Customs collections grow by 440 million lekë in October, defying exchange rate impacts

TIRANA, November 11 /ATA/ – The Customs Administration collected 21.1 billion lekë in revenue last month, marking a 440-million-lekë increase compared to the same period last year.

Official data shows this positive performance held steady despite significant currency headwinds. The depreciation of the euro (down roughly 5%) and the US dollar (down roughly 2%) against the Albanian lek reduced customs revenues by an estimated 600 million lekë.

Revenues were further impacted by an 80% cut in fuel excise duties, a measure implemented following decisions by the Transparency Board. Compared to the previous year, this cut reduced collections by approximately 400 million lekë—an amount that directly translates into savings for citizens and businesses through lower fuel prices.

Meanwhile, October saw a contraction in imports across the 29 main products that generate roughly 80% of customs revenue, a trend the administration noted occurred against the backdrop of ongoing protests during that period. /e.i/r.e/a.f/p.s./

 

Original post Here

News
Elbasan marks 82nd anniversary of its liberation with tribute to 23 fallen partisans

Elbasan marked the 82nd anniversary of its liberation on Wednesday with a ceremony honouring fallen members of the 15th Assault Brigade. Veterans of the National Liberation War, relatives of the fallen, local residents and local government representatives gathered at the monument dedicated to the 23 partisans who gave their lives …

News
PM Kurti says Serbia’s recognition of Kosovo would demonstrate genuine democracy

Kosovo’s Prime Minister Albin Kurti has set a clear condition for Serbia’s next government to recognise Kosovo’s independence. In an interview with Radio France Internationale (RFI), Kurti expressed hope that the Student List, which reportedly won Serbia’s 25 October parliamentary elections, would take a new approach to Kosovo and commit …

News
Transparency Board caps diesel at 205 lek and petrol at 164 lek per litre

The Transparency Board has set new nationwide price caps for retail and wholesale sales of diesel and petrol. At its meeting on Wednesday, 11 November, the Board set the maximum retail price for diesel at 205 lek per litre and the maximum wholesale price at 193 lek per litre. Petrol …