productivity

Minimum Wage, not as a populist tool, but as a signal of economic development

According to historical data, the minimum wage in Albania has had an interrupted and politicized history since the 1990s. Initially, it was set to define a minimal standard of living after the transition from a planned economy to a free...

The reality of minimum wage increases in Albania and the risks for businesses and citizens

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...

Wage increases: Who benefits more, the employer or the employee?

Wage growth is a complex issue tied to multiple economic, political, and labor market factors. It has both immediate and long-term impacts on employees and employers—but who is the primary beneficiary of this process? The answer depends on the perspective...

Why does productivity remain a challenge for sustainable development?

Albania has made some visible progress during the 2022–2024 period, including moderate economic growth and important structural reforms. However, this progress has faced major obstacles that are negatively affecting productivity growth and the competitiveness of the economy. Despite economic growth,...

Economic growth of the first quarter in 2024 and of the past 10 years

Economic performance varies significantly between the first quarters of the last 10 years (2015 -2024). In a comparative view of the gross domestic product (last column), according to the quarters between each other, the year 2020 shows a decrease in the...

Average salary indicators in 2023 in the public and private sector and the need for productivity

In the latest publication of INSTAT on average salaries in the public and private sector in the fourth quarter of 2023, it can be seen that the increase in salaries is with a continuous increase, as it happened in...

What is a strong economy?

In clarifying the term strong economy, according to many definitions and criteria from most information, it is seen that it should summarize together: - High rate of economic growth. According to our commentary, this implies an expansion of economic output,...

Wage increase based on decent work, performance, and meritocracy

Wage is by far the most complex topic to be managed by businesses and the government. It can be considered a source of disappointment for all these years. But what we want to discuss today based on the opinions of...

Foreign Direct Investments related to the tax burden in the Western Balkans

Average foreign direct investment in WB6 in 2022 is US$8.8 billion. Dollars, with a high increase of Serbia and Albania, which respectively have a share of 50.1% and 15.5% of FDI in BP6. In total FDI, it is seen that only...

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