by AgroWeb on April 26, 2017

Albanian agricultural exports keep growing in 2017

Albania’s agricultural exports and livestock exports kept growing in the first four months of 2017, with exports of fruits and vegetables giving an impetus to the export figures, almost doubling in value against other products Ministry of Agriculture sources said Tuesday that the agriculture is dominating the country’s economic indicators with made in Albania agricultural exports ...

by AgroWeb on April 25, 2017

Banks remove 40 billion ALL in NPL from balance sheets

Albania’s banking system has removed around 12.6 billion lek in non-performing loans from the banks’ balance sheets in 2016. Central Bank data show that the process of cleaning the banks’ balance sheets from lost loans over the past three years continued also during the past year, contributing to the improvement of the credit quality and further reduction of the non-performing ...

by AgroWeb on April 25, 2017

VAT on tourism to boost investments and employment

Parliamentary Committee of Economy and Finance approved on Monday reduction of VAT on hospitality businesses in the sector of tourism from 20 percent to 6 percent. In 2016 revenues from tourism in our country hit a record of EUR 1.5 bn, according to Bank of Albania. Meanwhile, citing the Statistics Institute (INSTAT) during 2016 our country was visited by 4.7 mln passengers marking a rise of 15% ...

by AgroWeb on April 25, 2017

Global economy performance to positively impact Albanian economy

A recent positive performance of the global economy is expected to continue during the period 2017- 2018, supported by continued gradual economic growth in developed countries and the strengthening positive contribution from emerging economies. Bank of Albania, in its latest report, states that the positive effects of accommodating monetary policy on consumption and private investment in Eurozone...

by AgroWeb on April 25, 2017

Committee for assessment of imports’ safeguards constituted in Albania

The Ministry of Economic Development, Tourism, Trade and Entrepreneurship hosted on Monday the first meeting of the Committee for Assessment of imports’ safeguard measures. This committee, in pursuit of the Council of Ministers’ decision, is chaired by minister Milva Ekonomi and consists of representatives of the Ministry of Agriculture, Foreign Affairs, Union of the Chambers of Trade...

by AgroWeb on April 25, 2017

BoA - Savings and loan institutions positive performance

The saving & loan associations have performed better during this period, however in comparison to the previous year it has contracted, according to Bank of Albania. This performance reflects the restructuring of these institutions’ activity in line with the new law regulating their activity and inclusion in the deposit insurance scheme. The financial result of saving and loan ...

by AgroWeb on April 25, 2017

Italy is Albania's main trading partner in last five years

During the period 2012-2016, the exports towards EU countries have made up 76,6 % of the total. Referring to the report of Statistics Institute (INSTAT) for the period 2012-2016, exports to the countries of CEFTA (Macedonia, Montenegro, Bosnia-Herzegovina, Serbia, Kosovo and Moldova) make up 12,4 % of exports. The main trading partner of Albania in exports has been Italy. Over the span of 5 ...

by AgroWeb on March 21, 2017

ProCredit Bank certified under ISO 14001:2015 - Environmental Management Systems

ProCredit Bank has been certified under ISO 14001:2015, the internationally recognised standard for environmental management systems. The certificate was issued by TÜV AUSTRIA ALBANIA. ProCredit Bank Albania conducts its business activities in a sustainable and environmentally friendly manner to protect the environment and prevent pollution. As a result of internal awareness, applying ...

by AgroWeb on April 12, 2017

16 Million USD to support Albanian farmers - Indigenous products a priority

In early May, Albanian Ministry of Agriculture will launch the new subsidy scheme applications for Albanian farmers. This year amounts is forecasted to be up to 16 Million USD. Representatives of Ministry of Agriculture says that priority will be the farmers who grow indigenous Albanian products. "If you will plant indigenous cultivars then you will receive 600 thousand USD compared to 500 ...

by AgroWeb on March 29, 2017

Agro-Business Forum Albania-Turkey: Boosting agricultural cooperation

Tirana hosted the Agro-Business Forum Albania- Turkey with the participation of Agriculture Minister Edmond Panariti and Turkish Minister of Agriculture, Food and Animal Farming, Faruk Çelik . Also in attendance of this event were senior officials of both countries, representatives of 49 Turkish companies operating in agriculture, processing of agricultural products as well as potential ...

