World Bank: Albania economy to grow 3.4% driven by tourism

The World Bank projects that the economy of Albania will grow by 3.4% this year, mainly driven by tourism.

However, the institution warns that the conflict in the Middle East remains a major risk that could slow economic growth. It calls for stronger structural reforms to sustain the current momentum.

Massimiliano Paolucci, Head of the World Bank in Albania, said the country continues to show resilience. He stressed that maintaining this progress requires bold reforms. He highlighted the need to accelerate EU integration efforts, increase investment in human capital and digital infrastructure, and mobilize private capital.

The report forecasts growth of 3.4% in 2026 and 3.7% in 2027 for Albania.

The World Bank also notes improvements in unemployment and public debt levels, while identifying a shortage of skilled labor as a key challenge.

Albania’s economy continues to grow, supported mainly by services and construction, especially tourism. Inflation remains below the central bank target, while public debt decreases to 53.2% of GDP by the end of 2025. The current account balance also improves, driven by strong tourism exports.

Despite these positive trends, the report warns that Albania still faces high emigration levels. It also notes that growth in the Western Balkans is expected to remain slow due to external risks, inflation, and global uncertainty.

/a.c/

The post World Bank: Albania economy to grow 3.4% driven by tourism appeared first on RTSH English.

Original post Here

News
Justice institutions reject Rama’s roundtable, Prime Minister’s Office responds

Following the refusal of justice institutions to take part in a roundtable convened by Prime Minister Edi Rama to discuss magistrates’ salaries, the Prime Minister’s Office has issued an official response, expressing its willingness to continue dialogue. The Supreme Court, the Special Court against Corruption and Organised Crime (GJKKO), and …

News
Hoxha meets Bundestag EU Affairs Committee Chair: Germany supports Albania’s European path

Minister for Europe and Foreign Affairs Ferit Hoxha received Anton Hofreiter, Chair of the German Bundestag’s Committee on European Union Affairs, in Tirana on Monday morning. The Minister said in a post on X that the discussion provided a valuable opportunity to assess Albania’s progress through its ambitious reform agenda …

News
National Security Council meeting concludes

The National Security Council, convened by President Bajram Begaj, concluded its meeting held on Monday at the Palace of Brigades. The meeting began at 08:30 and was also attended by Prime Minister Edi Rama, along with the heads of the country’s main security institutions and other senior state officials. The …