How much will the Albanian economy grow in 2025? - The World Bank predicts a slowdown in the pace even next year
The Albanian economy is expected to grow at a slower pace in 2025 and 2026. According to World Bank forecasts, the country is expected to have an economic growth of 3.5% this year and 3.3% next year.
The World Bank uses a different methodology to determine the growth rate of Gross Domestic Product. Forecasts show that from 2022 there has been a slowdown in the country's economic growth, where for 2024 alone, Albania's real GDP growth was estimated at 3.7%.
Since June last year, this institution's forecasts for the performance of the Albanian economy have improved by 0.1% for 2025, but have deteriorated by 0.2% for 2026.
In the Western Balkans region, Kosovo and Serbia are expected to have the highest economic growth. Meanwhile, Bosnia and Herzegovina, Montenegro and North Macedonia will see their economies improve at almost the same levels as Albania.
Overall, the past year has been positive for the Albanian economy. Inflation fell to 2.2%, while both public and external debt fell to their lowest levels in more than a decade.
The financial environment with low interest rates, together with banks' proactive approach to lending, fueled strong credit growth, which was about 16% higher than in 2023, providing significant support for economic activity.
US withdrawal from the Paris Agreement - Guterres: Fossil fuel addiction, "Frankenstein's monster"!
The world's addiction to fossil fuels is a "Frankenstein's monster that spares nothing and no one," UN Secretary-General António Guterres told leaders at the......
How much are the major currencies being exchanged today?
The US dollar was bought today at 94 lek and sold at 95.2 lek, gaining points from yesterday according to the local exchange rate. The euro is bought today......
Albania takes the lead of the International Conference of Information Commissioners
Albania has assumed the Presidency of the International Conference of Information Commissioners (ICIC), a position it will hold until June 2025. At the last......
Organization of the 2025 Elections, the Government provides an additional 2.5 billion lek
With a special decision, the Government has approved an additional fund of 2.5 billion lek for the organization of this year's political......
Medical cannabis, Government approves areas and conditions of plots for cultivation
The government approved this Wednesday the criteria for areas and plots where medical cannabis will be cultivated. The decision states that a covered......
The most sustainable companies in the world - Which countries are hospitable to them?
Schneider, a French-based electrical equipment firm, has been named the world's most sustainable company, according to a newly released report by Corporate......
Balluku talks about the underwater transmission line to be built between Albania and Italy
Deputy Prime Minister, Minister of Infrastructure and Energy, Belinda Balluku has spoken for the first time about the tripartite memorandum signed in Abu......
"Sustainable tourism, a challenge" - Rama in Davos: We are trying to maintain the balance between development and nature protection
Developing sustainable tourism is one of Albania's challenges. "From the session on the topic "The way we will travel", at the World Economic Forum taking......
