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 […]

European Commission Positive on Albanian Economic Growth, Despite Many Obstacles

European Commission Positive on Albanian Economic Growth, Despite Many Obstacles

A yearly European Commission (EC) report under the title 2017 Economic Reform Programmes of Albania, the former Yugoslav Republic of Macedonia, Montenegro, Serbia, Turkey, Bosnia and Herzegovina and Kosovo: The Commission’s Over and Country Assessments, published on June 6 is optimistic about economic growth in the Balkans, predicting and overall growth of the GDP over the […]

Employment and the Unemployed

Employment and the Unemployed

One of the main reasons for the popularity of political rhetoric is that everyone can be right about what they say, no matter how the rhetoric of one side is opposed the rhetoric of the other. The prime minister repeatedly reiterates how hundreds of thousands of jobs have been created during his government, while critics […]

Serenissima- A story of Corruption and Economical Crime

Serenissima- A story of Corruption and Economical Crime

The Italian company Serenissima, which was supposed to build the bypass of Fier and Vlora, was closed. The Albanian government seized two construction sites and requested the submission of the relevant documentation within the two-week time-limit, set out in the law. The Road Authority at the beginning of April announced to the company that if […]

IMF Prediction Unchanged, 3.7% Economic Growth in 2017

IMF Prediction Unchanged, 3.7% Economic Growth in 2017

The International Monetary Fund (IMF) predicts an economic growth in Albania for 2017 of 3.7% In the World Economic Outlook of April 2016, the IMF predictions didn’t change from those of last year. For 2018–2022, the IMF predicts an economic growth of 4.4%. The IMF’s outlook is more optimistic than that of the European Commission or […]

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