The Paradox of Banks Backing PPPs

The Paradox of Banks Backing PPPs

After the enthusiastic comments of the Rama government about the large number of investments that are expected in the context of the famous “One Billion Euro Plan,” the opposition has raised strong objections. Opposition leader Basha clearly spoke out against the project, calling it an attempt to launder dirty money, and invited the American DEA […]

Government Budget Shows Utter Neglect of Education

Government Budget Shows Utter Neglect of Education

Education continues to be a low priority for the government, and badly funded in comparison with other developed and lesser developed countries. Government expenses on education planed for 2018 are about 38.4 billion lekë (~€286 million), or about 2.49% of the GDP. Based on data of the World Bank, this makes Albania one of the […]

Property Taxes To Increase up to 40%

Property Taxes To Increase up to 40%

From January 2018, Albanian citizens will pay more taxes on their properties. In its 2018 fiscal package, the Rama government has proposed to change property taxes from being based on a fixed rate to being calculated on the basis of a percentage of the property price. This change will cost families on average 1,500 to […]

38 Businesses Close Every Day

38 Businesses Close Every Day

During 2017, on average 38 businesses closed each day. According to date from the General Directorate of Taxes, from January 1 until November 8 11,2000 mainly small businesses have decided to suspend their activities for an indeterminate time, changing their status to passive. This means that either the owner has decided to close their business, […]

IMF Worried about Government’s Economic Policies

IMF Worried about Government’s Economic Policies

In an interview with Monitor magazine, permanent IMF representative in Albania Jens Reinke has again expressed his worries about the 2018 fiscal package. Among other things, he declared that the absence of direct foreign investments is one of the reasons that the IMF has lowered its economic outlook for Albania during 2018. According to the IMF, […]

IMF Opposes Lowering VAT Threshold

IMF Opposes Lowering VAT Threshold

The International Monetary Fund has expressed its opposition against the Rama government’s initiative to lower the VAT threshold to include small businesses with an annual turnover between 2 and 5 million lekë per year, which so far had been excluded from VAT duties. In an interview with Monitor magazine, permanent IMF representative in Albanian Jens Reinke stated: […]