Petrit Malaj: Albania grows economy by 4% and reduces public debt

Petrit Malaj said today in Parliament that Albania achieved strong macroeconomic progress. He referred to international reports from the U.S. Department of State and the European Commission.

Furthermore, Malaj said Albania recorded 4% economic growth in 2024. He added that inflation remained controlled at 2.2%.

In addition, he noted that public debt fell significantly. It dropped from 75% of GDP in 2021 to around 55% in 2024.

He also highlighted record foreign direct investment of 1.7 billion dollars in 2024. According to him, total FDI stock reached 16.7 billion dollars.

Malaj said this reflects strong investor confidence in the Albanian economy. Moreover, he stressed progress in the fight against informal economy and money laundering.

He cited FATF and MONEYVAL evaluations.

They confirmed that Albania has addressed strategic deficiencies and is no longer on the grey list. He also said the country has reached over 95% compliance with international standards.

Furthermore, Malaj highlighted progress in the European Commission Progress Report 2025. He noted advances in Chapters 4 and 24, including financial investigations and asset seizures from organized crime.

He added that Albania submitted its Economic Reform Programme 2025–2027 on time. It also adopted a medium-term revenue strategy aimed at improving fiscal efficiency.

In addition, he said tax and customs reforms have transformed public services. More than 95% of services are now offered online.

He said this has reduced processing time and saved millions of working hours. Finally, Malaj said Albania is economically stronger, financially more stable and closer to the EU than ever before.

He stressed that EU integration remains a national strategic objective for all citizens and political forces.

/a.c/

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