Economy
The big picture
Local government budget for 2025 sees 9.3% increase
The budget for local governance in 2025 will be 9.3% higher than the previous year, with proportional increases across all municipalities in the country. The Minister of State for Local...
Bank of Albania lowers interest rates by 0.5% to 2.75%
On November 6th, 2024, the Bank of Albania announced a reduction in the country’s base interest rate in LEK, lowering it by 0.5 percentage points to 2.75%. This decision, made...
Central Bank Governor: Albanian economy grows by 4% in first half of the year
The Governor of the Bank of Albania, Gent Sejko, announced that the country’s economy grew by 4% in the first half of the year. He also noted a 2% decline...
Energy price reductions announced for January 2025
Starting January 1, 2025, the cost of electricity will decrease for all citizens. The announcement was made by Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, during...
Major bridge opens on Albania-Kosovo highway
One of the largest bridges in the Balkans, part of the highway connecting Albania with Kosovo and known as the Nation’s Road, has been completed and is now open for...
Democratic Party leader criticizes 2025 budget for ignoring citizens’ needs
The leader of the Democratic Party, Sali Berisha, accused the government of neglecting citizens in the 2025 budget, as it does not include wage and pension increases. He announced that...