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<channel>
	<title>investment &#8211; Albanian  Telegraphic  Agency.</title>
	<atom:link href="http://en.ata.gov.al/tag/investment/feed/" rel="self" type="application/rss+xml" />
	<link>http://en.ata.gov.al</link>
	<description>News Agency</description>
	<lastBuildDate>Mon, 02 Nov 2026 17:15:21 +0000</lastBuildDate>
	<language>en-US</language>
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	<item>
		<title>Investments in northern Albania destination boost tourism and local economy</title>
		<link>http://en.ata.gov.al/2026/11/02/investments-in-northern-albania-destination-boost-tourism-and-local-economy/</link>
					<comments>http://en.ata.gov.al/2026/11/02/investments-in-northern-albania-destination-boost-tourism-and-local-economy/#respond</comments>
		
		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Mon, 02 Nov 2026 17:15:21 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Flash News]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[PM Rama]]></category>
		<category><![CDATA[Shiroka]]></category>
		<category><![CDATA[tourism development]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=312305</guid>

					<description><![CDATA[TIRANA, Nov 2 /ATA/ &#8211; Shiroka, one of the key tourist destinations in Albania&#8217;s northern region of Shkodra, continues to attract investment aimed at upgrading infrastructure and supporting local economic development. One of the key projects is the Shiroka-Zogaj road, which connects tourism offerings in Albania and Montenegro and facilitates travel between the two countries. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Nov 2 /ATA/ &#8211; Shiroka, one of the key tourist destinations in Albania&#8217;s northern region of Shkodra, continues to attract investment aimed at upgrading infrastructure and supporting local economic development.</p>
<p>One of the key projects is the Shiroka-Zogaj road, which connects tourism offerings in Albania and Montenegro and facilitates travel between the two countries.</p>
<p>Prime Minister Edi Rama on Monday shared footage of Shiroka area, which has evolved into a growing development hub on the shores of Lake Shkodra.</p>
<p>Improvements to public infrastructure and communal spaces are expected to support the area&#8217;s sustainable development, enhance residents&#8217; quality of life and create better conditions for local businesses.</p>
<p>The investments aim to strengthen Shiroka&#8217;s tourism potential. Its lakeside location, natural scenery and culinary traditions make it an attraction for a growing number of domestic and international visitors.</p>
<p>/m.m/j.p/u.sh/</p>
]]></content:encoded>
					
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			</item>
		<item>
		<title>Citizens enter 135th day of protest against Zvërnec investment project</title>
		<link>http://en.ata.gov.al/2026/10/12/citizens-enter-135th-day-of-protest-against-zvernec-investment-project/</link>
					<comments>http://en.ata.gov.al/2026/10/12/citizens-enter-135th-day-of-protest-against-zvernec-investment-project/#respond</comments>
		
		<dc:creator><![CDATA[Pandi Skaka]]></dc:creator>
		<pubDate>Mon, 12 Oct 2026 20:14:48 +0000</pubDate>
				<category><![CDATA[Actuality]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[protest]]></category>
		<category><![CDATA[Zvernec]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=309213</guid>

					<description><![CDATA[TIRANA, October 12 /ATA/ – The civic protest, originally sparked by opposition to the investment project in Zvërnec, continued today in Tirana for the 135th consecutive day. The protesters marched once again toward the government building, demanding the resignation of Prime Minister Edi Rama and forming a technical government. In his remarks, a former participant [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, October 12 /ATA/ – The civic protest, originally sparked by opposition to the investment project in Zvërnec, continued today in Tirana for the 135th consecutive day.</p>
<p>The protesters marched once again toward the government building, demanding the resignation of Prime Minister Edi Rama and forming a technical government.</p>
<p>In his remarks, a former participant of the 2018 student protests reiterated demands for quality public education and a stronger student voice in university decision-making.</p>
<p>Meanwhile, activist Edison Lika affirmed that the protesters would persist in their stand until their demands for political change and bringing down of the government are met.</p>
<p>Launched on May 31 against the Zvërnec investment, the civic protest has gradually expanded its demands, from reversing legal changes to protected areas to canceling the Mountain Package.</p>
<p>/p.s./</p>
<p>&nbsp;</p>
]]></content:encoded>
					
