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 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 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, ...