Albanian economy
Non-performing loans in Albania drop to historic low of 4%
Non-performing loans (NPLs) in Albania’s banking sector have hit their lowest level in two decades. According to new data from the Bank of Albania, the NPL rate fell to 4.06%...
Albanian parliament approves “Mountain Package” to boost rural investment and tourism
Albania has taken a major step toward supporting agriculture and rural tourism with the approval of the “Mountain Package” last week in parliament and the green light for the Albanian...
Tourism growth boosts business and employment in Albania, INSTAT reports
The expansion of Albania’s tourism sector has directly contributed to economic growth, leading to an increase in businesses and employment. According to a new report by the Albanian Institute of...
Albania to launch development bank in partnership with Italian financial institution
The Albanian government has announced plans to establish the Albanian Development Bank, a key initiative aimed at boosting investment in vital sectors such as agriculture. The effort will be supported...
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...