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			</item>
		<item>
		<title>PM Rama highlights tourism potential of Malësi e Madhe and Përmet</title>
		<link>http://en.ata.gov.al/2026/10/11/pm-rama-highlights-tourism-potential-of-malesi-e-madhe-and-permet/</link>
					<comments>http://en.ata.gov.al/2026/10/11/pm-rama-highlights-tourism-potential-of-malesi-e-madhe-and-permet/#respond</comments>
		
		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Sun, 11 Oct 2026 09:21:25 +0000</pubDate>
				<category><![CDATA[Flash News]]></category>
		<category><![CDATA[Important]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[Tourism]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Malesi e Madhe]]></category>
		<category><![CDATA[Përmet]]></category>
		<category><![CDATA[PM Rama]]></category>
		<category><![CDATA[tourism]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=309031</guid>

					<description><![CDATA[TIRANA, Oct. 11 /ATA/ &#8211; Prime Minister Edi Rama has highlighted the tourism potential of the northern Albanian region of Malësi e Madhe, and Përmet, southern Albania, featuring two entrepreneurs who returned from abroad to invest in the country during an episode of his “Let’s Talk” podcast on Sunday. Rama said the two areas were [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Oct. 11 /ATA/ &#8211; Prime Minister Edi Rama has highlighted the tourism potential of the northern Albanian region of Malësi e Madhe, and Përmet, southern Albania, featuring two entrepreneurs who returned from abroad to invest in the country during an episode of his “Let’s Talk” podcast on Sunday.</p>
<p>Rama said the two areas were emerging as tourism destinations, driven by entrepreneurship and investment beyond the image of Albania often portrayed on social media and television.</p>
<p>One guest, Kanton Gashi, returned from the United States after 32 years and opened “Liqeni Camping and Agrotourism” in his native village of Gashaj, in Malësi e Madhe. The restaurant and campsite attract foreign visitors, including Germans, Dutch and French tourists, even during winter. Gashi said his return was motivated by his attachment to his homeland and his ambition to build his own business, which also supports local producers.</p>
<p>Another guest, Ergi, returned from London in 2017 and invested in hospitality in Tirana. His business now offers seven rooms, with bookings available through Booking.com, and he plans to develop a hotel combining accommodation and agrotourism in Përmet.</p>
<p>“I had offers to move abroad, but I decided to stay with my business in Tirana. I find greater motivation in working for myself,” he said.</p>
<p>Rama also outlined the government’s “Double Your Business” programme, which supports small and medium-sized enterprises in sectors including agrotourism, livestock, agro-processing and technology. The scheme offers loans at interest rates of up to 2%, with the state guaranteeing 70% of the loan, repayment terms of up to 10 years and financing of up to €2 million, depending on the business plan and collateral.</p>
<p>Rama said agrotourism remained a priority sector for government support, particularly in areas with strong tourism potential.</p>
<p>/m.q/r.e/u.sh/</p>
]]></content:encoded>
					
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			</item>
		<item>
		<title>U.S. Ambassador Wendt, PM Rama focus on defence, investment and organised crime</title>
		<link>http://en.ata.gov.al/2026/09/30/u-s-ambassador-wendt-pm-rama-focus-on-defence-investment-and-organised-crime/</link>
					<comments>http://en.ata.gov.al/2026/09/30/u-s-ambassador-wendt-pm-rama-focus-on-defence-investment-and-organised-crime/#respond</comments>
		
		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Wed, 30 Sep 2026 16:09:28 +0000</pubDate>
				<category><![CDATA[Actuality]]></category>
		<category><![CDATA[Flash News]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[defense]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[meeting]]></category>
		<category><![CDATA[PM Rama]]></category>
		<category><![CDATA[U.S Ambassador]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=307973</guid>

