by AgroWeb on June 15, 2016

How much money the world historically gave to Albania

Foreign aid it’s like a mask of oxygen for a dying economy. And Albania throughout its modern history, with the exception of the disastrous “self-reliance" period in the 1970s and 1980s, has relied on foreign aid to achieve economic growth. In contradiction to what Nobel Prize laureate, Angus Deaton believes, that foreign aid does more harm than good and hurts rather than help ...

by AgroWeb on June 13, 2016

Albanian women – “Rule the business”

If an economy runs like an engine, ask yourself why so many of these engines are running only at half speed? Too many emerging economies are ignoring the skills and potentials of half of their workforce; the one of women. They create more jobs, a growing economy and healthier happier people. Nothing feministic here, just a question of equality. Even though we are far from singing Beyoncé&...

by AgroWeb on June 10, 2016

China slips quietly into Albania

Albania has become a hunting ground for Chinese companies keen to take control of prized companies such as Tirana International Airport, Bankers Petroleum and Arber Road and overlooking other important sectors such as tourism and agriculture. In December 2014, the construction of one of the most important segments of the Arber Road was awarded to “China State Company”. The new two-...

by AgroWeb on June 9, 2016

Albania Agriculture: the hot ticket for growth

The European Union sees Agriculture as a hot ticket for Albania’s growth. The sector could turn to be the powerhouse of the Albanian economy. To set this in stone in the next four years Albania will receive 71 million euro funds (2016-2020) from the European Union, while together with the national co-financing and the private sector's contribution the total investment figure in agriculture ...

by AgroWeb on May 25, 2016

Justice reform fear hits Foreign Direct Investments

Imagine that you are an entrepreneur somewhere in Northern Europe. Things are going very well for your business. You have a turnover of let’s say 1 billion Euros and have the competition on your heels. You feel like a hidden hero, and want to come up and expand. What you do in this case, is look at new opportunities and new market to invest. Let’s say you look at Albania. What would...

by AgroWeb on May 3, 2016

New Facilitating Measures Introduced to Boost Agribusinesses

The facilitative scheme introduced by the Albanian Minister of Finance Arben Ahmetaj includes additional measures part of the agriculture package drafted and approved by the government in the autumn of 2014. The compensation scheme for farmers was extended from 6% to 20% in 2014, providing a direct stimulus for Albanian farmers enabling the expansion of their production activities. “This ...

by AgroWeb on May 13, 2016

EBRD: Energy sector to boost Albania economically

EBRD has trimmed down the projection for growth for many countries, while maintained its projection for Albania's gross domestic product (GDP) growth at 3.3% in 2016 and projected a 3.5% expansion for 2017. EBRD sees the Albanian economy picking momentum, but that still will require an active fight against informality and reduction of non-performing loans which is critical for restoring credit ...

by AgroWeb on May 6, 2016

Yngve Engstrom: Fight corruption to save the economy

Justice Reform is undoubtedly a current hot-button topic in Albania. It is political. It is social. And it is economical. For Yngve Engstrom, high EU official, and Head of Cooperation at the EU Delegation to Albania this is one of the most ambitious reforms since the end of communism and corruption the worst problem that affects the Albanian economy. In fact is not too much of a stretch to ...

by AgroWeb on April 13, 2016

Kosovo-Albania a joint venture in agriculture

It's hard to know what to trust on April Fool's Day as there are many stories that seem rather strange but are in fact genuine. The first tweets that Kosovo had officially signed the Stabilization Association Agreement with the European Union would have passed easily for a prank on April 1st , if it weren’t for the High Representative of EU, Federica Mogherini to announce the big news ...

by AgroWeb on April 4, 2016

TAP and the economic boost to Albania

It was spring of 2007 when gathered around a table in Baku, Azerbaijan, high EU officials decided to take one of the biggest decisions that would change the fate of many countries, economic and political wise. They decided to cut the dependency with Russia over gas by opening the way for a multi-billion infrastructure project that would supply Europe with a new gas source. That spring the love ...

