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 11, 2017

Cold Snap Risks affecting Albanian Livestock Farmers

Another difficult problem posed by the situation with the snow and frost of these days, it is the protection and nutrition of small ruminants and cattle, especially in the mountainous area of the country. Rural highlands are almost fully isolated from the cold snap causing snow and ice; therefore it is impossible for vehicles to have access to the roads system. So, among other things, livestock ...

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 ...

by AgroWeb on December 13, 2016

17 Albanian Agribusinesses Awarded International Safety and Quality Certifications

Agriculture in Albania? One of the most profitable fields to invest. The land? Exceptionally fruitful. Climate? Very favorable. But what impedes Albania’s production to be the best of the best not just locally but in international terms? Would it be possible to consider all of Albanian products being totally safe for Albanian consumers, as well as penetrating global markets? Yes, there ...

by AgroWeb on November 30, 2016

Albania to open first agricultural stock market

Minister of Agriculture, Rural Development and Waters Administration, Edmond Panariti, unveiled on Wednesday the platform on agricultural stock market, defining balanced pricing on the basis of auctions. During a meeting in Tirana with the participation of experts, minister Panariti said time is ripe to take a tough stand on the flaws in relations between producers of agricultural sector. &ldquo...

by AgroWeb on November 22, 2016

AGIS innovative platform to boost financing and employment in agriculture

A new unique, necessary and innovative system was launched on November 22, 2016. The AGIS system which represents the most reliable and all inclusive platform of statistics and agricultural data in Albania, provides a crucial mechanism for the growth and development of businesses in agriculture and beyond. The innovative and professional AGIS platform, is the first of its kind in Albania. The ...

by AgroWeb on October 13, 2016

EU in Albania: Agriculture sector engine of economic growth

Minister of Agriculture, Water Administration and Rural Development Edmond Panariti called for the assistance of EU experts and institutions in developing best agricultural and rural development policies. An agricultural policy forum, co-organised by the European Commission and the Ministry of Agriculture, Water Administration and Rural Development, was held in Tirana to exchange ideas, ...

by AgroWeb on September 23, 2016

Albanian Agriculture To Benefit EUR 71 Million EU Fund

Good news for Albanian farmers and agribusinesses that seek financing for their investments. The Albanian government has formally submitted its application to the European Commission to obtain Operating Structure accreditation for managing the fund worth 71 million euros under IPARD 2014-2020 program. Through the support of IPA 2008, an Operating Structure has been created and assisted to comply ...

by AgroWeb on July 29, 2016

ProCredit Bank Albania joins Albania Agribusiness Support Facility

€15 million risk participation facility will allow increased lending to eligible agribusinesses. ProCredit Bank Albania Sh.A (PCBA) has become the first financial institution in Albania to receive a €15 million risk participation facility under the new Albania Agribusiness Support Facility. The facility is an innovative product that will enable PCBA to expand its lending to ...

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 June 29, 2016

Vegetables - Albanian Gold Mine

Agriculture is becoming hot, a gold mine for the Albanian economy. The figures are crystal clear. Vegetable production last year grew by 8.4%, according to statistics published by the Institute of Statistics. Albanian agriculture is experiencing a revival, with total agricultural products reaching record highs, farmland increase, sector employment growth, and new enterprises booming. According ...