Albania’s economic history shows that the country has gone through different periods of growth, often closely linked to new political spaces and economic opportunities. After 1991, economic liberalization and large-scale privatizations created an initial boost in productivity, but it was...
The accumulated debt by public companies in Albania does not represent merely a technical accounting issue, but a deep symptom of structural deficiencies in the way these entities operate in relation to the state, market, and society. Companies such as...
In this current economic background, inflation in Albania rose to the highest levels in decades. Initially, the higher inflation was seen as transitory, reflecting increases in relative prices for a small number of items affected by the pandemic. But inflation...
Albania is preparing a Medium-Term Revenue Strategy (MTRS) to finance its development spending of an estimated 2.2–3.0 percent of GDP over five years. Revenue mobilization will be supported by comprehensive tax policy and administration reforms. International and regional comparisons suggest...
The main source of tax revenue in Albania is value added tax (VAT). The weight of VAT tends to be broadly close to the level of development of the region and is still comparable to that of the Western Balkan...
An additional factor that stimulates Albania's economic growth is the country's rapid integration into the regional economy and the vision to have an open door to the European economy. Exports for the period 2009-2019 increased from US.D 1.2 billion in 2009...
