovative ventures to access capital. By providing tailored financial solutions, the ADB will help stimulate entrepreneurship, job creation, and economic diversification, while also aligning Albania with global sustainability trends.