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imf-suspends-agreement-with-albania-08-03-2015
03 Aug 15

IMF Mulls Suspending Agreement with Albania

IMF representative Jens Reinke said Albanian state budget revenues are well below target and suggested further tax hikes, while the government promised a crackdown on tax evasion.

private-electricity-production-grows-in-albania-due-to-new-hpps-and-privatizations
24 Jul 15

Private Electricity Production Booms in Albania

The annual report from the regulator shows that private electricity production reached a peak over the past year, with private companies now producing a fifth of the country's electricity.

region-carefully-brace-for-greek-referendum-results
06 Jul 15

Balkan States Weigh Impact of Greece’s ‘No’

Officials in the Balkans are weighing up the potential impact of the Greek referendum result on their countries amid warnings that a deepening of the crisis could damage economies in the region.

imf-albania-s-has-no-contagion-risk-from-greece
01 Jul 15

IMF Says Greek Crisis Will Not Affect Albania

The head of the IMF in Albania, Nadeem Ilhahi, on Tuesday said that the banking sector in Albania faces few risks as a result of the worsening Greek debt crisis.

albania-struggle-to-collect-taxes-as-smuggling-rises
15 May 15

Smugglers Evade Higher Taxes in Albania

Albania is trying to curb smuggling in cigarettes and fuel after higher taxes appear to have caused an alarming increase in smuggling rather than higher government revenue.

albanians-works-more-and-are-paid-less-survey-finds
04 May 15

Albanians Work Longer for Less Pay, Survey Says

The average employee in Albania works 2,100 hours per year but is paid less than the average worker in Bulgaria and Macedonia, Europe’s next worst-paid nations, a new survey says.

albania-faces-budged-hole-as-revenues-miss-target
30 Apr 15

Missed Targets Leave Hole in Albanian Budget

Deputy Finance Minister Irena Beqiraj has confirmed that government revenues are not meeting expectations, which may mean budget cuts later this year.

eu-helps-create-balkan-transport-network
22 Apr 15

EU Hails Balkan Transport Network Deal

Leaders of six Western Balkans countries meeting on Tuesday in Brussels agreed on plans for a regional transport network, to which the EU has pledged 130 million euros.

unfair-competition-from-informal-sector-and-corruption-haunts-business-leaders-in-the-balkans
13 Apr 15

Graft and Grey Economy Hindering Balkan Business, EBRD

A new survey from the European Bank for Reconstruction and Development, EBRD, shows that corruption, competition with the informal sector, complex taxes and lack of access to bank loans are the chief complaints of business leaders in the Balkans.

switzerland-to-help-albania-to-develop-a-new-gas-market
20 Mar 15

Switzerland Helps Albania Build Gas Market

Switzerland has granted Albania 6.6 million euro to build up its infrastructure so that it can 'reap the benefits' of the new Trans Adriatic Pipeline running from Turkey to Italy.

chinese-corporation-to-build-new-albanian-highway
17 Mar 15

Chinese to Build Albanian Highway to Macedonia

Albania aims to fast-track procedures to give the China State Construction Company the concession to build a highway running from Tirana to Dibra/Debar in western Macedonia.

government-of-albania-wants-550-million-new-debts-for-this-year
16 Mar 15

Albania Seeks 550 Million Euros of Credit

The finance ministry has opened an international bid for a 250 million euro partially-guaranteed loan and is seeking to reissue about 300 million euro of sovereign bonds to tackle the budget deficit.

bankers-petroleum-albania-achieved-highest-production-ever-in-2014
13 Mar 15

Albanian Oil Production Registers Peak in 2014

Revenues for the oil extraction industry in Albania soared to $583 million (€544 million) in 2014, although falling international oil prices suggest the upward trend is now over.

western-balkans-lag-in-structural-reforms-imf-says
11 Mar 15

Balkan Economies Falling Behind, IMF Warns

The Western Balkan are lagging behind other former Communist transitional countries and need to complete the transformation process that began two decades ago, an IMF report says.  

external-consultant-in-albanian-custom-fails-to-bring-in-cash
04 Mar 15

UK Firm's Aid Fails to Boost Albania's Customs

The Albanian government has admitted in a letter to the IMF that its contract with a British adviser, Crown Agents, has not yet resulted in the expected rise in customs revenues.

Politics and Society

germany-step-up-efforts-to-block-asylum-seekers-from-albania-07-30-2015
30 Jul 15

Germany to Curb Mass Migration from Albania

Berlin and Tirana organised the repatriation of about 70 asylum-seekers and German police have been stationed at Albanian border posts in a bid to stop the flow of migrants.

Culture and Lifestyle

balkan-countries-gear-up-for-eurovision
19 May 15

Five Balkan Countries Competing in Eurovision

Performers from only five Balkan countries are competing in this year's Eurovision Song Contest in Vienna - whose semi-finals get underway this week.