Monthly Archives - May 2026

Public Debt Dynamics and the Interaction between Fiscal Consolidation, Inflation and Exchange Rate (2019–Q1 2026)

The performance of public debt in Albania during the period 2019–Q1 2026 cannot be fully understood as a result of fiscal policies alone, but as a product of the complex interaction between economic growth, inflation and exchange rate dynamics. Each...

How Corruption Distorts Capital Allocation in the Western Balkans (WB6)?

In public debate, corruption is often treated as a problem limited to the direct theft of public funds, bribery, or abuse of office. However, from an economic perspective, its damage is far deeper. Corruption operates as a systemic mechanism that...

Cost of Corruption and Informality in the Western Balkans (WB6-CCI 2025)

The Western Balkans region continues to suffer from a heavy economic burden caused by corruption and high informality. The total regional GDP for 2025 is estimated at around €168 billion (with a realistic range of €160–175 billion). The total annual cost...

6.7 billion Euros per year is the invisible cost of corruption that is holding back the Western Balkans

“Western Balkans Cost of Corruption Index 2025” is the first regional publication of its kind produced by ALTAX Observatory, which builds for the first time an analytical instrument that measures not only the perception of corruption, but the real...

Economy of Albania maintains stability, but faces structural constraints in almost the first half of 2026

The Albanian economy continues to maintain acceptable macroeconomic stability during the first months of 2026, but is clearly showing signs of slowdown and lack of deep structural transformation. According to the analysis of independent economic minds, annual growth is expected...

Extreme concentration of banking capital in Tirana and the redesign of Albania’s economic geography

In economies that develop in an organic and balanced manner, savings are usually distributed roughly where income and economic activity are generated. Industrial cities build deposits on the basis of production, tourist areas on services and seasonality, agricultural regions on...

When capital begins to leave the territory, the economy changes the financial map and the balance of the country’s future.

ALTAX Observatory publishes the in-depth analysis “Territorial Financial Concentration in Albania”, a policy document that raises one of the most important economic alarms of the decade: Albania is gradually entering a development model where economic growth, financial capital, lending...

Public investment deficit and its effects on the economy and budget

Delays in public investments do not stop at the direct cost of the project. They create a negative chain that affects the entire economy. This section explains how the damage from delays is transmitted into the real economy, identifying three...

Architecture of public projects in Albania

To deeply understand the problem of delays, it is essential to create a clear 'map' of the architecture of public investments. This section presents the structure of the infrastructure investment portfolio, classifying projects by sector, size, region and maturity level. The...

Albania invests heavily, but delivers little — a story of a major implementation deficit

Every year, the Albanian state pours between 5% and 7% of GDP into infrastructure — a level that appears impressive and stands above the average of countries in the region. Millions of euros go toward roads, schools, water networks, drainage...

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