Albanian olive oil exports have grown gradually in recent years, rising from 159 tonnes in 2021 to 360 tonnes in 2022. This trend will certainly continue this year too, not only after the increase in the price of cooking oil caused by the war in Ukraine, but also because drought and scorching heat waves have […]
Interest in Albanian extra virgin olive oil is growing Read More »
According to the data of the Bank of Albania, in the first six months of the year, the number of foreign direct investments hit a new record, with a total value of 686 million euros (+ 7.9% compared to the same period in 2022). 51% of foreign direct investment is made up of reinvested profits,
Foreign investments in Albania: new historical record Read More »
Since May 2022, companies in Albania have been able to use freely the electronic services of the National Business Center (QKB), the national agency that grants business licenses. The digitalisation of the public administration has not only facilitated procedures and considerably reduced the time spent in offices by citizens and businesses, but has also contributed
Albania accelerated the process of digitalisation of public services Read More »
The U.S. Agency for International Development (USAID) has launched a new platform that will allow small and medium-sized enterprises (SMEs) from Albania and the Western Balkans to apply for loans online and obtain information on available financial opportunities to grow their businesses. LORES+ is a FinTech solution created in collaboration with the business consultancy Creative
USAID launches LORES platform to financially support SMEs Read More »
The American Chamber of Commerce in Albania (AmCham), the German Chamber of Commerce (DIHA), the Italian Chamber of Commerce, Confindustria Albania and the French Chamber of Commerce have presented to the government a series of proposals to improve the business environment, attract foreign direct investment and facilitate Albania’s integration into the EU and international markets.
Improving the business environment: proposals from foreign Chambers of Commerce Read More »
The mayor of Tirana, Erion Veliaj, presented the Technological and Economic Development Zone of Tirana (TEDA), developed in cooperation between the government and the municipalities. TEDA Tirana will be built in the urban area of Kashar, along the road axis that connects the capital to Durres, on an initial surface of 35 hectares, with a
Tirana set to launch call for tenders in the new free economic zone Read More »
On March 20th, the “Tirana-Tel Aviv Technology Week” began, focusing on the topics of technology and innovation, with the participation of about 40 leading Albanian companies, as well as 88 Israeli companies, start-ups and potential investors from sectors such as Cybertechnology, Insure-Tech, FinTech and Agri-Tech. The event is attended by representatives of central and local
Innovation: “Tirana-Tel Aviv Technology Week” Read More »
According to the latest data published by the Albanian Electricity Distribution Operator OSHEE, in 2022 there was a record increase in requests for the installation of solar panels. Over a thousand consumers, 59% of which in the regions of Tirana and Durres, have chosen the photovoltaic system to self-produce electricity. The law recently approved by
Photovoltaics: new cutting-edge projects and business opportunities Read More »
On April 1, the minimum wage of all public and private employees will raise from 34,000 to 40,000 lek (about 350 euros), which represents an increase of 17%. This was announced by the Ministry of Finance, who added that companies in some sectors will obtain a contribution for the payment of social security contributions throughout
The government will raise the minimum wage and support the companies with many employees Read More »
The data of the Structural Survey of Enterprises elaborated by the Albanian Institute of Statistics (INSTAT) show the increase in both the number of construction companies and activity in the last eight years, especially in Tirana. In 2021, more than 5,000 enterprises were active, with an increase of 17% compared to the previous year, while
Positive trends for construction activity Read More »