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Economic Sentiment Index weakens in July as Business Confidence falls

TIRANA, August 3 – Albania’s Economic Sentiment Index (ESI) weakened in July after business confidence declined across all sectors, especially construction and trade. Meanwhile, consumer confidence improved. According to the Bank of Albania, the index remained 5.4 points above its long-term average despite the monthly decline. Confidence in industry fell …

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‘Double Your Entrepreneurship’ program offers up to €2 million loans for agri-tourism and agri-processing

TIRANA, August 3 – Businesses seeking to expand their activity can benefit from loans of up to €2 million through the government program “Double Your Entrepreneurship”. During a visit to a milk processing factory in Pogradec, Deputy Prime Minister Albana Koçiu said the program supports businesses in agrotourism and agro-processing. …

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Preparations begin for Muradie Mosque restoration in Vlora

TIRANA, August 3 – Tourism, Culture and Sports Minister Blendi Gonxhja announced the start of site preparations for the restoration of the Muradie Mosque in Vlora. He shared the update in a video published on Facebook. Meanwhile, Gonxhja described the mosque as one of Albania’s most important monuments of Ottoman …

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Albania and Germany sign three energy agreements worth €114 million

TIRANA, August 3 – Albania and Germany signed three cooperation agreements in the energy and energy efficiency sectors, with a total value of around €90 million in loans and €24 million in grants. Infrastructure and Energy Minister Enea Karakaçi and German Ambassador to Tirana Karl Bergner signed the agreements. Karakaçi …

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Rana Hedhun remains one of Albania’s top beach destinations

*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(–scroll-root-safe-area-inset-bottom,0px)+var(–thread-response-height))] scroll-mt-[calc(var(–header-height)+min(200px,max(70px,20svh)))]” dir=”auto” data-turn-id=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-125″ data-turn-id-container=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-125″ data-testid=”conversation-turn-2″ data-turn=”assistant”> The Shëngjin coastline and Rana e Hedhun Beach remain top choices for Albanian holidaymakers and international visitors. Prime Minister Edi Rama shared footage on social media showing hundreds of people enjoying the sandy beach, crystal-clear waters, and water sports at Rana …

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Around 100,000 vulnerable children to benefit from Albania’s European Child Guarantee Plan

*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(–scroll-root-safe-area-inset-bottom,0px)+var(–thread-response-height))] scroll-mt-[calc(var(–header-height)+min(200px,max(70px,20svh)))]” dir=”auto” data-turn-id=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-130″ data-turn-id-container=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-130″ data-testid=”conversation-turn-12″ data-turn=”assistant”> *]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(–scroll-root-safe-area-inset-bottom,0px)+var(–thread-response-height))] scroll-mt-[calc(var(–header-height)+min(200px,max(70px,20svh)))]” dir=”auto” data-turn-id=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-132″ data-turn-id-container=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-132″ data-testid=”conversation-turn-16″ data-turn=”assistant”> Around 100,000 children facing social exclusion or complex vulnerabilities will benefit from Albania’s European Child Guarantee Action Plan 2026–2030. The plan covers social protection, healthcare, and education. As a result, it will …

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Filip Shiroka, the poet of exile and a voice of Albania’s National Awakening

*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(–scroll-root-safe-area-inset-bottom,0px)+var(–thread-response-height))] scroll-mt-[calc(var(–header-height)+min(200px,max(70px,20svh)))]” dir=”auto” data-turn-id=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-133″ data-turn-id-container=”request-WEB:86d32a54-949e-44a4-bee3-6ecbb74e9904-133″ data-testid=”conversation-turn-18″ data-turn=”assistant”> Today marks the 167th birth anniversary of Filip Shiroka, one of Albania’s finest lyric poets and a leading voice of the Albanian National Awakening. Filip Shiroka was born in Shkodër on August 3, 1859. He attended the Franciscan school in his …

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Korça beer festival celebrates its 20th anniversary

The Korça Beer Festival will take place from August 12 to 16, marking the 20th anniversary of one of Albania’s biggest summer events. This year, the festival moves to South Pole in Drenovë for the first time. The new venue offers much more space and will welcome thousands of visitors. …

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Hot and sunny weather continues across Albania

Hot and stable air will keep temperatures high across Albania this Monday. Meanwhile, clear skies will dominate most of the country. A few passing clouds may develop over the mountains from midday through the afternoon. Minimum temperatures will drop to 14°C in mountainous areas. However, maximum temperatures will climb to …

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Korçë sees strong demand for medicinal herbs

The medicinal herb harvest has begun across the Korçë region. This season, farmers mainly collect cornflowers and mountain tea. Demand remains strong. Moreover, collectors say prices have increased compared with previous years. As a result, farmers expect higher profits. Collector and exporter Gjergji Çibuku said farmers across Pogradec, Korçë, Devoll, …

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Albania introduces digital e-Visa system for foreign nationals

TIRANA, August 14 – Albania has digitized its visa application process through the e-Visa system. The system allows foreign nationals who need a visa to apply and track their applications online. Besmir Meta, an IT specialist at the Ministry for Europe and Foreign Affairs, said the National Agency of Information …

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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% …

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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 …

News
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 …

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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 …

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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 …

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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 …

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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 …

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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 …

News
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, …

News

Albania introduces digital e-Visa system for foreign nationals

TIRANA, August 14 – Albania has digitized its visa application process through the e-Visa system. The system allows foreign nationals who need a visa to apply and track their applications online. Besmir Meta, an IT specialist at the Ministry for Europe and Foreign Affairs, said the National Agency of Information …

News

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% …

News

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 …

News

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 …

News

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 …

News

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 …

News

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 …

News

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 …

News

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 …

News

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, …