capital market

Structural gaps on the path to the EU

A critical analysis based on the IMF Framework on Regional Economic Development and Convergence with the EUIn 2024, Albania remains significantly behind the European average in terms of income per capita, particularly when measured by purchasing power parity (PPP).According...

Albania without a capital market: Impaired development and distorted competition

Albania is the only country in the region without a functioning capital market, a gap that is becoming a visible obstacle to economic development and financial justice.At a time when Albania claims to advance towards a formalized, diversified, and integrated...

Managerial fragility: The invisible obstacle of the Albanian economy

In every discussion on economic development in Albania, the word "business" is frequently mentioned—investments, taxes, startups, exports, subsidies. But what remains out of focus, although it deeply affects economic success or failure, is the quality of business management. This is...

Albania without a capital market: Impaired development and distorted competition

Albania is the only country in the region without a functioning capital market, a gap that is becoming a visible obstacle to economic development and financial justice.At a time when Albania aspires to transition toward a formalized, diversified, and European-integrated...

Assessment of the reduced dividend tax and its long-term effects on the economy and the capital market

Dividend taxation as a key fiscal policy element in Albania and its long-term effects on the economy and capital market.Dividend taxation is a key component of fiscal policy in Albania and has undergone significant changes over the years. For the...

Compulsory housing insurance provision by catastrophes in a fiscalist’s perspective

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...

… capital market in the era of postliberal capitalism

The primary function of the capital market is to bring together investors who buy securities with those who sell them. The three main participants of the capital market are individuals (also known as investors), borrowers and shareholders[1].Based on...

Indicative approach to taxation of private pensions

Many countries tax certain assets in this way, such as ordinary interest-bearing deposits.On the contrary, avoiding taxation of investment returns, equal pre- and after-tax real returns are maintained, regardless of the mix of inflation and real-to-nominal returns.However, a comprehensive...

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