TIRANA, March 12 /ATA/ – The Minister of Economy and Finance Anila Denaj said that digital economy is becoming increasingly instrumental to growth and the post-pandemic economic recovery efforts around the world.
The Economy Minister provided an overview of Albania’s economy and the effects of COVID-19 pandemic and devastating earthquake on November 2020, as she addressed the Third Tirana Digital Economic Forum, a high – level meeting of the most influential Albanian and international, political, corporate and intellectual leaders to address pressing challenges currently facing Albania and the world.
“We have concluded that the earthquake damage effects are estimated at over 1.15 billion euros. The COVID-19 pandemic hit whole world and its economy. Insufficient information and unpredictability of the pandemic worsened the situation further. However, many economists around the world support different analyzes and ideas. We took measures that many countries considered them key to support financial stability and focus on development and economic growth during the medium and short term,” Finance Minister said.
Based on such analysis – Denaj went on saying – we identified workers and small businesses as most at risk and relief packages were provided both to workers and businesses to soften the blow from the pandemic and stay-at-home orders.
Denaj listed a series of fiscal incentives and financial assistance packages provided to workers and business community during the COVID-19 pandemic.
She identified the digital transformation and the international cooperation as two key elements to support growth and post-pandemic recovery.
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