Property insurance can make an important contribution to managing the financial impacts of earthquake risk, although earthquake loss insurance faces a number of challenges. As a result, various countries have made public earthquake (re)insurance arrangements to support wider insurance coverage, especially...
The average gross monthly salary for an employee, during the second quarter of 2023, is ALL 70,905, increasing by 16.9%, compared to the same quarter last year. The average salary in the public sector is 82,207 ALL/month and in the...
The sovereign credit rating is a measure of the government's ability to repay its debts. Like personal credit scores, a high credit score indicates a financial situation with low credit risk and a low score indicates a government that may...
ALTAX within the MATRA project ""Public monitoring through citizen interaction" supported by the Ministry of Foreign Affairs of the Netherlands under the Dutch development/foreign policy after drafting the new Questionnaire to adapt to the requirements of 2024 and improving it...
In the latest publication of the Bank of Albania, on September 11, we can see a clearer picture of the balance of payments made for the first 6 months of 2023. These payments summarize the transactions of the government, businesses,...
Much of the economic and political benefit of decentralized public finance comes from the ability of local governments to make their own tax decisions. A local government that can determine its own tax bases, tax rates and other characteristics of...
In a precise definition of the term, the reference price is known as the price that users compare with the price of the completed civil or industrial construction site of a competitor/s or the previously announced price and their average...
The revenues collected from the state budget are 319.9 billion ALL with an excess of 13.8 billion ALL from the program. Revenues collected from customs and taxes amount to ALL 270.6 billion. Income from mandatory social and health insurance contributions is 66.3...
At the beginning of the second 6-month period, after an assessment and ongoing monitoring of the economic situation, but also the positions held by the financial and fiscal institutions, as well as based on the comments and recommendations from the...
Albania has improved its measures to combat money laundering and the financing of terrorism (AML/CFT), concludes MONEYVAL in a follow-up report published on June 21, 2023[1]. Albania has made progress in addressing the technical compliance gaps identified in...
