Seven post office employees arrested for embezzling pensions

Seven employees of the Albanian Post Office ended up in police custody this Thursday. They are accused of embezzling the pensions of citizens who live abroad as well as the payments of disabled people. Their arrest was made after the citizen’s complaint. Detainees worked in Dibra, Shkodra and Tropoja, while their actions have caused economic […]

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Sejko Warns Middle East Tensions Threaten Global and Albanian Economy

The Governor of the Bank of Albania, Gent Sejko, said that tensions in the Middle East remain a major source of risk for the global and Albanian economy. He stressed that the impact of the conflict depends on its duration and intensity. As a result, inflation risks rise, while economic …

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Bank of Albania Keeps Base Interest Rate Unchanged at 2.5%

The Supervisory Council of the Bank of Albania has decided to keep the base interest rate unchanged at 2.5%. Governor Gent Sejko announced the decision during a press conference. He also said the Council kept the overnight deposit rate unchanged at 1.5% and the overnight lending rate at 3.5%. The …

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Begaj Attends 25th Anniversary of Albania–US Military Cooperation

President Bajram Begaj attended the 25th anniversary ceremony of cooperation between the Albanian Armed Forces and the New Jersey National Guard in Zall-Herr. During the event, officials from Albania and the United States gathered alongside senior defense representatives. In his speech, Begaj stated that the strategic partnership with the United …