Albania’s proposed 2025 budget outlines a strategy for economic growth of 3.9%, driven by sectors such as tourism, construction and infrastructure development. The government plans to raise 7.55 billion euros and spend 8.2 billion euros, focusing on investments in health,...
It is important to note that currency appreciation is relative, as it is measured against another currency. For example, if the Lek appreciates against the Euro, it means that the Lek buys more Euros, but it does not necessarily mean...
The increasing value of the Lek in relation to the Euro, the American Dollar, the British Pound in the currency market should be understood by all consumers and businesses, that the Lek can buy a greater amount of goods and...
According to the Business and Consumer Confidence Survey (BCCS)[1], for the month of May 2024, reported by the Bank of Albania[2], it is stated that "The Economic Sentiment Indicator[3]] in May 2024 marked a...
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...
During 2023 there is an entry:of Euros and other foreign currencies at the converted level of 4 billion Euros and an exit from Albanian visitors to foreign countries at a level of 55% of this value, which means that they...
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...
Albania has trade relations with the entire world, but it has important trade relations with European countries, with the USA, as well as with Asian countries. Due to completely different tax systems (as in the case of the USA or...
The Albanian economy, regardless of the situation outside its borders, is vulnerable, as it has left areas of its sovereignty not to be an influencing factor in cases of outbreaks of military and economic crises. The fact that the oil...
According to the history and development of inflationary trends it has been observed that countries with higher inflation usually see their currency depreciating relative to the currencies of their trading partners. This is usually accompanied by higher interest rates as...
