Bank of Albania urges pension reform amid demographic shifts

Published on November 15, 2024
As the Albanian government debates a new pension scheme reform, the Bank of Albania has issued a warning regarding the current system. In its opinion...

Why is this important: The Deputy Governor emphasized that demographic and economic shifts make the pension system unstable and unsustainable. “Population aging is a long-term social concern, and we have flagged the instability of the pension scheme,” Minxhozi stated. She stressed the importance of redesigning the system to align with EU standards, ensuring sustainability and economic growth. The Bank stands ready to contribute ideas but does not propose direct solutions. Failure to act, Minxhozi warned, could hinder economic development in the medium term.


In Focus


1. Albanian PM criticizes inaction at COP29 Climate Summit in Baku

November 13, 2024
Albanian Prime Minister Edi Rama made headlines at the COP29 Climate Summit in Baku, delivering a speech that called out global inaction on climate change. His remarks, highlighted in several...

Why is this important: Albania stands out as one of the few countries worldwide with a 100% renewable electricity production system, giving it one of the lowest pollution levels relative to its size. While Rama expressed pride in this achievement, he raised concerns about the future if major polluters continue business as usual. He questioned the effectiveness of climate summits if the world’s largest emitters fail to commit to significant change.


All latest stories


Bank of Albania urges pension reform amid demographic shifts

Published on November 15, 2024
As the Albanian government debates a new pension scheme reform, the Bank of Albania has issued a warning regarding the current system. In its opinion...

Why is this important: The Deputy Governor emphasized that demographic and economic shifts make the pension system unstable and unsustainable. “Population aging is a long-term social concern, and we have flagged the instability of the pension scheme,” Minxhozi stated. She stressed the importance of redesigning the system to align with EU standards, ensuring sustainability and economic growth. The Bank stands ready to contribute ideas but does not propose direct solutions. Failure to act, Minxhozi warned, could hinder economic development in the medium term.


Albanian Democrats unveil economic program for upcoming 2025 elections

Published on November 15, 2024
Democratic Party Chairman Sali Berisha has unveiled his party’s economic program for the upcoming elections, emphasizing lower taxes and increased support for families in need,...

High stakes for Albania in Euro 2024 qualifier against Czech Republic

Published on November 15, 2024
Albania faces a key Euro 2024 qualifier against the Czech Republic on November 16 at the Air Albania Stadium.  Why is this important: The match,...

Why is this important: The match, kicking off at 20:45, isn’t just another game—it’s a critical test that could define Albania’s path to securing a spot in next year’s European Championship. With only two matchdays left and Albania sitting in third place with six points, a victory could propel them toward the top of Group B1. Anything less, and their chances of topping the group and securing automatic qualification could slip away.


Mexico’s Cultural Week in Albania to celebrate 50 years of diplomatic ties

Published on November 14, 2024
For the first time in Albania, the Mexican Cultural Week will be held, packed with a variety of artistic and cultural events. This week-long celebration...

Shell service stations coming to Albania

Published on November 14, 2024
Kastrati Group Sh.a, one of Albania’s leading companies, has partnered with Coral S.A. and Coral Albania Sh.a to introduce Shell-branded service stations in Albania for...

Why is this important: The arrival of Shell’s premium fuel products and services in Albania marks a significant milestone, bringing globally recognized energy standards to local consumers. The partnership is set to enhance the Albanian energy sector, offering quality and sustainability in fuel services.


Albania hosts Western Balkans Open Government Meeting for the First Time

Published on November 14, 2024
Albania hosted the Western Balkans Open Government Partnership (OGP) meeting in Tirana, marking the first time this significant regional event has taken place in the...

Why is this important: The meeting puts Albania at the center of regional efforts to strengthen democratic governance. By hosting the event, Albania is reinforcing its commitment to open government principles and showcasing alignment with EU values.


Bank of Albania Governor, IMF mission discuss economic and financial developments

Published on November 14, 2024
The Governor of the Bank of Albania, Gent Sejko, met with the IMF Mission, led by Anke Weber, to discuss Albania’s economic progress and financial...

Why is this important: The discussions are critical in understanding how Albania is navigating economic challenges, especially concerning inflation, monetary policy, and banking sector health. The IMF’s positive feedback underscores confidence in Albania’s financial governance.


In fitting finale, health concessions inquiry ends in chaos and accusations

Published on November 14, 2024
The Health Concessions Parliamentary Inquiry Commission, established to investigate the controversial sterilization and check-up concessions, descended into chaos on Wednesday night. Former Minister of Health...

Why is this important: The chaos surrounding Beqja’s attempt to testify is emblematic of a commission that has devolved into a display of insults, physical altercations, and dysfunction. Despite shared blame among members, Commission Chairwoman Albana Vokshi has stood out for her confrontational and arrogant handling of proceedings. Her aggressive and discourteous style raises questions about the Democratic Party’s true intentions. If the opposition were genuinely committed to transparency on health concessions, they would have chosen a more measured and diplomatic chairperson. Vokshi’s behavior has turned the inquiry into a spectacle, undermining the commission’s original purpose.


Albanian rights central to talks between North Macedonia and Albania’s parliament speakers

Afrim Gashi and Elisa Spiropali Published on November 13, 2024
At the invitation of Albania’s Speaker of Parliament, Elisa Spiropali, the Speaker of North Macedonia’s Parliament, Afrim Gashi, is on an official visit to Tirana....

Why is this important: The meeting comes at a time when the rights and integration of Albanians in North Macedonia have been put into questions by the ruling majority. Speaker Spiropali highlighted that Albanians in North Macedonia play a vital role in governance and maintaining stability, stressing that respect for the Albanian language and acquired rights is key to North Macedonia’s path toward European Union membership.


