"Arab" fiscal tracking for imported goods - Cooperation agreement signed with the United Arab Emirates
In addition to the agreement on the underwater energy connection between Albania and Italy, an agreement was also signed in Abu Dhabi to establish a Securities Agency between the United Arab Emirates and Albania.
This agreement aims to improve and modernize fiscal processes, as well as strengthen the monitoring of imported goods, an important step towards increasing transparency and efficiency in international trade.
In particular, this initiative comes at a time when the volume of imported goods in Albania is increasing, bringing new challenges, including the increased risk of smuggling.
Ministry of Interior data show that last year (Chart 1) around 267 cases of smuggling were registered, a figure that marks an increase of around 22% compared to 2023.
According to publications by the Customs Administration, the sector most affected by these illegal activities includes alcoholic beverages and clothing, which are often sold by local traders.
This increase in smuggling cases highlights the need for stronger surveillance measures and improved customs control infrastructure.
Poll

Promotional SMS and calls are blocked - A registry is being set up that "gathers" companies and citizens. How will it work?
Promotional messages, phone calls and emails from companies in the country that offer various services and or sell products to citizens, without giving their......

US budget deficit reaches 711 billion USD - Expenditures increased, while tax revenues decreased
The US budget deficit hit a new record in the October-December period, according to Treasury Department data, as spending rose while tax revenue fell. The......

Exchange rate/ Dollar and Franc strengthen
The US dollar has registered a slight increase in value since yesterday, as it is being bought today at 94.9 lek and sold at 96 lek according to the local......

The resort in Sazan is declared a strategic investment - Decision/Project worth 1.4 billion euros will extend to 45 ha, 1,000 people employed
The project for the construction of a tourist resort on the island of Sazan has received the status of a strategic investor, as an integrated tourist project......

What "threatens" the Albanian economy? WEF: From emigration, to the inadequacy of public services and inequality
This year, the World Economic Forum (WEF) has published its report on risks to the global economy. Among the countries analyzed is Albania, which is ranked......

What are the new banks that will enter Albania? - Rrapaj: Specialized financial institutions for agriculture are essential
For 19 years, no new bank has been licensed in Albania. But this year, it seems that a foreign bank has shown interest in becoming part of the banking......

Turkish Bank Ziraat seeks to enter the Albanian market - Rrapaj: It will increase financing in the agricultural sector
A new bank has requested to become part of our country's banking sector. According to the Bank of Albania, Turkish agricultural bank Ziraat has submitted a......

Oil, falling over the next 2 years - Global production growth will exceed demand
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said in its......