"Albania, integrated into the EU for payments" - Sejko: SEPA, impact on the country's image and the increase in foreign investments
With its membership in the Single Euro Payments Area (SEPA), Albania is now considered integrated into the European Union in terms of payments. This was stated by the Governor of the Bank of Albania, Gent Sejko, at the Ambassadors' Conference, who said, among other things, that integration into SEPA will provide benefits for trade, tourism or remittances, but will also serve as a strong signal to foreign investors.
"October 7 will be the day when the banking system will be functional and will start making payments, transfers in SEPA. This is a great achievement, as this considers Albania integrated into the European Union in terms of payments in the financial field, so it is a very big step, quite good for Albania, which has considerable effects, not only in concrete saving of money for the economy from the reduction of commissions, the commissions will be at least 5 times lower compared to the current commissions, both for individuals and for businesses, but it is also a very positive effect on the image of the country and in the increase of foreign investments, since if a country is a member of SEPA, this increases the credibility of the country for all foreign investors who seek to come to Albania ", emphasized the Governor.
The Minister of Entrepreneurship and Business Climate, Delina Ibrahimaj, emphasized that Albania already has a competitive advantage in the knowledge economy, where we currently maintain a high level of graduates in information technology and a large number of start-ups have been supported.
"Albania should become a country that is a niche for providing rech tech, that is, for providing digital government services, and I believe that we have all the capacities to do this, given that we are specialized in creating such products. If the government has invested a lot in digitalization, informatization and increasing efficiency. Business still has work to do, we will work hard in the coming years to digitalize business to increase efficiency, to increase productivity and competitiveness in European markets, in order to produce at lower costs using digital production methods, and this will be one of the government's focuses in the next 4 years," said Ibrahimaj.
The Ambassadors' Conference takes place for 3 consecutive days and is attended by Albanian ambassadors accredited around the world, to discuss the European integration of Albania and the region, economic diplomacy, as well as regional and global security issues.
Commissioner Dervishi participates in the distribution of the first training certificates for Personal Data Protection Officers!
The Commissioner for the Right to Information and Personal Data Protection, Besnik Dervishi, participated in the ceremony held on the occasion of the......
The new package of legal interventions is presented within the framework of deepening the reform for the protection of the territory
The new package of legal interventions is presented, within the framework of deepening the reform for the protection of the territory. At the start of the......
Urban, passenger satisfaction increases by 40%/ GIZ survey: Waiting time is assessed. Challenge, cleanliness and long travel time
Public transport in Tirana is seeing improvements in passenger satisfaction, according to a survey conducted by the German GIZ with over 2,500 citizens. In......
85 million euros from salaries in August alone/ Contributions and income tax exceed plan
Albanian citizens paid 85 million euros in income tax in August alone. According to preliminary data from the tax administration, revenues in August......
What became more expensive for Albanian families in August? Inflation reached 2.3%. Food and rent had the highest contribution to the increase
Inflation in August of this year appears lower than in July, which reached the highest rate recorded throughout 2025. The summer months, especially......
Did the tax curb overtourism in Venice? The measure for day tourists raised over 5 million euros in 2025
The end of July marked the end of the second year of the trial period for Venice’s day-trip tax. For 54 days in April, May, June and July, tourists spending......
624 complaints about public procurement / January-July, 31.4 million lek receipts in the state budget
In 7 months, from tender procedures, the state budget has collected a total of 31.4 million lek in financial fees at the conclusion of the review of......
Greece introduces new tax scheme/ Which groups benefit most from the new government measure?
The Greek government has announced a new tax scheme that will benefit millions of taxpayers, with the amount varying significantly depending on income and......
