“The Green Agenda requires budgeting” - Muço: To be integrated into the framework of public finances. Bashmili: Importance, also of local finances
Albania has undertaken a series of environmental and climate commitments within the framework of the Green Agenda, but for these commitments to translate into tangible results, it is essential that they are supported by financial resources, planned and managed in a sustainable manner. At the National Conference “Budgeting with Integrity in Albania”, organized by the Institute for Democracy and Mediation, the ways in which policies should be translated into concrete budgetary projections were discussed, proposing the integration of green budgeting into the public finance framework.
"The adaptation costs are certainly relatively high for the modest budget that Albania has. They reach 6 billion for the next 10 years or 0.6 - 1% of Gross Domestic Product per year. It is suggested to integrate the green budget into the existing framework of public finance management. The same thing that happened with gender budgeting, which was decided, was defined by law and now the ministry defines a fund, where last year it was about 700 million lek", - said public finance expert, Klodian Muço.
According to environmental experts, climate change, renewable energy, or the circular economy are key challenges for the country, so smart budgeting, especially at the local level, must be based on strategy.
"The connection of national policies with policies and actions that occur at the central level has a very large fragmentation. Today, all municipalities should have already implemented parts of the Energy and Climate Plans, which should be based mainly on the law "On Climate Change" and the law "On Energy Efficiency", as well as on the strategies and action plans for climate change that are at the national level, but the municipalities that we monitored did not have these plans", - said expert Kristi Bashmili, from the All Green Centre organization.
The importance of environmental policies being accompanied by concrete budgetary forecasts is a necessity not only to effectively respond to the challenges of climate change, but also in terms of fulfilling the conditions for membership in the European Union.
Businesses, loans for "survival" and not for strategic growth/ Equipment loans expand significantly in August, but new businesses remain outside
Albanian businesses continue to borrow mainly to cover immediate financial needs rather than for long-term investments. Bank of Albania data for the period......
Citizens optimistic about large purchases - BoA: Confidence in the economy shrinks by 1.3 points. Services and consumers, the only ones growing
Confidence in the economy has not stopped its downward trend in September. According to the Bank of Albania survey, the economic sentiment indicator shrank......
BoA intervenes, but the depreciation of the euro does not stop - It bought 161 million euros in the first half of the year, 45% of this amount in just 2 months
The Bank of Albania purchased 161.6 million euros in the domestic market during the first half of the year, with the aim of increasing foreign exchange......
The more schooling, the less entrepreneurship/ Half of young people with higher education are employed, but only a few dare to become self-employed
The latest data on the Albanian labor market in 2024 sheds light on an interesting phenomenon that is closely related to the educational level of young......
Albania less "aged" than the European average/ Elderly dependency ratio reached 33.3% in 2025
The old-age dependency ratio, defined as the percentage of elderly individuals (aged 65 and over) relative to the working-age population (people aged 20 to......
Albanian watermelon, the most sought-after product in the world! - In just 8 months, 54.6 thousand tons were exported to foreign markets
The amount of products produced on Albanian soil that have gone to world markets has reached 361,994 tons by August 2025. Compared to the January-August......
The university is losing ground, young people are moving towards trades - Hasalla: The mindset has changed, vocational education is taking priority
Between January and August of this year, 7,589 individuals received vocational training. These figures show an increase of 49% compared to the same period......
“High-level security for critical infrastructures” - More requirements in agreements with third parties. Contingency plans for cyber attacks
Critical and important information infrastructures will implement several new measures to improve their cybersecurity. These include the systems of OSHEE,......
