Loans for pensioners are "released" - Agreement between three institutions, collateral is the properties they own
Pensioners will be given the green light to access credit. The 2025-2030 aging plan document, approved by the government, states that an analysis of the current situation has identified that the elderly in Albania have limitations in accessing banking and financial services.
These restrictions in the banking system are accompanied by higher commissions than other age groups in obtaining loans to open a small business, with the aim of increasing income.
According to the document, seniors aged 60+ are unable to put their owned assets into use, such as houses, land (farmers), because they do not have access to a small loan or overdraft, where insufficient income is considered the reason, and this hinders their self-employment and income security.
For this reason, the signing of an agreement between the Ministry of Finance, the Ministry of Health and Social Protection, and the Central Bank on facilities for the elderly in the banking system is planned.
Referring to the document, at least 2 second-tier banks have offered easing criteria for senior citizens applying for loans.
The document highlights that the financial system should be involved in designing more attractive policies for this age group. This would enable older people to be active in the labor market and integrated.
The expected results of this initiative are the creation of opportunities for self-employment and an active life, as well as protection from discrimination for physically and mentally able individuals aged 60+.
Albania, between a "booming" China and a "fading" Italy/ Exports increase in May. Meanwhile, the trade deficit narrows
In May 2025, Albanian exports returned to a positive trend, reaching 35 billion lek, with a modest increase of 1.2% compared to May of last year and 6%......
Access to the “Festival Pole”, Korça is facilitated - 124.7 million lek for road infrastructure and lighting
The Albanian Development Fund has opened the tender for the improvement of local and urban transport with interventions in roads and sidewalks, lot 6 for the......
WhatsApp will soon display ads – Why could this cause negative reactions in Europe?
WhatsApp will now start showing ads on the popular messaging app after years of offering the service for free without any strings attached. WhatsApp said......
Ibrahimaj: We are advancing projects with the EBRD to strengthen business and startups
Strengthening Albanian business and startups was the focus of the meeting held by the Minister of State for Entrepreneurship and Business Climate, Delina......
Trump leaves G7 summit due to intensifying Israel-Iran conflict
US President Donald Trump left the Group of Seven summit, which was being held in a resort town in the Canadian Rockies, due to the escalating conflict......
Exchange rate/ Dollar and Pound recover!
The US dollar has registered a slight increase in value this morning compared to the continuous decline that has accompanied it throughout this period, being......
New entrance to Shkodra/Balluku: Laying of asphalt layers has begun!
Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, announced today on social networks that the laying of asphalt layers has......
Europe reduces working hours - In which countries is the biggest change observed?
Workers in Europe are gradually reducing their working hours. Over the past 10 years, average weekly working time has fallen by one hour in the European......