					<description><![CDATA[TIRANA, Sept. 30 /ATA/ &#8211; New U.S. Ambassador to Albania Eric Wendt met with Prime Minister Edi Rama on Wednesday, with talks focusing on defence cooperation, trade and investment, and the fight against organised crime, the U.S. Embassy said. “A strong partnership is measured by what two nations achieve together. Ambassador Eric Wendt met Prime [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Sept. 30 /ATA/ &#8211; New U.S. Ambassador to Albania Eric Wendt met with Prime Minister Edi Rama on Wednesday, with talks focusing on defence cooperation, trade and investment, and the fight against organised crime, the U.S. Embassy said.</p>
<p>“A strong partnership is measured by what two nations achieve together. Ambassador Eric Wendt met Prime Minister Edi Rama today to discuss deeper defense ties, expanded trade and investment, and a tougher fight against organized crime,” the U.S. Embassy said.</p>
<p>Wendt formally took up his post as U.S. ambassador to Albania on Sept. 26 after presenting his credentials to President Bajram Begaj.</p>
<p>/m.q/j.p/u.sh/</p>
]]></content:encoded>
					
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		<item>
		<title>€110 million investment: Dormitory upgrades, Vau i Dejës development and substation digitalization, says Karakaçi</title>
		<link>http://en.ata.gov.al/2026/09/11/e110-million-investment-dormitory-upgrades-vau-i-dejes-development-and-substation-digitalization-says-karakaci/</link>
					<comments>http://en.ata.gov.al/2026/09/11/e110-million-investment-dormitory-upgrades-vau-i-dejes-development-and-substation-digitalization-says-karakaci/#respond</comments>
		
		<dc:creator><![CDATA[Pandi Skaka]]></dc:creator>
		<pubDate>Fri, 11 Sep 2026 09:35:33 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Important]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[Digitalization]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Karakaci]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=305854</guid>

					<description><![CDATA[TIRANA, September 11/ATA/ The Albanian government has approved an agreement with German government worth 110 million euros designed for financing of three major projects in the energy sector, of which 20 million euros are grants. Minister of Infrastructure and Energy Enea Karakaçi said in a media briefing after the government meeting that the first project [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, September 11/ATA/ The Albanian government has approved an agreement with German government worth 110 million euros designed for financing of three major projects in the energy sector, of which 20 million euros are grants.</p>
<p>Minister of Infrastructure and Energy Enea Karakaçi said in a media briefing after the government meeting that the first project is related to rehabilitation of dormitories to increase energy efficiency.</p>
<p>According to him, after the successful completion of investments in 15 dormitories, the agreement paves the way for more investments in 14 other dormitories, with the aim of improving conditions and increasing energy efficiency.</p>
<p>The second project is related to the investment in the Vau i Dejës Hydropower plant, one of the most important hydropower plants in the country, built about 50 years ago.</p>
<p>Minister Karakaçi said that Vau i Dejës HPP contributes about 28% of the total electricity production by Albanian Power Corporation KESH and that the investment aims to extend its lifespan by about 30 more years.</p>
<p>The third project is related to digitalization of energy transmission operations. Within its framework, there is foreseen digitalization of about 40 substations, which will enable more efficient management of energy flows and increase energy supply capacities.</p>
<p>Thus, Albania-Germany agreement aims to support investments in energy efficiency, the upgrade of energy production and transmission infrastructure and the increase of the country&#8217;s energy security. /e.xh/a.f/p.s./</p>
<p>&nbsp;</p>
]]></content:encoded>
					
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		<title>PM Rama: Government plans National AI programme,  tech exports reach 222 million euros</title>
		<link>http://en.ata.gov.al/2026/09/08/pm-rama-government-plans-national-ai-programme-tech-exports-reach-222-million-euros/</link>
					<comments>http://en.ata.gov.al/2026/09/08/pm-rama-government-plans-national-ai-programme-tech-exports-reach-222-million-euros/#respond</comments>
		
		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Tue, 08 Sep 2026 13:30:41 +0000</pubDate>
				<category><![CDATA[Flash News]]></category>
		<category><![CDATA[Important]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[national AI programme]]></category>
		<category><![CDATA[PM Rama]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=305643</guid>

