Economy & Finance

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Tirana leads sharp real estate surge as apartment prices soar 56% in six months

Tirana leads sharp real estate surge as apartment prices soar 56% in six months

Apartment prices in Albania have skyrocketed in the second half of 2024, with Tirana seeing the steepest increase. According to the latest Bank of Albania survey, nationwide housing prices rose...
April 25, 2025 -
Economy
Vlora International Airport to open in early May with inaugural Air Albania flight

Vlora International Airport to open in early May with inaugural Air Albania flight

Albania’s newest international gateway, Vlora International Airport, is set to officially open in the first days of May, marking a significant milestone for southern Albania’s infrastructure and tourism industry. The...
April 24, 2025 -
Economy
Government unveils “Fiscal Peace” plan: a new tax agreement model for Albanian businesses

Government unveils “Fiscal Peace” plan: a new tax agreement model for Albanian businesses

The Albanian government has introduced a new initiative dubbed the “Fiscal Peace” plan, which aims to simplify tax obligations and provide a fresh start for businesses. Presented by Prime Minister...
April 24, 2025 -
Albania
Food prices keep inflation pressure high despite overall decline

Food prices keep inflation pressure high despite overall decline

Albania’s official inflation rate may be declining, but food prices continue to rise above average levels, keeping pressure on household budgets. According to the Institute of Statistics (INSTAT), food inflation...
April 24, 2025 -
Economy
Albania to revive arms production industry, starting with Rubik weapons factory

Albania to revive arms production industry, starting with Rubik weapons factory

Prime Minister Edi Rama confirmed today that the government’s plan to revive Albania’s long-defunct military industry will begin with the transformation of the former copper plant in Rubik into a...
April 20, 2025 -
Economy
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

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