Basha: National Economy in the Hands of Crime

Basha: National Economy in the Hands of Crime

During a speech in Parliament today opposition leader Lulzim Basha raised the alarm about the spread of criminal activities throughout Albania’s economic system. The construction sector is falling in the hands of crime, the tourism sector also, and the banking sector through the efforts of specific gangs that are shielded directly by Edi Rama. Shocking […]

The Cortege of Hypocrites

The Cortege of Hypocrites

Yesterday, around 3 o’clock in front of the Palace of Congresses, a curious manifestation was staged in front of a forest of cameras, attracting the attention of a few passersby. Young, well-dressed boys and girls carrying uncommon black balloons and signs with the logo of the Ministry of Finance and the slogan “Ask for the tax […]

RCC Balkan Barometer: Corruption and Poverty Rule Albania

RCC Balkan Barometer: Corruption and Poverty Rule Albania

Yesterday the Regional Cooperation Council (RCC) presented in Brussels the 2017 edition of the Balkan Barometer, “an annual survey of citizens and business communities’ opinion on the situation in the region.” The RCC was founded in 2008 as an “all-inclusive, regionally owned and led cooperation framework” in South-Eastern Europe. The Balkan Barometer measures the socio-economic […]

Has the Economy Indeed Grown 4%?

Has the Economy Indeed Grown 4%?

The economy of a country grows when the internal consumption grows (public and private, both consumption and investments), when the trade balance grows (the export of products and services produced in a country minus the imports), or when money comes from the outside (foreign investments or remittances from emigrants), which are then transformed into an […]

Only the Rich Buy New Cars

Only the Rich Buy New Cars

A few days ago, Monitor published an interesting fact that is truly illustrative for the lopsided economic growth of Albania, much touted by the government. In 2016, 2,545 new cars were registered in Albania, an increase of 40% compared to the year before. Compared to the number of cars on the Albanian roads, about 300,000 […]

EBRD Report: 73% of Albanians Think Economy Has Worsened

EBRD Report: 73% of Albanians Think Economy Has Worsened

According to a report published by the European Bank for Reconstruction and Development, Life in Transition, 73% of Albanian respondents think that the economic situation has worsened compared to four years ago, while around half of them are unhappy with the healthcare offered by the state through a series of expensive public–private partnerships. The report was based […]

Rama Blames Corruption on “Economic Underdevelopment”

Rama Blames Corruption on “Economic Underdevelopment”

In an op-ed in the Wall Street Journal, Prime Minister Edi Rama strongly argues in favor of a Regional Economic Area in the Western Balkans, as will be discussed today during an EU–Western Balkans summit in Trieste. In the article, he argues that “economic underdevelopment” is partially to blame for “corrupt judges,” “corrupt prosecutors,” and […]

Western Balkan States To Create Economic Area

Western Balkan States To Create Economic Area

Reuters reports that the Western Balkan countries of Albania, Bosnia, Kosovo, Macedonia, Montenegro, and Serbia are planning to launch a project to form a regional economic area, which eventually would lead to a single market of 20 million people. According to European Bank of Reconstruction and Development (EBRD) Vice President Pierre Heilbronn, the EBRD will support […]

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