Economy

The big picture

Three winning designs selected for new public administration buildings

Among the 10 architectural studios competing, three have been declared winners by an international jury in a contest to design four buildings that will house public administration institutions. Why is...

September 18, 2024 -

Projects & Investment

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...

September 18, 2024 -

Albania

Restoration of major cultural heritage sites in Voskopoja and Vithkuq underway, reflecting broader national commitment to preservation

The National Institute of Cultural Heritage has initiated a project to restore four significant religious sites in Voskopoja and Vithkuq. These sites include the Church of St. Prodhromos, the Church...

September 17, 2024 -

Art & culture

PM: Porto Romano port to support NATO operations in strategic Corridor 8

Prime Minister Edi Rama announced that Albania is prepared to facilitate NATO operations along Corridor 8, a strategic route linking the Adriatic and the Black Sea. Speaking at a ceremony...

September 17, 2024 -

Albania

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...

September 17, 2024 -

Economy

Albanian Investment Corporation opens competitions for public infrastructure projects

The Albanian Investment Corporation (AIC) has launched competitions for two significant public infrastructure projects. Ten prestigious architecture studios are presenting their ideas for four major developments to an international jury...

September 17, 2024 -

Albania

All Economy stories

Prime Minister highlights progress and ambitions for education

Published on September 13, 2024

Speaking at an event addressing school safety measures at the Kosova elementary school in Tirana, Prime Minister Edi Rama noted that 240 new school security officers have...

Why is it significant

In his speech the Prime Minister identified education as one of the priority sectors for investment in the context of the ambitious Albania 2030 agenda.

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Interpellation with PM on hazardous waste exports sparks heated debate in Parliament

Published on September 13, 2024

The suspected hazardous waste shipments from the Port of Durrës to Thailand became the subject of a heated debate in Parliament during the parliamentary interpellation...

Why is it significant

The issue of the hazardous waste export, which is currently being investigated by the Albanian judiciary in cooperation with OLAF in order to determine whether the material was truly hazardous as claimed by Thailand, has turned into a very heated political and media debate. But this was the first time that the Prime Minister explained the entire procedure that was followed by the companies for the transport of these materials and the responsibilities of state institutions in such cases according to Albanian law and international conventions to which Albania is party.

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Temporary solution found for access to Thumanë-Kashar highway after protests

Published on September 13, 2024

After more than two months of on and off protests from residents and businesses living near the recently completed Thumanë-Kashar highway, Albania’s Ministry of Infrastructure...

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Albania to revitalize Porto Palermo base for dual civil and military use

Published on September 12, 2024

Defense Minister Pirro Vengu declared that the Government has prioritized the revitalization of the Porto Palermo base for both civilian and military purposes. Why is...

Why is this significant

The initiative signals a shift towards utilizing historical military assets, that are often located in some of the most beautiful areas of the country, for dual purposes, enhancing public access and boosting local tourism while maintaining national defense capabilities.

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Tourism revenue continues steady growth in Albania

Published on September 11, 2024

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...

Why is this significant

This growth underscores the increasing role of tourism in Albania’s economy, but also lays to rest the accusations promoted by the opposition and several experts during the summer according to which the 2024 had been a failure.

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