Albanian Economy Your Business News from Albania

Israeli will recognize Kosovo after Spain and Greece, says FM

Tirana, 28 June 2011 (albanianeconomy.com) Israeli Foreign Minister Avigdor Lieberman declared today in Tirana that his government considers the Independence of Kosovo a “sensitive issue” and added that the recognition of such independence from Tel Aviv could happen after other countries like Greece and Spain (two countries that categorically refuses the existence of Kosovo), accept it.

Israeli FM seek Albania support against Palestine

Tirana, 28 June 2011 (albanianeconomy.com) Israeli Foreign Minister Avigdor Lieberman arrived on Tuesday in Albania on a two days trip in its efforts to gain support against Palestine’s bid for United Nation membership.

Basha Declared Winner of Contested Tirana Poll

Albania’s Central Electoral Commission has for the second time in as many months declared the ruling party candidate the winner of the hotly contested race for the Tirana mayoralty.

Besar Likmeta Tirana

Saudi Arabia and Albania signs 25 Million USD loan agreement

Tirana, 25 June 2011 (albanianeconomy.com) Saudi Arabia fund for development had accepted to lend 25 million USD to the Government of Albania for the construction of a highway, the Ministry of Finance announced on Friday

IMF Urges Albania to Raise Taxes

Funds tells Albania to increase taxation and cut expenditures to close debt gap – but Tirana government does not appear to be listening.

Gjergj Erebara Tirana

Real Estate prices falls as demand weakens in Albania

Tirana, 9 June 2011 (albanianeconomy.com) The Real Estate prices in Albania had been cut by 10-15 per cent over the last few months but still the demand remains weak, the local Association of Construction said on Friday.

Court Strips Albanian Socialist of MP’s Mandate

Albania’s constitutional court on Thursday deprived Ilir Beqja, an outspoken opposition deputy, of his parliamentary mandate, after a company he owned was found to have benefitted from a public tender.

Besar Likmeta Tirana

Albania non-farm employment increases by 4.3 per cent

Tirana, 13 June 2011 (albanianeconomy.com) Non-farm employment in Albania increased by 4.3 per cent to 248,375 employees during the first semester 2011 year on year basis, figures published by the Institute of Statistics shows. Employment in Albania had continued to grow despite the mounting business difficulties of the last two years albeit from a small basis.

Banks concerned over collateral execution difficulties

Tirana, 9 June 2011 (albanianeconomy.com) Association of Banks of Albania expressed publicly concern over the difficulties experienced by several banks in confiscating and liquidating the collateral of the underperforming loans, urging the government to facilitate the procedures.

Inflation in Albania stays firm above the Central Bank target

Tirana, 9 June 2011 (albanianeconomy.com) The Consumer Price Index stood at 4.2 per cent on May compared to one year earlier despite the seasonal cooling effect of locally produced agricultural goods, the national Institute of Statistics announced.