Albania

Albanian central bank raises policy rate to 2.25%

bne IntelliNews October 5, 2022

Supply-side shocks and heightened uncertainty in international markets are pushing up inflation in Albania.

Albania signs $6mn satellite deal to fight drugs and crime

bne IntelliNews September 30, 2022

Tirana agrees with US-based Satellogic USA Inc. to develop a dedicated satellite constellation that will enable satellite monitoring of the country’s territory.

More pain stored up for Emerging Europe in 2023

bne IntelliNews September 29, 2022

Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.

Albanians trust international organisations and religious institutions more than their politicians

bne IntelliNews September 22, 2022

More than 70% of Albanians trust the EU, the UN and Nato compared to only one quarter who trust the president or political parties.

Albania’s ex-president Meta reported to prosecutors over ‘outrageous’ spending on beauty treatments

bne IntelliNews September 18, 2022

Lawyer accuses Meta and his family of money laundering in one of a series of corruption accusations made since presidential term ended in July.

Albania’s opposition Democrats to probe allegation party received $500,000 from Russia

bne IntelliNews September 14, 2022

US State Department says Russia covertly channelled over $300mn to foreign political parties, with Albania, Bosnia and Montenegro believed to be among the countries targeted.

Southeast European governments rush to offer new anti-crisis packages

bne IntelliNews September 9, 2022

Albania and Croatia the latest to announce new measures to help their populations cope with soaring prices.

VISEGRAD BLOG: Putin’s cost of living crisis has already caused mass demonstrations in Europe, but will they get worse?

Ben Aris in Berlin September 8, 2022

Last weekend 70,000 protesters gathered on Wenceslas Square in the heart of Prague to demonstrate against the rising cost of living and demanded a rapprochement with Russia. Will demonstrations spread across Europe as the crisis gets worse?

Albania cuts diplomatic ties with Iran over cyberattack that downed government sites

bne IntelliNews September 7, 2022

Albanian Prime Minister Edi Rama gave Iranian diplomats 24 hours to leave the country.

Russia blamed for wave of hacker attacks in Southeast Europe

bne IntelliNews August 28, 2022

Widespread attacks on Montenegrin state institutions and Bulgaria's opposition Gerb party follow shutdown of Albanian government services.

Corruption probe launched into Albania’s ex-president Meta

bne IntelliNews August 25, 2022

Investigation revealed one month after Meta's presidential term ended as he seeks to revitalise the opposition Freedom Party.

Romanians least likely in the EU to read news online

bne IntelliNews August 24, 2022

Across the EU 72% of EU internet users aged 16-74 read online news sites, newspapers or news magazines, but only 59% of Romanians read news online.

Albania has Europe's oldest car fleet

bne IntelliNews August 22, 2022

Albania, followed by neighbouring North Macedonia, has the oldest car fleet out of 29 countries assessed by Eurostat, with under 1% of cars on its roads less than two years old.

TikTok trending Albania heads for record summer tourist season

Clare Nuttall in Saranda August 20, 2022

With holidaymakers squeezed by the rising cost of living, Albania's reputation as a budget destination has become a major selling point.

bneGREEN: Cleaning up the Western Balkans’ waste problem

Clare Nuttall in Glasgow August 17, 2022

Waste generation has increased sharply in recent decades, but waste management infrastructure has in general failed to keep up.

Albania steps in to help Kosovo avoid electricity rationing

Valentina Dimitrievska in Skopje August 15, 2022

Kosovo's energy companies had planned restrictions on power use as the coal-dependent country faces a crisis in the energy sector.

Population decline to take Emerging Europe back to the early 20th century

Clare Nuttall in Glasgow August 12, 2022

Population decline across almost all of Emerging Europe will result in the populations of many countries dropping to levels not seen since the early 20th century.

Drought damage to European grain harvest piles on top of Ukraine war impact

bne IntelliNews July 28, 2022

Extreme heat and droughts across several European countries have led to forecasts for this year’s harvests being reduced.

UK blacklists Albanian opposition leader Sali Berisha

bne IntelliNews July 23, 2022

Albanian opposition leader and former president Sali Berisha said he has been banned from entering the UK because of alleged links to criminal groups.

Firefighters battle wildfires in Southeast Europe as heatwave spreads east

bne IntelliNews July 21, 2022

The heatwave that caused havoc in Western Europe is now moving north and east, with temperatures in Southeast Europe expected to peak over the weekend.

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