by AgroWeb on July 28, 2016

EBRD investments in Western Balkans promote regional and EU integration

Balkan habitually was referred to as ‘the region that produces more history than they can consume’. Whereas European Union is referred to as ‘a unification of nations that began from economic cooperation’. There is a magical formula of co-existence. Economic cooperation. That magic combination is the best package Europe can pass to Balkans. Balkan countries share a common ...

by AgroWeb on July 14, 2016

EU Commission: Corruption and Informality main obstacles to Albanian economy

Albania 3.4, Macedonia 4.0, Montenegro 4.1, Kosova 4.0. Even if you understand nothing on fiscal terms, you easily realize that Albania is not ranking high in the region. Data come from the European Commission newest report ’2016 Economic Reform Programs in Western Balkans’ and those are the numbers showing the GDP growth during 2016. Lack of access to finance, high level of ...

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 October 7, 2015

The hidden economy gets out in the open

“The informal sector in the country is neither entirely legal nor completely illegal; it operates extensively in a gray area ranging from fully within the law to entirely outside it”. The acknowledgement by the former minister of Economy and Agriculture Genc Ruli of a few years ago depicts the state of the informal economy in Albania that constitutes between 30 and 45% of GDP, ...