Economy & Finance

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Bank of Albania and European Investment Bank join forces for sustainable development

Bank of Albania and European Investment Bank join forces for sustainable development

The Bank of Albania (BoA) has announced a new partnership with the European Investment Bank (EIB) to foster sustainable development and green finance initiatives in Albania. The collaboration was unveiled...
January 23, 2025 -
Economy
Albania extends tax breaks for luxury resorts until 2026

Albania extends tax breaks for luxury resorts until 2026

The Albanian Parliament has approved a new legal initiative to extend tax exemptions for 4 and 5 star resorts affiliated with international brands until the end of 2026. Proposed by...
January 22, 2025 -
Albania
Albania’s energy market to link with Italy through an underwater energy cable

Albania’s energy market to link with Italy through an underwater energy cable

Albania is embarking on a transformative energy project with the construction of an underwater power cable connecting it to Italy, a landmark development in the country’s energy and economic strategy....
January 22, 2025 -
Economy
Western Balkans countries launch ‘WB6 IIP’ to promote regional investments

Western Balkans countries launch ‘WB6 IIP’ to promote regional investments

The six Western Balkans countries—Albania, Kosovo, North Macedonia, Bosnia and Herzegovina, Montenegro, and Serbia—have unveiled a comprehensive platform called ‘WB6 IIP’, designed to streamline investment processes and provide detailed information...
January 14, 2025 -
Economy
A regional instant payment system is set to be established in the Western Balkans

A regional instant payment system is set to be established in the Western Balkans

The Bank of Albania, alongside the Bank of Italy and central banks from Kosovo, Montenegro, and Bosnia and Herzegovina, has signed an agreement to establish a regional instant payment system...
January 14, 2025 -
Economy
IMF projects 3.5% economic growth for Albania in 2025

IMF projects 3.5% economic growth for Albania in 2025

Albania’s economy is projected to grow by 3.5% in 2025, according to the International Monetary Fund (IMF). Anke Weber, IMF’s mission chief for Albania, attributes this growth to robust domestic...
January 14, 2025 -
Economy

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