Western Balkans

Albanian capital outflows abroad (2015–2025), an increasing trend and implications for the economy

During the decade 2015–2025, the Albanian economy has entered a new phase of connection with international markets, where one of the most significant developments is the increase in the outflow of Albanian capital abroad.According to the ALTAX Observatory analysis on...

How Corruption Distorts Capital Allocation in the Western Balkans (WB6)?

In public debate, corruption is often treated as a problem limited to the direct theft of public funds, bribery, or abuse of office. However, from an economic perspective, its damage is far deeper. Corruption operates as a systemic mechanism that...

6.7 billion Euros per year is the invisible cost of corruption that is holding back the Western Balkans

“Western Balkans Cost of Corruption Index 2025” is the first regional publication of its kind produced by ALTAX Observatory, which builds for the first time an analytical instrument that measures not only the perception of corruption, but the real...

Are Albanian capital outflows abroad a signal of economic maturity or a symptom of structural weaknesses?

Albania has recorded a notable acceleration in capital outflows in recent years, combining the legitimate diversification of private wealth with the possible integration of funds of questionable origin into international assets. According to Eurostat, the stock of real estate owned...

ALTAX Publishes its 14th Report on Tax Burden 2025 and Fiscal Freedom Day 2026 in the Western Balkans

ALTAX, a Fiscal and Economic Research Center in Albania today publishes its 14th annual report, an in-depth comparative analysis of tax burden and Fiscal Freedom Day in six Western Balkan economies. The report “Tax Burden 2025 and Fiscal Freedom Day 2026...

Western Balkans begins to benefit from EU Growth Plan, with Albania one of the first beneficiaries

In 2025, the Western Balkan countries began receiving funds from the European Union’s Growth Plan, a €6 billion package aimed at accelerating the region’s integration into the EU through economic, infrastructural, and institutional reforms. Albania Albania is among the first countries to...

Study on Infrastructure Investments in Albania and the Western Balkans: Perspectives and financing needs

This is a study by ALTAX on infrastructure investments in Albania and the Western Balkans: perspectives and financing needs. In 2025, Albania and the countries of the Western Balkans will enter a crucial phase of infrastructure investments, which are key to...

Healthcare Expenditures in the Western Balkans: Focus on Albania and 2025 Outlook

Our summary analysis of healthcare expenditures in Albania and the Western Balkans shows that Albania spends €312.5 per capita, which is lower than most countries in the region. Kosovo, North Macedonia, Serbia, and especially Montenegro allocate larger budgets to the...

On Fiscal Policy in Albania and the Region and its impact on economic growth

📘 The study "On Fiscal Policy in Albania and the Region and Its Impact on Economic Growth" presents a detailed analysis of how tax incentives and fiscal policies have influenced economic development in Albania and the Western Balkans. 🛠️ Key Issues...

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