informal economy

Pros and Cons of Fiscal Peace

In an economy with a high level of informality and structural challenges in fiscal administration (deep, persistent, and systemic problems that hinder the efficient, fair, and sustainable functioning of the tax system and the administration that manages it), Albania has...

Albania and the declarations on a “Sustainable Economy”: How much reality and how much politics?

In recent years, the phrase “sustainable economy” has taken a permanent place in political speeches, institutional reports, and public commentary in Albania. A term that, in principle, inspires trust: an economy that grows without destroying the environment, that ensures well-being...

Money laundering in the construction sector and its impact on supply-demand and real estate prices

Money laundering is a phenomenon that has a noticeable impact on sectors such as construction and real estate, especially in economies that do not have strong control and transparency mechanisms. In Albania, where the construction sector has been prone to informal...

Digitizing Trust and limits of Tax Reform in Albania

Albania's recent push to digitize its tax system through the fiscalization process marks a high-profile attempt to combat informality and modernize public finance. Framed as a cornerstone of the country’s EU alignment efforts, this reform promises greater transparency and tax...

Wage increase amid economic reality and the challenge of sustainability

The increase of the average wage from 75,025 ALL at the end of 2023 to 83,401 ALL in the fourth quarter of 2024 is a significant development that has attracted wide attention. This wage increase, amounting to 8,376 ALL more...

We present the analysis on cash outside the banking system and its impact on and from informality

The ALTAX Center is pleased to invite you to the presentation of its latest study on money outside banks linked to the informal economy in Albania. The study will analyze the key factors contributing to the growth of cash outside...

Who is to blame for the lack of labor formalization in 2025?

The obstacles to wage formalization stem from multiple causes and involve various actors who influence Albania's economy and labor system. There is no single party solely responsible; instead, a combination of factors and actors contribute to the persistence of informality. 1....

Study on Money Laundering in Albania and the Region: Economic impact and countermeasures

Money laundering is a serious issue that has had a profound impact on the Albanian economy and those of the surrounding region. It stands as a major obstacle to sustainable economic development and fiscal stability. Criminal activities such as drug...

Study and proposals for Pension Reform by ALTAX

ALTAX presents today a detailed study on the challenges and necessary reforms for the pension system in Albania. This analysis highlights current issues such as population aging, high emigration, and the informal economy, and proposes concrete measures for a more...

Will this appreciation of the Euro against the Lek at the end of January 2025 be long-term?

The strengthening of the euro in Albania by three points at the end of January 2025 compared to the beginning of the month can be explained by a number of formal and informal factors that influence the foreign exchange market...

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