Economy & Finance
The big picture
Government approves 4.1% pension indexation
The Albanian government has approved a 4.1% indexation of pensions. For the period from October to December alone, the financial cost to cover this increase will amount to 1.693 billion lek(around...
Albania’s SEPA membership: a major milestone in EU integration
Albania is moving toward membership in the Single Euro Payments Area (SEPA), following the official submission of its application in June 2023. With the backing of institutions like the European...
Tourism revenue continues steady growth in Albania
Tourism revenues in Albania are in a steady upward trend, reaching a record €1.95 billion in the first half of the year, a 25% increase compared to the same period...
Average gross monthly salary rose by 5.9% in second quarter of 2024
The average gross monthly salary during the second quarter of this year reached 75,114 ALL, marking an increase of 5.9% compared to the same quarter of last year. The Albanian...
Albania’s GDP doubled over the past decade
Albania’s economy has seen significant growth over the past decade, with the Gross Domestic Product (GDP) doubling from $12.7 billion to $25.4 billion. Prime Minister Edi Rama, speaking at the...
Albania leads region in teacher salaries with 950 Euro monthly average
Albania has become the regional leader in financial compensation for teachers, with an average monthly salary of 950 euros. Why is this significant The increase in teacher salaries in Albania...