The May 11th elections were not just a democratic exercise, but a strong signal for political continuity in Albania. With a fourth consecutive mandate, the Socialist Party faces a new challenge: not only to win elections but to gain the...
Raising the minimum wage is a complex decision that must consider the balance between workers' welfare and businesses' capacity to bear it. If the minimum wage increases without being based on productivity or economic growth, it may cause issues such...
The Bank of Albania's report for the fourth quarter of 2024 presents an optimistic picture of the Albanian economy, highlighting a decrease in inflation, GDP growth, and improvements in financial markets. However, a deeper and more critical analysis, in relation...
The Albanian economy and labor market experienced a weak employment recovery after the COVID-19 pandemic, unlike the recovery experienced by EU member states.A look at the performance of the EU economy shows that after contracting by -5.9% in 2020, the...
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 average score of the economic indicator fell slightly in 2020 to rise again in 2021 and again withdrawing in 2022, partly due to the slow recovery or the dependence of the development of the economy on the agricultural base...
On Tuesday, April 11, ALTAX with the experts started with the presentation of the report with the findings and comments related to the need for municipalities like Dibra to have the guarantee that the central government preserves and does...
The increase in uncertainties and concerns over the possible weakening of economic activity with the prolongation of the conflict in Ukraine, have dictated the tightening of lending standards by banks for businesses, as well as the increase in the cost...
In 2015 the head of a family working full time at the basic minimum of $1.10 per hour would have earned $2,255 or 18% percent less than the basic living standard (non-official one) for a nonfarm family of four. However, Albanian...
In countries with economies in transition, inequality has typically increased. In Central and Eastern Europe, inequality has grown at a gradual and steady rate on average, whereas in the South East Europe inequality initially increased sharply, peaked in the last decade and,...
