Why is this important: Credit ratings are closely monitored by international investors, financial institutions, and development partners. The upgrade is expected to improve Albania’s access to international financing and reduce borrowing costs, while also strengthening its macroeconomic credibility ahead of the May 2025 parliamentary elections.

Why is this important: The “Mountain Package” provides tax incentives for rural businesses, particularly for Albanians in the diaspora who want to invest in family lands. Additionally, a €250 million loan fund with government-backed sovereign guarantees will facilitate access to low-interest agricultural loans. The government also plans to establish the Albanian Development Bank to finance projects that commercial banks typically avoid.

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.