Average interest rate on new ALL loans falls to 6.3%
TIRANA, August 14 – Banks lowered interest rates on several major lending segments during the second quarter of the year. However, consumer loans and euro-denominated mortgages for individuals followed a different trend. Bank of Albania data show that the average rate on new ALL loans fell to 6.3%, from 6.5% …
Grant-funded startups report growth in jobs, revenue and clients
TIRANA, August 14 – Startups supported through Albania’s grant scheme in 2024-2025 have increased their activity, employment, revenue and number of clients. Economy and Innovation Minister Delina Ibrahimaj shared data on the performance of the businesses after receiving grant funding. She said Startup Albania supports Albanian startups through the grant …
Euro and British pound continue to weaken against ALL
TIRANA, August 14 – Major foreign currencies recorded slight movements against the ALL, according to the Bank of Albania’s official exchange rate. The euro fell by 0.09 ALL from the previous day and trades at €1 = 92.92 ALL. Meanwhile, the British pound declined by 0.22 ALL and trades at …
Albania and Poland sign social security agreement
TIRANA, August 14 – Albania has welcomed the signing of the Social Security Agreement between the two countries by Polish President Karol Nawrocki. The Ministry for Europe and Foreign Affairs said the agreement marks an important step for Albanian citizens. It allows them to have their employment periods recognized and …
Butrint community grants scheme opens applications
TIRANA, August 14 – Butrint hosted the first information session on the Community Grants Scheme, an initiative of the Albanian-American Development Foundation (AADF) and the Butrint Management Foundation (BMF). The scheme supports new initiatives and existing projects that aim to create a positive impact in the local community. Individuals, local …
Mother Teresa’s first visit to Albania
TIRANA, August 14 – Mother Teresa made her first visit to Albania on August 14-17, 1989. The country still lived under communist rule, while her religious and humanitarian work made her a sensitive figure for the Albanian authorities. Officials classified the visit as private. Marie Goreti, an Albanian-born nun from …
Kanina offers a scenic stop on the road to southern Albania
TIRANA, August 14 – The road to Vlora offers more than access to the coast. It also gives visitors the chance to enjoy panoramic views along the journey. At the heights of Kanina, tourists can stop and admire Vlora and its bay. The viewpoint offers a wide panorama stretching from …
Saranda cited as example of public beach management
TIRANA, August 14 – Saranda has emerged as a positive example of public beach management during the current tourist season. The city has increased public access and introduced approved, balanced fees. Minister of Tourism, Culture and Sports Blendi Gonxhja said the number of public beach plots and stations has increased …
Private sector loan portfolio grows by around 14%
TIRANA, August 14 – The private sector loan portfolio grew by around 14% in the second quarter from a year earlier. The increase reflects stronger bank financing for businesses and individuals. According to Bank of Albania data, lending expanded across most categories. Businesses continue to show strong demand for loans, …
BIRN Reality Check: What Has Albania’s AI ‘Minister’ Achieved So Far?
Nearly a year after Prime Minister Edi Rama introduced an AI chatbot as a ‘virtual minister’ in his cabinet to tackle corruption, has the technology been a success? Original post Here
Prime Minister Edi Rama outlined plans to improve communication between citizens and public institutions following a meeting with Socialist Party political leaders in Pogradec. Rama said the meeting focused on “Besa”, government presence on the ground and a new communication system designed to strengthen direct contact with citizens. He also …
A strong earthquake struck Japan early Sunday, with its epicenter in Ibaraki Prefecture. The tremor also reached the Tokyo area. So far, the Albanian Embassy has reported no deaths or major damage. However, the earthquake injured several people, and the Embassy wished them a speedy recovery. Meanwhile, the Albanian Embassy …
Albania U-21 opened its “Taranto 2026” campaign with a 1-1 draw against Italy in Group B. The match took place in Lecce. The Red and Blacks made a strong start and took the lead just before halftime. Rajmond Marinaj scored in the 45th minute to put Albania ahead. However, Italy …
President Bajram Begaj met with the Arbëresh community in San Marzano di San Giuseppe, in the province of Taranto, highlighting its historic role in strengthening ties between Albania and Italy. During his visit, President Begaj was welcomed by local authorities and residents. First, he laid a wreath at the bust …
Tourism, Culture and Sports Minister Blendi Gonxhja met Italian Sports and Youth Minister Andrea Abodi during the Taranto 2026 Mediterranean Games. The ministers discussed stronger cooperation between Albania and Italy in sports and youth policies. They focused on sports infrastructure, staff training and sports medicine. They also stressed the need …
The “Freedom Has a Name” platform has presented the civic initiative “Kosovo Is Waiting,” as part of which a “March for Freedom” will be held in Pristina on September 12, ahead of the verdict by the Kosovo Specialist Chambers in The Hague concerning former leaders of the Kosovo Liberation Army …
Euronews journalist Eni Ferati has obtained the testimony given before the Saranda Court by Sokrat Vata, the suspect in the killing of a 21-year-old Portuguese tourist, Luis Miguel Varela Mendes in Ksamil. Vata admitted responsibility for the killing but gave his account of the circumstances, claiming that amid the mass …
The excavation and exhumation of human remains at three locations in Mala Kaludra and Jabuka, in Zubin Potok, where three mass graves have been confirmed, have been completed, Kosovo’s Government Commission on Missing Persons announced. The excavations began in late July in villages in northern Kosovo, and authorities have confirmed …
President of the Republic Bajram Begaj has visited Italy, where he attended the opening ceremony of the “Taranto 2026” Mediterranean Games in support of the Albanian team of athletes. During the visit, President Begaj was welcomed by his Italian counterpart, Sergio Mattarella, as well as by Italian Prime Minister Giorgia …
Prime Minister Edi Rama will gather his government cabinet for a two-day meeting in Pogradec on August 23 and 24. The meeting will be held in a “retreat” format, with ministers expected to report on the work carried out so far and present their priorities for the coming months. The …