Economy

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Bashtova Castle reopens as modern cultural and tourism hub after EU-funded restoration

Bashtova Castle reopens as modern cultural and tourism hub after EU-funded restoration

Bashtova Castle, a 15th–16th century fortress and one of Albania’s most important heritage sites, has officially reopened after an extensive restoration funded by the European Union through the €40 million...
September 1, 2025 -
Art & culture
Albania’s businesses turn to foreign workers as immigration ticks up

Albania’s businesses turn to foreign workers as immigration ticks up

Albania—long a country of emigration—is beginning to see the reverse flow. Nearly 22,000 foreign nationals held Albanian residence permits in 2024, up 2.2% from 2023, as companies fill labor gaps...
August 25, 2025 -
Economy
Albania eases bank capital rules to boost infrastructure lending; crisis buffer held at 0.5%

Albania eases bank capital rules to boost infrastructure lending; crisis buffer held at 0.5%

The Bank of Albania has adjusted capital-adequacy rules to give second-tier banks more room to lend to large infrastructure projects—roads, ports and airports—under strict regulatory supervision. The move is designed...
August 25, 2025 -
Economy
Albania named a 2025 tourism success story as global travel hits records

Albania named a 2025 tourism success story as global travel hits records

Global tourism is having a record year—and Albania is among the ten standout destinations of 2025. UNWTO data show international visitors to Albania up 80% this year, cementing the country’s...
August 25, 2025 -
Economy
EU approves €87.7m Growth Plan package, Albania secures €32m for energy projects

EU approves €87.7m Growth Plan package, Albania secures €32m for energy projects

The European Union has cleared a €87.7 million support tranche under the Growth Plan for the Western Balkans Investment Framework. From this first financing phase, Albania will receive €32 million...
August 24, 2025 -
Economy
Albania’s annual inflation at 2.4% in July, leisure and culture prices lead gains

Albania’s annual inflation at 2.4% in July, leisure and culture prices lead gains

Albania’s annual inflation, measured by INSTAT using Eurostat methodology, stood at 2.4% in July 2025. The sharpest increase came from “recreation and culture,” up 12%, driven by travel tickets and...
August 24, 2025 -
Economy

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