Economy
The big picture
Non-performing loans rise in Albania, signaling strain on households and small businesses
Non-performing loans (NPLs) in Albania have risen, highlighting continued pressure on family finances and small business operations. According to data published by the Bank of Albania, the NPL ratio climbed...
Albania to raise minimum wage to €500 in 2026, pledges further increases by end of mandate
Starting January 1, 2006, Albania’s minimum wage will increase by 10,000 ALL, reaching the equivalent of €500 per month — a move affecting over 307,000 workers nationwide. The announcement was...
Albania’s economy shows steady optimism in October, despite cautious consumers
Albania’s economic sentiment improved in October, with businesses reporting greater confidence across key sectors, according to the latest survey from the Bank of Albania. Why is this important: The economic...
Electric vehicle charging tariff rises sharply from November 1
Albania’s Energy Regulatory Authority (ERE) has approved a significant increase in the price of electricity used to charge electric vehicles. From November 1, tariff will rise from 14 ALL per...
EU–Western Balkans Investment Forum opens in Tirana, calls for a “new horizon” of growth
For the first time, policymakers, investors, and business leaders from the Western Balkans and EU member states gathered in Tirana for the EU–Western Balkans Investment Forum, supported by the European...
BIG wins international competition to design Albania’s “Faith Park” in Tirana
The Bjarke Ingels Group (BIG) has won the international design competition for Albania’s “Faith Park,” a landmark project that will transform a former military site in Petrela into a space...