Tax Freedom Day is a symbolic event marking the moment when an individual has paid enough taxes to cover all tax obligations for the year. After this day, the income that individuals earn is considered "free" from taxes. This concept...
The 2025 budgets for the Western Balkans are shaped by the need for fiscal consolidation, improving the efficiency of public spending and aligning with EU standards, with particular attention to the defense, infrastructure and energy sectors. These efforts aim to...
For 2025, the impact of countries in the European Union (EU) accession process (such as Albania, North Macedonia, Serbia, Bosnia and Herzegovina, and Montenegro) on EU policy, as well as the reverse influence of EU policies on these countries, will...
In general, the economy of Albania is often compared to other small emerging economies in Southeastern Europe and the former Soviet Union that share similar historical experiences and growth challenges.The economy of Albania can be compared to countries of...
In the Balkans, the assessment of the most balanced national budget for 2025 in terms of sustainability, equity and efficiency includes examining how effectively each government addresses key challenges such as social inclusion, environmental sustainability and economic growth.Based on recent...
In recent years, Serbia has emerged as one of the strongest economic performers in the Western Balkans. It is the leader in terms of projected growth, with the economy expected to expand by around 3.5% in 2025. This growth 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...
The appropriate level of defense spending depends on the security environment and international circumstances to deter threats and maintain peace. Amidst the risk of a protracted conflict in Ukraine and beyond, it is not surprising to see high levels of...
In a look at the tax treatment for the entire Western Balkans of freelancers, we see that the highest tax rates are found in Albania and Serbia, respectively with 15% and 10% and 20% of their profit after some...
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) remained broadly stable at 5.8% in March 2024, after 5.7% in February (Figures 1 and 2). Headline inflation fell in 19 OECD countries with the largest...
