Economy & Finance
The big picture
Bank of Albania strengthens measures for non-banking institutions
The Bank of Albania has announced significant changes to the regulation on “Operational Risk Management,” aimed at tightening oversight of non-banking financial institutions. The central bank is introducing enhanced measures...
Foreign direct investments in Albania reach €749 million in first half of 2024
Foreign direct investments (FDI) in Albania saw significant growth in the first half of 2024, reaching €749 million, an 8% increase compared to the same period in 2023 and the...
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...