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Medium Term Revenue Strategy includes cost-based tax relief for priority sectors

TIRANA, Sept 24 /ATA/ - Albanian government plans to relinquish the scheme of reduced tax rates in favor of expenditure-based incentives. The Medium Term Revenue...

Budget revenue collections from excise duties up 9.8% year-on-year in January-August...

TIRANA, Sept 23 /ATA/- State budget revenue collections from the excise duties were estimated at around 41.9 billion lek in the first eight months...

State budget revenue collections from tax on corporate profits amount to...

TIRANA, Sept 19 /ATA/ - Albanian state budget revenue collections from tax on corporate profits amounted to a total of 39.2 billion lek in...

BoA: Albania’s tourism revenue edge up 25% year-on-year to 1.95 billion...

TIRANA, Sept 10 /ATA/ - Albania’s net financial gain from tourism kept an upward trend, recording a progressive increase in value year by year,...

Bank deposits hit record high of 1.31 trillion lek in July

TIRANA, Aug 29 /ATA/ - Deposits made by individual customers at banks in Albania have shown a steady upward trend during the last year,...

Interest rates on new Lek-denominated bank deposits edge up to 2.02%

TIRANA, Aug 29 /ATA/ - The weighted average interest rate on new Lek-denominated bank deposits rose 2.02% in June, up from 1.46% in the...

INSTAT: Power grid losses down by 10 % in Q2, 2024

TIRANA, Aug 28 /ATA/ - Albania’s power grid losses fell 10% year-on-year to 323 GWh in the second quarter of 2024, the National Institute...

National tax revenue total 23.3 billion Lek between January and  July...

TIRANA, Aug 26 /ATA/ - Budget revenue collections from national taxes totalled around 23.3 billion Lek in Albania during the first seven months of...

Bank lending for investment in tourism increases 13% in H1, 2024

TIRANA, Aug 26 /ATA/ - Bank lending to private sector has significantly expanded in the first half of 2024, marking the largest growth rate...

State budget revenue collections from personal income tax amount to 31.8...

TIRANA, Aug 25 /ATA/ - Albanian state budget revenue collections from personal income tax amounted to 31.8 billion lek between January and July 2024,...