Formalization in the labor market increases - In 7 months, over 1,300 informal workers enter the scheme
The action against informality in the workplace, as one of the priorities of the Albanian government, seems to have borne first fruits. The risk-based planning of inspections by the State Inspectorate of Labor and Social Services has brought significant improvements, identifying an increase in informal workers during inspection processes.
According to data so far, for the 7-month period from January to July of this year, 1,316 informal workers were included in the scheme through the urgent measure "Suspension of Activity", who during this period worked informally, and thus contributed directly to the social and health insurance scheme.
Meanwhile, the declaration of employees in the aforementioned period, the contribution they made to the social and health insurance scheme, has reached a minimum value of 14,686,560 Lekë/month after declaration in the budget.
Among other things, the State Labor Inspectorate, during the month of July, has intensified inspections in entities, achieving controls in 926 entities throughout the country, with a main focus on compliance with the law on labor relations, safety conditions and employee registration.
Over 20,000 workplaces have also been inspected and in 643 cases administrative measures have been taken, including fines, temporary suspensions of activity, or obligations for urgent improvements in the workplace.
The Inspectorate announces that controls will continue with high intensity in the coming months, in the context of the tourist season and the commitment to formalizing the labor market, a challenge that remains current for the Albanian economy.

Qukës-Qafë Plloçë road, nearing completion - The last 400 meters are being asphalted, opening for vehicle traffic is expected
The last lot of the Qukës – Qafë Plloçë road, with a length of 9.3 km, is nearing completion. The engineers of the company “2T” have informed the......

Mandatory home earthquake insurance - US House: The bill needs some improvements and clarifications
The American Chamber of Commerce has asked the Ministry of Finance to make some improvements to the draft law on mandatory earthquake insurance. This draft......

China Considers Creating Stablecoins - Seeks to Boost Global Use of Local Currency
China is considering allowing stablecoins, or stable currencies pegged to the yuan, for the first time in an effort to boost its currency's global presence.......

If the US saves, Europe pays - Lowering US drug prices endangers access to medicines in the EU
President Donald Trump's move to match drug prices in the United States to the lowest levels in major trading nations is worrying industry and analysts in......

Israel launches military operation in Gaza - Accelerating plans against Hamas, despite international criticism
The Israeli military announced that it has launched the first stages of an operation to take control of Gaza City, calling up tens of thousands of reservists......

Trade uncertainty "covers" Europe - ECB head warns of economic slowdown, despite pact with US
The eurozone economy is likely to experience slower growth this quarter, while uncertainties over global trade remain present, European Central Bank......

Battery-powered train sets world record - Travels 322 km on a single charge, reduces environmental pollution
A battery-electric train has set a new world record for the longest journey on a single charge, covering around 322 kilometres (200 miles) between Reading,......

Luxury brand imitations banned at customs - Conditions also for citizens' luggage, law enters into force
Traders, as well as citizens who attempt to import counterfeit products into Albania, will be blocked at customs points. The new trademark law, which......