Weekly news report 26-30 September 2011- AlbanianEconomy.com – Real Estate: Rental prices in shopping centers show big fall says Colliers – PM CNN interview stirs unusual debate on EU integration – President Topi new political party is likely – Suspected Drugdealer killed in mafia style action – Albania accepts Hong Kong as “Chinese territory” – [...]
Weekly news report is a service of Albanianeconomy.com to offer a short review of the major events occurred during the week. It is published on Monday and includes the events occurred in the previous seven days.
GDP growth slowed in the first quarter of this year but remained firm, the National Institute of Statistics, INSTAT, announced on Tuesday.
Gjergj Erebara Tirana
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
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.
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.
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.
Albania is reportedly seeking a 600 million Saudi Riyal loan (€109.8 million) from the Gulf Kingdom in order to finance the construction of a new parliamentary complex in Tirana.
Besar Likmeta Tirana
Banks in Albania experienced another weak earnings month in April despite robust growth in deposits and loans while the nonperforming loans showed the fastest monthly increase since January, statistical data collected from the Central Bank shows.
The International Monetary Fund announced on Wednesday that had interrupted the Stand-By Arrangement with Kosovo due to the Kosovo’s government decision to carry on with its spending programme.
“An 18-month Stand-By Arrangement (SBA) approved by the IMF Executive Board in July 2010 was interrupted in 2011,” the IMF announced in Pristina. IMF,
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