The Producer Price Index (CPI) and the Consumer Price Index (CPI) are economic indicators that calculate the change in the price of a group of goods and services. The CPI shows the difference in the prices of products at the...
The informal economy is important to the formal economy because if its size is formalized year after year, this would potentially affect economic growth, but it would also increase government budget revenues and as a result improve social welfare. In an...
According to the Business and Consumer Confidence Survey (BCCS)[1], for the month of May 2024, reported by the Bank of Albania[2], it is stated that "The Economic Sentiment Indicator[3]] in May 2024 marked a...
In a look at the tax treatment for the entire Western Balkans of freelancers, we see that the highest tax rates are found in Albania and Serbia, respectively with 15% and 10% and 20% of their profit after some...
The relationship between wage setting and inflation has been closely monitored in recent years by the Bank of Albania and the former Ministry of Finance and Economy, as it was key to their success in achieving macroeconomic stabilization in an...
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) remained broadly stable at 5.8% in March 2024, after 5.7% in February (Figures 1 and 2). Headline inflation fell in 19 OECD countries with the largest...
During the first 4 months of 2024, the second level banks have given an average of 940 million ALL in loans every day. The amount shows that the demand from businesses and citizens has increased this year. New loans for businesses...
The tax burden is a product of the revenues collected by the central tax administration and the customs administration, from the own revenues of the municipalities, as well as the collections for pension contributions. All revenues together make up the comprehensive...
For reasons of planning expenses on the basis of stable incomes, a conservative approach has been applied to the evaluation of the effect of these measures. Consequently, spending will be able to be kept at a manageable level, and with...
Municipalities collect their own revenues in two forms: (a) as revenues collected directly by the municipality, as an activity of the municipality, and (b) as revenues collected from the central level (in the following text, indirect revenues) which are transferred...