Albanian Ombudsman requests human rights oversight at Gjadër asylum camp

Published on November 13, 2024
The Albanian Ombudsman has officially requested from Italian authorities access to monitor human rights conditions inside the Gjadër asylum seekers’ camp. To enhance oversight, the...

Why is this important: The agreement, signed in November 2023 between Prime Minister Edi Rama and Italian Prime Minister Giorgia Meloni, sparked significant debate over the potential human rights implications for migrants held at the Gjadër camp, especially since Albania is not an EU member. The dual supervision from institutions in both countries aims to provide stronger assurances that migrants’ rights will be upheld.


All latest stories


Albanian Democrats unveil economic program for upcoming 2025 elections

Published on November 15, 2024
Democratic Party Chairman Sali Berisha has unveiled his party’s economic program for the upcoming elections, emphasizing lower taxes and increased support for families in need,...

High stakes for Albania in Euro 2024 qualifier against Czech Republic

Published on November 15, 2024
Albania faces a key Euro 2024 qualifier against the Czech Republic on November 16 at the Air Albania Stadium.  Why is this important: The match,...

Why is this important: The match, kicking off at 20:45, isn’t just another game—it’s a critical test that could define Albania’s path to securing a spot in next year’s European Championship. With only two matchdays left and Albania sitting in third place with six points, a victory could propel them toward the top of Group B1. Anything less, and their chances of topping the group and securing automatic qualification could slip away.


Mexico’s Cultural Week in Albania to celebrate 50 years of diplomatic ties

Published on November 14, 2024
For the first time in Albania, the Mexican Cultural Week will be held, packed with a variety of artistic and cultural events. This week-long celebration...

Shell service stations coming to Albania

Published on November 14, 2024
Kastrati Group Sh.a, one of Albania’s leading companies, has partnered with Coral S.A. and Coral Albania Sh.a to introduce Shell-branded service stations in Albania for...

Why is this important: The arrival of Shell’s premium fuel products and services in Albania marks a significant milestone, bringing globally recognized energy standards to local consumers. The partnership is set to enhance the Albanian energy sector, offering quality and sustainability in fuel services.


Albania hosts Western Balkans Open Government Meeting for the First Time

Published on November 14, 2024
Albania hosted the Western Balkans Open Government Partnership (OGP) meeting in Tirana, marking the first time this significant regional event has taken place in the...

Why is this important: The meeting puts Albania at the center of regional efforts to strengthen democratic governance. By hosting the event, Albania is reinforcing its commitment to open government principles and showcasing alignment with EU values.


Bank of Albania Governor, IMF mission discuss economic and financial developments

Published on November 14, 2024
The Governor of the Bank of Albania, Gent Sejko, met with the IMF Mission, led by Anke Weber, to discuss Albania’s economic progress and financial...

Why is this important: The discussions are critical in understanding how Albania is navigating economic challenges, especially concerning inflation, monetary policy, and banking sector health. The IMF’s positive feedback underscores confidence in Albania’s financial governance.


In fitting finale, health concessions inquiry ends in chaos and accusations

Published on November 14, 2024
The Health Concessions Parliamentary Inquiry Commission, established to investigate the controversial sterilization and check-up concessions, descended into chaos on Wednesday night. Former Minister of Health...

Why is this important: The chaos surrounding Beqja’s attempt to testify is emblematic of a commission that has devolved into a display of insults, physical altercations, and dysfunction. Despite shared blame among members, Commission Chairwoman Albana Vokshi has stood out for her confrontational and arrogant handling of proceedings. Her aggressive and discourteous style raises questions about the Democratic Party’s true intentions. If the opposition were genuinely committed to transparency on health concessions, they would have chosen a more measured and diplomatic chairperson. Vokshi’s behavior has turned the inquiry into a spectacle, undermining the commission’s original purpose.


Albanian rights central to talks between North Macedonia and Albania’s parliament speakers

Afrim Gashi and Elisa Spiropali Published on November 13, 2024
At the invitation of Albania’s Speaker of Parliament, Elisa Spiropali, the Speaker of North Macedonia’s Parliament, Afrim Gashi, is on an official visit to Tirana....

Why is this important: The meeting comes at a time when the rights and integration of Albanians in North Macedonia have been put into questions by the ruling majority. Speaker Spiropali highlighted that Albanians in North Macedonia play a vital role in governance and maintaining stability, stressing that respect for the Albanian language and acquired rights is key to North Macedonia’s path toward European Union membership.


Albanian Ombudsman requests human rights oversight at Gjadër asylum camp

Published on November 13, 2024
The Albanian Ombudsman has officially requested from Italian authorities access to monitor human rights conditions inside the Gjadër asylum seekers’ camp. To enhance oversight, the...

Why is this important: The agreement, signed in November 2023 between Prime Minister Edi Rama and Italian Prime Minister Giorgia Meloni, sparked significant debate over the potential human rights implications for migrants held at the Gjadër camp, especially since Albania is not an EU member. The dual supervision from institutions in both countries aims to provide stronger assurances that migrants’ rights will be upheld.


Albanian PM criticizes inaction at COP29 Climate Summit in Baku

Edi Rama speaking at the COP29 Climate Summit in Baku. Published on November 13, 2024
Albanian Prime Minister Edi Rama made headlines at the COP29 Climate Summit in Baku, delivering a speech that called out global inaction on climate change....

Why is this important: Albania stands out as one of the few countries worldwide with a 100% renewable electricity production system, giving it one of the lowest pollution levels relative to its size. While Rama expressed pride in this achievement, he raised concerns about the future if major polluters continue business as usual. He questioned the effectiveness of climate summits if the world’s largest emitters fail to commit to significant change.