					<description><![CDATA[TIRANA, Sept. 8 /ATA-By Maela Marini/ &#8211; Albania’s technology sector now exports 222 million euros worth of products a year, three times more than only a short time ago, Prime Minister Edi Rama said on Tuesday as the government prepares a national programme on artificial intelligence. Speaking at the second Innovation Forum, focused on AI [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Sept. 8 /ATA-By Maela Marini/ &#8211; Albania’s technology sector now exports 222 million euros worth of products a year, three times more than only a short time ago, Prime Minister Edi Rama said on Tuesday as the government prepares a national programme on artificial intelligence.</p>
<p>Speaking at the second Innovation Forum, focused on AI and the development of Albania’s technology sector, Rama said the government was preparing a national AI programme that would involve input from stakeholders.</p>
<p>The government head underlined that information technology offers significant opportunities for economic development but warned that Albania needed to keep pace with rapid technological change to avoid falling behind.</p>
<p>“We are aware that all these issues are developing at an extraordinary pace, which on the one hand is a great blessing for countries like ours because technology allows us to make leaps forward, but on the other hand it is a constant warning signal,” Rama said.</p>
<p>He urged businesses taking part in the forum to focus on real problems, develop practical solutions based on an accurate assessment of current conditions and be prepared to work together.</p>
<p>Rama said about 28,500 technology professionals were currently working in Albania, a figure that had been rising during the year, while wages in the sector had also increased significantly.</p>
<p>The technology sector now accounts for 2.2% of Albania’s gross domestic product, up from a negligible share previously, he said.</p>
<p>“It should undoubtedly be higher, but it is a meaningful figure for the country’s potential,” Rama said.</p>
<p>/a.f/u.sh/</p>
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		<title>Agritourism in Petrelë showcases investments adding value to local tradition and produce</title>
		<link>http://en.ata.gov.al/2026/09/06/agritourism-in-petrele-showcases-investments-adding-value-to-local-tradition-and-produce/</link>
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		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Sun, 06 Sep 2026 15:04:16 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Flash News]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[agritourism facility]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[local produce]]></category>
		<category><![CDATA[PM Rama]]></category>
		<category><![CDATA[tradition]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=305548</guid>

					<description><![CDATA[TIRANA, Sept. 6 /ATA/ &#8211; Agritourism is gaining ground in Albania’s rural areas, creating a development model that combines tradition, local production and tourism. Investment supported through funding programmes is encouraging rural families and businesses to revive authentic Albanian traditions and turn them into sustainable economic opportunities. Prime Minister Edi Rama on Sunday posted photos [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Sept. 6 /ATA/ &#8211; Agritourism is gaining ground in Albania’s rural areas, creating a development model that combines tradition, local production and tourism. Investment supported through funding programmes is encouraging rural families and businesses to revive authentic Albanian traditions and turn them into sustainable economic opportunities.</p>
<p>Prime Minister Edi Rama on Sunday posted photos on social media from the “Oda e Hasanbeut” agritourism establishment.</p>
<p>Rama said the facility, located in the hills of Petrelë in Tirana’s rural area, was established with support from the IPARD II programme. The family-run business offers traditional Albanian flavours, using fresh produce from local farmers as well as Albanian wine.</p>
<p>Beyond being a tourist destination, such businesses demonstrate how support for agritourism can help connect farmers, local production and tourism.</p>
<p>Agritourism is also seen as a tool for creating jobs and increasing the value of agricultural output. As more such businesses develop, farmers have greater opportunities to sell their produce not only as raw materials but as part of a broader economic value chain.</p>
<p>IPARD has been an important source of support for agribusiness, agro-processing and agrotourism, helping drive investment and improve standards in the rural economy.</p>
<p>Support for the sector is also continuing through the 2026 National Scheme and the Sovereign Guarantee Instrument, which aim to expand financing opportunities for farmers and agribusinesses.</p>
<p>The development of agritourism is therefore not only about creating new tourist facilities. It is also part of a broader policy aimed at making Albania’s countryside more attractive for living, production and investment, while turning authenticity, tradition and local produce into an economic advantage.</p>
<p>/e.i/a.f/u.sh/</p>
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		<item>
		<title>Albania’s power grid moves towards smart technology as OSSH expands investment</title>
		<link>http://en.ata.gov.al/2026/08/13/albanias-power-grid-moves-towards-smart-technology-as-ossh-expands-investment/</link>
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		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Thu, 13 Aug 2026 19:12:11 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Flash News]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[Distributor operator]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[power grid]]></category>
		<category><![CDATA[smart technology]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=303601</guid>

