Albania

Albania Reaffirms Commitment to Media Freedom at OSCE Conference in Tirana

Speaking at the 11th OSCE South-East Europe Media Conference in Tirana, representatives of Albania emphasized the country’s commitment to protecting...

Albania and Italy Reaffirm Strategic Partnership During Bratislava Meeting

In Bratislava, Antonio Tajani Italy’s Vice President of the Council of Ministers met with Ferit Hoxha, Albanian Minister for Europe and Foreign Affairs, where both sides reaffirmed the...

EIB Expands Support for Albania with New SME and Green Investment Package

The European Investment Bank (EIB) Group has announced a new wave of financing for Albania, including a €20 million package designed to support small...

Albania Eyes Major Tourism Boost as Sazan Island Project Advances

Speaking in Vlora, Rama confirmed that the government is in ongoing negotiations over a high-profile tourism project on Sazan Island, emphasizing that the island remains state-owned and...

Albania Sets Up Oversight Council As It Expands Regulated Gambling Sector

Albania’s Council of Ministers has approved the creation of a Project Support Council within the Gambling Supervisory Authority, establishing a structured and transparent system...

Albania Faces Fiscal Fatigue As Wage Taxes Become Main Growth Engine

Albania’s economy is showing early signs of strain after years of robust growth fueled by construction, tourism, and wage indexation. While GDP grew by...

Albania’s Inflation Outpaces EU Average In February

Albania recorded an annual inflation rate of 2.5% in February 2026, measured by the Harmonised Index of Consumer Prices (HICP), exceeding the European Union average of 2.1%, according to...

Rising Oil Prices May Affect Albanian Wages in 2026

An analysis by the Albanian think-tank ALTAX suggests that sectors sensitive to energy costs, like transport, services, and light industry, may see slower wage growth, highlighting...

Albanian Banker Eriola Bibolli Takes Helm of ProCredit Holding Supervisory Board

Eriola Bibolli has assumed the position of Chair of the Supervisory Board of ProCredit Holding AG as of 1 March 2026, succeeding Hubert Spechtenhauser, who retired at the...

Switzerland Launches CHF 58 Million Cooperation Program With Albania

Switzerland and Albania have launched a new cooperation program for 2026 to 2028 worth CHF 58 million, aimed at strengthening democratic governance, economic development...

Air Albania Struggles After Turkish Airlines Exit

Air Albania launched in 2018 as the new flag carrier of Albania through a public private partnership with Turkish Airlines, which held a 49...

Albania Struggles to Align Social Well-Being With EU Standards

A recent report by the Vienna Institute for International Studies (WIIW) highlights a significant gap between Albania’s economic growth and social welfare. While GDP...

Nelt Takes Over Distribution of Elephant Snacks in Albania

Nelt Group has been appointed the new principal for the Elephant snack brand in Albania, following a partnership with Alka Group RO. Under the agreement, Nelt...

Albania’s Per Capita Income Remains Among Europe’s Lowest

Albania’s per capita income reached $11,000 in 2025, according to IMF data, placing the country 83rd globally in nominal terms and 85th in terms...

EIB Group Invests €822 Million Across the Western Balkans in 2025

The invested €822 million in the Western Balkans in 2025, backing projects that move the region closer to EU standards — and closer together. The financing...