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.
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.
Exports of Albania jumped by 38 per cent this year due to increased prices of petroleum in the international market and revival of country’s footwear and textiles industry, the National Institute of Statistics announced on Monday.
Albania’s economic perception index, complied by the Central Bank, dropped by 7.3 points in the first quarter of 2011, based on lower confidence in the consumer and services sectors.
The Ministry of Finance had prepared an overhaul on corporate profit tax and intends to double the current flat rate of 10 per cent for companies that has net profits higher than 20 per cent of their revenues, the local media announced today quoting unofficial sources.
Albania’s President Bamir Topi has vetoed a bill on excise duties which would have opened the way for an agreement with a Swiss company to provide controversial fiscal stamps for Albania’s market.
The Austrian based real estate development and investments company Soravia Group has started building a 30 million euros elite residential settlement on the slopes of Vodno Mountain, close to the centre of the Macedonian capital Skopje.
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estimates that the newly independent country sits on the world’s fifth largest reserve of the fuel.
Albanian controversial oil magnate Rezart Taci handed himself over to police in Tirana on Thursday, after the local district court ordered his arrest following charges of assault over the beating of local publisher, Mero Baze.
Prime Minister Sali Berisha says that Albania will reluctantly set its sights on inclusion in the eurozone, due to the pressure exerted by the European currency on the local economy.
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