Albania’s Blue Economy: Navigating Maritime Business Opportunities      Nestled along the picturesque coastline of the Adriatic and Ionian Seas, Albania is awakening to the untapped potential of its maritime sector. Known for its rich history and stunning landscapes, the country is now setting sail towards a new era of economic growth through the development of its Blue Economy. Albania … Read More

Albania’s Economic Growth / GDP Surges by 3.46% in Q3 2023        In a positive turn of events for Albania, the nation’s Gross Domestic Product (GDP) has experienced substantial growth, marking a notable increase of 3.46% in the third quarter of 2023. This economic upswing reflects a resilient and dynamic economy that continues to demonstrate its potential on … Read More

New Changes to Income Tax Nr. 29/2023In accordance with Article 101 of the Constitution, with the proposal of the Minister of Finance and Economy, the Council of Ministers DECIDES: In Law No. 29/2023, “On income tax,” as amended, the following changes and additions are made: Article 1 In paragraph 1 of Article 65, the words “… and no later than … Read More

2024 Government Initiative: Streamlining Tariffs and Tax PoliciesThe Albanian government plans to phase out reduced tariffs and tax exemptions over the next two years. In an official document addressing the alignment of Albanian legislation with European Union directives, the government acknowledges the ongoing challenge of harmonization. The document outlines priorities and plans until 2030, emphasizing the need to streamline tax … Read More