The quarterly data from INSTAT indicate that the services sector in Albania continued to grow during the second quarter of 2025, with positive performance across most key activities, reflecting a revival in consumption and economic activity following challenges in previous...
Energy inflation in the OECD has been negative since May 2023 and remained so in 23 OECD countries. However, Türkiye and Colombia experienced energy inflation more than 25% in January 2024.Food inflation in the OECD continued to slow, to...
In our economy, imports of goods in 2023 are 1.98 times higher than exports [1].This ratio has increased by 3% compared to 2022. Albanian consumers are used to seeing products from every corner of the world in their...
In the January 10, 2024 publication of the consumer price index (inflation) for December 2023, it is noted that its rate in December 2023 is 4.0% compared to the previous year. In December 2022, the inflation rate was 7.4%. The...
In general, when considering the impact of remittance flows on the economy, it is important to take into account the positive effects and, alongside them, the negative effects that remittances carry over time in the form of transfers for basic...
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,...
Despite common misconception, the European Union does indeed allow member states to decide their own rates of VAT on a number of categories of goods and services. In 2009 the EU amended this Directive to allow all member states to permanently reduce...
In recent years, there has been growing interest in the role of minimum wages in improving the lives of low-paid workers, and also in rebalancing national economies. In China, coordinated minimum wage increases across provinces have been a key part...
The value added tax help to deal with the major economic issues plaguing the economy. The money raised from a value added tax could be used to help lower the massive around 9-billion-dollar national debt of Albania. The value added...
The U.S. tax system has its haters. More than two-thirds of Americans say they dislike or hate doing their taxes. A majority of us complain that our taxes are too high and that the wealthiest among us don't pay their...
