Businesses are modernizing processes, not products/ Technology and communication drive innovation in Albania
Technology and communications companies remain the most active in innovation in Albania, leading by a wide margin over other sectors of the economy.
Data published by INSTAT show that 67.9% of enterprises in the information and communication sector reported innovative activities, the highest level among all economic activities. Compared to the previous survey, the sector has maintained a high pace of investment in technology, new processes and digital services.
Following the technology sector are financial and insurance activities, where 55.1% of companies were active in innovation. Meanwhile, the manufacturing industry recorded an innovation level of 43.3%, while the electricity, gas and air conditioning supply sector reached 45%.
Growth has also been observed in transportation and storage, as well as in professional, scientific and technical activities, which shows that businesses are increasingly oriented towards the modernization of work processes and the automation of services.
The report highlights that Albanian enterprises are investing more in improving business processes than in creating new products. In total, 37.3% of companies declared innovation in business processes, while 28.4% reported product innovation.
In the services sector, process innovation reached 40.1%, the highest level among economic sectors, reflecting the expansion of digitalization, the use of new technologies, and the transformation of the way services are provided.
In the middle of the observed period 2022-2024, INSTAT estimates that innovative activity in the economy has continued to expand, driven mainly by large companies and sectors with higher technological intensity.
Albania, cooperation with Austria on financial challenges/ Sejko: We are mindful of the risks related to digitalization and cyber attacks
The Bank of Albania will have close cooperation with the Bank of Austria in terms of sharing experiences and expertise, but also in addressing common risks......
Rama announces new reform for the Cadastre/ "Property rights, in focus of negotiations with the EU"
Prime Minister Edi Rama participated in the regional conference on digital transformation, legal security of property and European integration. In his......
Discipline for the disposal of inert waste/Lack of landfills, draft: Will be dumped in temporary landfills
As the disposal of inert waste is considered one of the environmental and urban problems in the country, the Ministry of Environment has issued for public......
High prices reduce oil consumption/ April marks the turning point, 52 thousand tons cleared
Albanian citizens appear to be limiting vehicle movements due to the high price of oil during this period. Official data from the General Directorate of......
From the global "granary", to the Albanian market/ USA, Brazil and China feed the world. Albania relies on Italy and Greece
While the US, Brazil, and China are today considered the superpowers that "feed the world," Albania relies mainly on European partners for the supply of food......
350 million lek for the "Coastal Road"/ Kavaja Municipality opens the competition, the project aims to ease traffic
The Municipality of Kavaja has announced the opening of the competition for the revitalization of the “Coastal Road” project, phase one, with a limited fund......
Rules for fishing vessels change - Draft/ Mandatory installation of monitoring systems, measures and controls are strengthened
The fishing sector in Albania will be further strengthened, in line with the requirements and standards for the European Union market. The Ministry of......
Cultural reform, National Strategy/New financial model published, aims to double the budget to 0.8% of GDP
The draft decision for the "National Strategy for Culture 2026-2030" has been released for public consultation, which foresees the injection of 10 billion......
