Informality in Albania refers to the part of the economy that operates outside formal regulations, taxes, and labor laws. This includes unregistered businesses, undeclared income, and informal employment.The informal sector has become significant in Albania, contributing to tax evasion, unfair...
Informality in Albania: Approaches to Overcoming It Based on Experience (in Albanian) is a study supported by ALTAX, as a policy document and with a roadmap approach through examples and presentation of experiences over three decades. This document is...
According to the World Bank's latest analysis of the shortcomings and achievements of the economies of the Western Balkans, they seem to be learning from the fact that “they are subject to increasing pressures on their external sectors in...
Inward flows of remittances have grown rapidly in recent years, with an average growth rate in the last 3 years (2021-2023) of 10.5% and dominate all other annual financial flows from sources abroad. Despite these trends, which began to increase...
After monitoring the progress of the tax and regulatory legislation for construction, as a process and as a salable product in the Albanian market, our experts drafted a material processed from data and online legal publications, from the processing of...
According to the latest INSTAT publication on national accounts [1], “The Gross Domestic Product (GDP) in the third quarter of 2023 is estimated to increase by 3.46%, compared to the third quarter of 2022.The following branches of economy...
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...
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...
Lending has started to decline in 2023, although expectations are for a recovery in the following months. This impact is expected as long as credit has become more expensive and this cost of commercial banks should remain short-term, otherwise the...
Housing prices around the world have experienced an uninterrupted boom because of the global financial crisis [1]. However, the extent of the housing boom shows considerable variation across countries.In Albania over the last 12 years (2010 – 2022),...
