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Economic forecasts for 2025 in the US, European Union, China and Russia

According to the most prestigious analyses of the economic programs of the most powerful countries in the world, we have summarized several key aspects that are important for understanding the trends and priorities of economic development at the global level: Diversification...

Interview – The economic impact of the Chinese president’s visit to Europe

In an interview that Mr. Gjokutaj told China Foreign Radio about the economic impact of the Chinese president's visit to Europe that "this visit comes in the framework of a relationship which, after 5 years of President Xi Jinping's...

What is the hourly labor cost in the Western Balkans and how much is it affected by productivity?

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 summit of the Western Balkans with the EU gives hope

The Growth Plan presented at the end of last year and with a coordinating approach and discussions on challenges and developments, which dominated the speeches at the Western Balkans Summit with the EU in Tirana, is calculated by EU...

The level of informality in the economy and employment in the Western Balkans

The estimated size of the informal sector in Albania is well above the EU average and at the upper end of the Western Balkan countries (WB6) in terms of employment, as seen in the table below. Western Balkans: Informality, 2019 (% of...

The Berlin Process: The Challenge of Gaining EU Membership Through the “Growth Plan”

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...

Benefits in the monthly salary for an employee who moves over 100 km from the workplace

In Albania, salary benefits for an employee moving more than 100 km from the workplace are determined by the Labor Code and the employer's internal policies. Benefits and salary increases for an employee moving more than 100 km depend on...

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