remittances

The return of emigrants: An opportunity for Albania or an unattainable challenge?

The return of Albanian emigrants to their home country is a complex issue that encompasses economic, social, and legal dimensions. To better understand this matter, it is essential to analyze the factors that influence this process and compare them with...

Remittances, dirty money and the problems they leave behind

Inward flows of remittances have grown rapidly in recent years, with an average growth rate in the last 3 years (2021-2023) of 10.5% and dominate all other annual financial flows from sources abroad. Despite these trends, which began to increase...

What further lowered the exchange rate level at the start of the 2024 tourist season?

Euro in its exchange with the Lek at the beginning of May 2024[1] has depreciated on average by 3.7% since the end of 2023. If we look at the exchange rate of the Euro with the Lek, at...

Why are remittances still high in the Western Balkans?

Remittance flows for 2023 in Albania reached the amount of 929 million Euros, which have increased from last year by 95 million Euros more and are directed directly towards families for daily consumption, expenses for education, health, maintenance and travel....

Inflation, consumption, economic growth and impacts in 2024

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...

What affects inflation and exchange rates in Albania?

In a previous study of ALTAX [1], we mentioned all the factors analyzed and listed, which are the influences on the variations of the foreign exchange rate and inflation. From this previous analysis, we conclude that because of the...

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