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
Albania, the Board of Peace, the International Stabilization Force (ISF), and the Gaza Task Force have officially finalized a Participating State Agreement, paving the way for Albania’s involvement in the International Stabilization Force. Albania will provide additional support for security operations and operational planning capabilities for the mission in Gaza. …
1,500 police officers have been deployed to ensure security during the protest announced by the Democratic Party (DP), which is expected to begin at 12:00 p.m. Several water cannon trucks have also been stationed around the Prime Minister’s Office and are expected to be used against protesters if acts of …
Prime Minister Edi Rama, in a statement on social media, reiterated his claim that violence during recent protests in Tirana was caused by ideologically radicalized individuals, religious extremists, and people with criminal backgrounds disguised as students. Rama stressed that protesting is a right that must be guaranteed in every democratic …
Prime Minister Edi Rama and Interior Minister Ervin Demo held a joint press conference this Saturday regarding the protests in the capital. Rama said that insisting on continuing protests while refusing dialogue was pointless, stressing that protesters were afraid to engage in talks for fear of being labelled traitors. “When …
Albania will host the Euro-Mediterranean Regional and Local Assembly (ARLEM) for the first time. The forum aims to strengthen cooperation between local and regional authorities in EU member states and countries across the southern Mediterranean. Over three days, more than 80 representatives of local and regional authorities will discuss shared …
Albania will protect the constitutional right to protest while taking firm, lawful measures to prevent violence and maintain public order, Interior Minister Ervin Demo said on Thursday. Speaking from San Patrignano, Italy, where he is attending an international high-level meeting on addiction prevention and rehabilitation, Demo discussed public safety with …
Albania has taken the first step towards building a new French Lyceum in Korçë, a public school of excellence that will focus on science, technology and multilingual education. Education Minister Mirela Kumbaro announced that the government has approved the draft law for the project. The new school will be established …
Twenty hotels in Albania have been selected for the prestigious Michelin Guide’s hotel collection, giving the country greater visibility among international travellers. Tourism, Culture and Sport Minister Blendi Gonxhja announced the selection, describing it as an important step in promoting Albanian hospitality worldwide. The selected hotels are located across several …
Albania has signed an official agreement to participate in the International Stabilization Force (ISF) in Gaza, reaffirming its commitment to international peace and security efforts. The signing ceremony took place on Thursday at the General Staff Headquarters of the Albanian Armed Forces in Tirana. Albanian Armed Forces Chief of General …
The maritime, air and amphibious capabilities of Allied forces took centre stage aboard the Turkish ship TCG ANADOLU and along the Albanian coast during Neptune Strike 26-4 on October 19, 2026, demonstrating the cooperation and readiness that underpin NATO’s collective defence. The event was attended by senior officials, including defence …