Why does it matter: The reimbursement of tax installments paid by self-employed professionals addresses the financial concerns of approximately 6,450 taxpayers, who had to pay the 15% tax, prior to the decision by the Constitutional Court. Many self-employed professionals, such as lawyers, architects, and doctors, faced undue financial strain from the tax, and its removal supports the middle class while reinforcing constitutional principles of fairness and proportionality.

Why does it matter: Albania’s SEPA membership is going to eliminate cross-border transaction fees for payments in euros. Businesses and individuals can now make and receive euro payments with the same convenience and cost as within the EU, a leap forward in fostering economic ties with Europe. Albania’s inclusion in SEPA offers significant financial savings for residents, tourists, and the diaspora by eliminating fees on euro transactions, reducing remittance costs, and streamlining cross-border payments for greater convenience and affordability.

Why is this important: This is the 11th budget crafted by the Socialist Party during their three governing terms, marking a significant milestone in fiscal planning. The opposition, however, criticized the budget, claiming it neglects pension and wage increases and offers insufficient support to vulnerable groups.

Why does it matter: These agreements are crucial for Albania’s energy diversification and sustainability goals. By collaborating with SOCAR, Albania seeks to introduce natural gas infrastructure to the city of Korca, as a way of enhancing energy security and lowering energy costs. The partnership with Masdar aligns with global trends toward renewable energy, positioning Albania as a proactive participant in the transition to sustainable energy solutions.

Why does it matter: Agriculture remains a cornerstone of Albania’s economy, employing a significant portion of the workforce and contributing to the country’s exports. However, the sector faces challenges such as climate change, fragmented operations, migration and the need for modernization. The 2025 budget is strategically designed to try to address these issues by encouraging innovation, improving irrigation infrastructure, and introducing schemes that promote collaboration among farmers and businesses. These efforts aim to enhance productivity, ensure food security, and position Albania’s agricultural products more competitively in international markets.