					<description><![CDATA[TIRANA, Aug. 13 /ATA/ &#8211; Albania’s power distribution operator OSSH plans to expand investment in advanced grid monitoring and consumption control in 2026-27 as part of efforts to modernise the country’s electricity infrastructure. One focus will be upgrading the PowerFactory platform to strengthen analysis of the electricity network and assess future needs, helping guide investment [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, Aug. 13 /ATA/ &#8211; Albania’s power distribution operator OSSH plans to expand investment in advanced grid monitoring and consumption control in 2026-27 as part of efforts to modernise the country’s electricity infrastructure.</p>
<p>One focus will be upgrading the PowerFactory platform to strengthen analysis of the electricity network and assess future needs, helping guide investment planning, OSSH said.</p>
<p>The operator also plans to install local SCADA systems at 14 substations, allowing equipment and network parameters to be monitored and controlled remotely, improving response times and infrastructure management.</p>
<p>OSSH will also expand smart metering, installing new meters for end-users supplied by substations equipped with smart-metering systems. The move is expected to provide more accurate consumption data and help identify and control both technical and non-technical network losses.</p>
<p>The technology upgrades form part of a broader investment programme covering substations, high- and medium-voltage lines and medium- and low-voltage networks.</p>
<p>In a plan submitted to Albania’s Energy Regulatory Authority, OSSH said revisions to the investment programme did not involve lowering technical standards, but mainly reflected changes in implementation schedules and costs to align projects with the network’s needs.</p>
<p>The modernisation programme aims to improve monitoring, analysis and metering and create a more efficiently managed grid capable of meeting future consumer demand and supporting the development of the energy system.</p>
<p>/e.xh/j.p/r.e/u.sh/</p>
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		<title>Tabaku: Strategic Investments Law meant to promote investments ended up favoring a chosen few</title>
		<link>http://en.ata.gov.al/2026/07/25/tabaku-strategic-investments-law-meant-to-promote-investments-ended-up-favoring-a-chosen-few/</link>
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		<dc:creator><![CDATA[Pandi Skaka]]></dc:creator>
		<pubDate>Sat, 25 Jul 2026 09:47:13 +0000</pubDate>
				<category><![CDATA[Actuality]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[Tabaku]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=301999</guid>

					<description><![CDATA[TIRANA, July 25 /ATA/ – According to Democratic Party MP Jorida Tabaku, the 2015 Law on Strategic Investments has shifted from a temporary investment incentive into a tool for political favoritism. In her commentary column “Weekend Corner,” Tabaku traced the law’s timeline—from its initial passage through multiple extensions—to the ongoing discussions surrounding its potential repeal. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, July 25 /ATA/ – According to Democratic Party MP Jorida Tabaku, the 2015 Law on Strategic Investments has shifted from a temporary investment incentive into a tool for political favoritism.</p>
<p>In her commentary column “Weekend Corner,” Tabaku traced the law’s timeline—from its initial passage through multiple extensions—to the ongoing discussions surrounding its potential repeal.</p>
<p>Originally pitched as a temporary way to draw foreign investment and build key industries, a decade later the law has instead enabled the unfair distribution of public property, said Tabaku.</p>
<p>DP MP tied this issue to changes in the tourist ports law, arguing that the updates let strategic investors bypass standard competitive bidding. She pointed to the Durrës Yacht &amp; Marina project as a prime example of public land handed over without a fair, open contest.</p>
<p>Tabaku dismissed Rama&#8217;s &#8216;Besa&#8217; initiative, arguing that a government cannot demand public trust for reforms under the exact system it created and maintained.</p>
<p>According to the Democratic MP, the repeal of the law on strategic investments would be an important step in changing the model of favors and restoring competition in the economy./ /gj.m/ a.jor./p.s./</p>
<p>&nbsp;</p>
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		<title>Economy Minister:  Tourism, investment and remittances behind Albanian currency appreciation</title>
		<link>http://en.ata.gov.al/2026/07/18/economy-minister-tourism-investment-and-remittances-behind-albanian-currency-appreciation/</link>
					<comments>http://en.ata.gov.al/2026/07/18/economy-minister-tourism-investment-and-remittances-behind-albanian-currency-appreciation/#respond</comments>
		