by AgroWeb on March 7, 2017

Banks increase lending, despite 2016 losses

Savings and Credit Associations in Albania have significantly increased crediting in rural areas during 2016, according to Central Bank. Last year, crediting amounted to 5.5 billion Lek or up by 14.3 percent compared to 2015. Deposits in Savings and Credit Associations were up by 30 percent, meeting almost 88 percent of crediting needs. Central Bank says that Savings and Credit Associations are ...

by AgroWeb on March 6, 2017

Government to provide more help to small farmers

Government of Albania will boost its support for the sector of agriculture via subsidies and schemes that will provide direct benefits to farmers. A 16 million USD subsidy scheme will take place this year to provide support to poor and small farmers, which according to Ministry of Agriculture are a priority for the government. Large-scale farmers will be eligible for support via soft loans from ...

by AgroWeb on February 8, 2017

Smart Work Pays off at the Biggest Agro Market in Elbasan

500 new jobs. The biggest market in the area with a Eur 2.2 Million investment value. High European standards. 100 agribusinesses within the market. Aiming an investment of $1,9 Million for implementing 100% energy from solar panel system and a dedicated distribution and collection center for export purposes worth $0.9 Million. Just a simple fact checking! It’s not an electoral campaign ...

by AgroWeb on February 7, 2017

Albanians spend 1,7% of food budget for Citrus

Last year, consumer spending for citrus had a direct contribution of 1.7% in the budget dedicated to food and non-alcoholic drinks. According to data published by the Institute of Statistics (INSTAT), the largest contribution within this category remains costs for oranges and mandarins, namely around 50% of the overall expenditure. According to ATA, even the vegetable yield scored a rise. The ...

by AgroWeb on February 2, 2017

Albania central bank holds rates, promises more stimulus

Albania's central bank held its key benchmark rate at a record low of 1.25 percent on Wednesday and promised to continue providing economic stimulus until October to support investments and consumption. The bank, which has cut the rate from 6.25 percent at the end of 2008, expects average annual inflation of 2.3 percent in 2017, slightly below the bank's target of 3 percent but up from 1.3 percent...

by AgroWeb on January 24, 2017

Increase of imports from Germany, Italy and China, exports to Kosova droop down

On December 2016 the value of exports was 22 billion lekë, increasing by 22.5 % compared with the same period of previous year and decreasing by 4.5 % compared with November 2016. According to INSTAT report, the value of imports in December 2016, was 56 billion lekë, increasing by 4.4 % compared with the same period of previous year and by 12.1 % compared with November 2016. This month ...

by AgroWeb on January 13, 2017

EBRD, Societe Generale Albania sign agreement to increase local farmers’ access to finance

Société Générale Albania, a banking and financial services company, and the European Bank for Reconstruction and Development, EBRD, signed Thursday an agreement to support a lending instrument designed to increase local farmers’ and agribusiness companies’ access to finance, especially in remote regions of the country. The EBRD, together with the Albanian ...

by AgroWeb on January 11, 2017

Ministry of Agriculture outlines eligibility criteria for the financing of agriculture and rural development in 2017

The Ministry of Agriculture has launched preparations and it is working to determine the basic criteria of the sectors to be financially supported during the year 2017. Another important milestone under consideration, it is also the amount of financial benefit to be distributed from the program of funding the agriculture and rural development for 2017. This year the Ministry of Agriculture of ...

by AgroWeb on January 5, 2017

Trade exchanges with EU countries constitute 64,6 % of volume

Trade exchanges with the countries of  EU make up 64,6 % of entire trade volume. According to the foreign trade report published on Wednesday by Statistics Institute, INSTAT, in November 2016, exports to EU countries constitute 73,4 % of exports overall and imports from EU countries make up 60,5 % of imports overall. The main trade partners are: Italy (36,4 %), China (7,5 %), Greece (6,6 %) ...

by AgroWeb on December 22, 2016

Months of Agriculture - Panariti: Albanian products compete on international markets for quality

The Ministry of Agriculture, Rural Development and Waters Management, held on Wednesday “The Albanian Wine Festival”, an activity in the framework of Agriculture Months dedicated to promotion of Albanian products, reports the Albanian Telegraphic Agency ATA. In attendance of this activity were Minister of Agriculture, Edmond Panariti, representatives of different wineries, other ...