Economy & Finance

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IMF warns over strong lek and real estate credit risks in Albania

IMF warns over strong lek and real estate credit risks in Albania

The International Monetary Fund has flagged the overvaluation of the Albanian Lek as a growing risk to the country’s economic development and to investor confidence. In its latest review, the...
April 16, 2025 -
Business
February sees 30% jump in hotel visitors, with strong growth in foreign tourism

February sees 30% jump in hotel visitors, with strong growth in foreign tourism

Albania recorded a notable increase in both the number of hotel visitors and overnight stays in February 2025, compared to the same month a year earlier, according to the country’s...
April 16, 2025 -
Business
Non-performing loans in Albania drop to historic low of 4%

Non-performing loans in Albania drop to historic low of 4%

Non-performing loans (NPLs) in Albania’s banking sector have hit their lowest level in two decades. According to new data from the Bank of Albania, the NPL rate fell to 4.06%...
April 10, 2025 -
Economy
Albania and Italy launch joint naval defense venture at Port of Durrës

Albania and Italy launch joint naval defense venture at Port of Durrës

State-owned Albanian defense company KAYO and Italian shipbuilding giant Fincantieri have signed an agreement to create a joint venture focused on naval military production. The deal was formalized at the...
April 9, 2025 -
Albania
Record high remittances from Albanian emigrants in 2024

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...
March 31, 2025 -
Economy
Italian businesses in Albania complain about labor shortages and currency losses

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...
March 28, 2025 -
Business

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