		<dc:creator><![CDATA[Urim Shera]]></dc:creator>
		<pubDate>Sat, 18 Jul 2026 14:10:41 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Flash News]]></category>
		<category><![CDATA[News from Albania]]></category>
		<category><![CDATA[Economy Minister]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[lek appreciation]]></category>
		<category><![CDATA[tourism]]></category>
		<guid isPermaLink="false">https://en.ata.gov.al/?p=301560</guid>

					<description><![CDATA[TIRANA, July 18 /ATA/ &#8211; Economy and Innovation Minister Delina Ibrahimaj said on Saturday that the appreciation of Albania’s national currency, lek, has been driven by higher foreign currency inflows from tourism, foreign direct investment, remittances, exports and labour income, rejecting claims that illicit funds are the main factor behind the currency&#8217;s strength. Ibrahimaj was [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>TIRANA, July 18 /ATA/ &#8211; Economy and Innovation Minister Delina Ibrahimaj said on Saturday that the appreciation of Albania’s national currency, lek, has been driven by higher foreign currency inflows from tourism, foreign direct investment, remittances, exports and labour income, rejecting claims that illicit funds are the main factor behind the currency&#8217;s strength.</p>
<p>Ibrahimaj was responding to comments by former Deputy Finance Minister Irena Beqiraj, who questioned the sources of foreign currency entering the Albanian economy and suggested that money from illegal activities had contributed to the appreciation of the lek.</p>
<p>In a post on social media, Ibrahimaj dismissed the claims as unfounded, saying official statistics accounted for the reported 8.5 billion euros in foreign currency inflows through tourism receipts, foreign direct investment and remittances.</p>
<p>According to the Minister, the total comprises 5.72 billion euros in tourism revenue, 1.64 billion euros in foreign direct investment and 1.12 billion euros in remittances, amounting to approximately 8.5 billion euros.</p>
<p>She acknowledged that Albanians spent 3.04 billion euros on travel abroad, but said this did not negate the significance of the 5.72 billion euros spent in Albania by foreign visitors.</p>
<p>“The balance of payments records inflows and outflows separately,” Ibrahimaj said, adding that travel receipts exceeded outbound travel spending by 2.68 billion euros, making tourism a major source of additional euro liquidity in the domestic market.</p>
<p>She also rejected criticism of the foreign investment figures, saying reinvested earnings are internationally recognised as foreign direct investment because they remain in Albania to finance business expansion, capital investment and employment.</p>
<p>Ibrahimaj said the Bank of Albania has consistently linked the structural appreciation of the lek to improvements in the country&#8217;s external position, supported by rising tourism revenues, remittances, foreign investment and exports.</p>
<p>She added that the relatively small size of Albania&#8217;s foreign exchange market amplifies the impact of higher euro inflows on the exchange rate.</p>
<p>“A relatively strong increase in euro supply from tourism, investment and remittances can have a faster and more visible effect on the exchange rate than it would in a larger and more liquid market,” Ibrahimaj said.</p>
<p>She argued that the appreciation of the lek reflects underlying economic fundamentals rather than unidentified or illicit capital inflows.</p>
<p>/m.m/a.f/u.sh/</p>
<p>&nbsp;</p>
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