Mid-year revenue and expenditure budget reviews are part of a more frequent financial review cycle to ensure that money is spent strategically and to analyze and adjust allocations according to the performance of budget projects by ministries. Unfortunately, many ministries...
The private apartment market in the country has stalled in recent months. Buying a new apartment in Albania, but especially in Tirana and cities where there is a lot of construction, is a difficult task and is particularly challenging. The biggest...
The Berlin Process is an initiative aimed at increasing regional cooperation in the Western Balkans and aiding the integration of the BP countries into the European Union. It was launched on August 28, 2014, by former German Chancellor Angela Merkel. The...
This weekend ALTAX publishes an analysis related to the answer to the question that is also titled "Can temporary tax breaks stimulate consumer spending?" Based on official statistics, the analysis clarifies the problem of tax benefits by answering the title...
According to the amendment made in December 2020[1] of the Law "On national taxes"[2] "In the case of the sale of mineral of the first group (I), "Metallic minerals", which includes chrome and copper for processing within...
In the meeting with deputy Minister of Finance, Mrs. Vjero, the highest level responsible for fiscal policies in the country, as well as the General Director for wealth tax, Mr. Sahitaj as well as the drafting staff of the draft...
Social security is linked to the family in Albania. In social insurance schemes, the amount, the conditions of provision and the duration of the relationship are determined by the national scheme. These schemes are administered by national agencies based on...
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...