by AgroWeb on March 9, 2016

How the Greek Crisis affects Albanians

Whatever happens to Greece, doesn’t stay in Greece. Like it or not Greece crisis proved to be a domino with ripple effects on the Albanian economy. We didn’t go through the economic abyss as many feared, but we sure did feel the drowning effects in terms of remittances, Foreign Direct Investment (FDI) and trade balance. The Greek crisis hit hardest the economic sectors where migrants ...

by AgroWeb on February 24, 2016

The Albanian Milk Boom

A recent Italian study on milk consumption nationwide described Albania as a Milk Democracy, referring to the high consumption of milk before and after the 90s. The study ranks Albania in the fourth spot among all other world countries for milk consumption per capita. According to the study, if these figures on milk would be an accurate indicator of democracy then the “milk democracy&rdquo...

by AgroWeb on February 12, 2016

Farmers smell success in Malësi e Madhe

Heading northward from the city of Shkodër, between the lake and the mountain, the Koplik village with red lands and calcareous rocks has a reputation far beyond its humble size. The medicinal herbs that spontaneously grow in this land stuck in between mountains, know how to make the most of it. In the small village in Malësi e Madhe, beside the strong smell of sage and lavender you can ...

by AgroWeb on September 13, 2016

Who is Albania’s main wheat supplier?

Balkan regional countries have witnessed and experienced some strong hits stemming from both trade wars and agreements such as CEFTA (the Central European Free Trade Agreement). These hits have resulted in huge shocks to the joint dream of a Balkans Shengen area. Trade exchanges between Balkan countries have experienced a slight improvement, but the fact is that not all countries have equally ...

by AgroWeb on January 14, 2016

This is what makes Albania richer

When ships arrive at Durres port after their seven-week voyage from Asia, they are laden with fridges, furniture, food and shoes. On the return journey, 60% of the containers that pass through the nation’s main sea-trade artery are empty. On the international trade Albania remains an export pygmy and an import little giant resulting in a negative balance of trade. Albania’s biggest ...

by AgroWeb on January 9, 2016

The Business of a Passion Fruit

It's difficult to resist a perfectly elegant, red heart shaped fruit with those green leaves like a crown and delicious taste; the Strawberry. The production of strawberries in Albania began five years ago. Initial yields during the first 2-3 seasons were estimated in the range of 40 -50 tons kg per hectare. The production area is now based upon the Camarosa variety to a large extent and other ...

by AgroWeb on December 21, 2015

EBRD forecasts 3.3% economic growth for Albania

The region’s economy took some punches earlier this year. Now the stage is set for a comeback. While the Albanian economy will experience a progressive economic growth in the upcoming year, according to a report published by European Bank of Reconstruction and Development that predicts a growth of 3.3% for 2016. EBRD sees the Albanian economy picking momentum, but that still will require an...

by AgroWeb on November 24, 2015

Balkan Harmony Spoilt by Agro Conflicts

The Balkans produces more history than they can consume, according to Winston Churchill. They may also produce more history than the EU can digest. While EU and the Balkan countries itself are yet digesting a history full of indigestible conflict here it comes up another issue named by the Albanian Ministry of Agriculture as “A Trade War with Macedonia”. Macedonia is banning the ...

by AgroWeb on November 3, 2015

Way out of informality

Living in rampant poverty; holding little or no hope that life can be better; struggling on a daily basis just to survive. This is the existence of informal workers. They are usually small farmers, street vendors, wage laborers working in tiny enterprises on a regular, casual or contract basis. Many rely on a single micro-company or middleperson for their survival. Others are almost invisible, ...

by AgroWeb on August 14, 2015

A rising inflation and implications for the Albanian economy

Central bankers’ worse nightmare is when the inflation genie escapes from the bottle, and they cannot coax it back in, as quickly as it was let out. The option of targeting a high inflation to boost the economy at the expense to devaluing people savings, shattering price stability comes always with a hefty price. It isn’t a kid’s game or even worse as the Greek philosopher ...