The economy of Bosnia and Herzegovina[1] expanded by 1.7% real year-on-year in the fourth quarter of 2023, slowing from a 1.9% annual growth in the third quarter (see Tab. 4). In seasonally adjusted terms, fourth-quarter GDP rose 1.1% quarter-on-quarter, following...
Law No. 9920, dated 19.5.2008 "On Tax Procedures in the Republic of Albania" as amended and Instruction No. 24, dated 02.09.2008 "On Tax Procedures in the Republic of Albania", as amended, is the legal basis that determines the rules for...
In 2023, the population of the Western Balkans (WB6) is 16.98 million inhabitants from 17.34 million inhabitants two years ago, with a decrease of 2.1% (360,000 people). The biggest decrease is felt in Serbia with 220,000 individuals less, in Albania...
The employment rate in Tr. 4 2023 in developed countries and in the Western Balkans OECD[1] employment and labour force participation rates remained broadly stable at 70.1% and 73.8% in the fourth quarter of 2023, the highest levels recorded since the...
Usually the large risks of the economy also require their distribution under a stress test. If we remember, the risks that seemed reasonable during the pandemic period for the private sector just two or three years ago may no longer be...
Food inflation continued to decline for the 15th consecutive month, reaching 5.3% in February from 6.3% in January. OECD food inflation was lower than headline inflation for the first time since November 2021. Year-on-year inflation in the OECD, as measured by the...
According to the international understanding of unit labor cost, it is seen as a broad measure of (international) price competition. It is calculated as the ratio of wages together with work-related compensations and bonuses to working hours. The calculation is...
The treatment of employment tax between equity and efficiency is at the core of modern ways of taxing employment income. On the one hand, the government wants to improve social welfare through a fairer distribution of disposable income (tax equity). On...
Remittance flows for 2023 in Albania reached the amount of 929 million Euros, which have increased from last year by 95 million Euros more and are directed directly towards families for daily consumption, expenses for education, health, maintenance and travel....
According to the definition presented by the OECD[1] for the government's primary balance, the most appropriate explanation is that "The primary balance is the difference between the amount of revenue a government collects and the amount it spends on providing...
