General Director of Macroeconomic Policies and Fiscal Affairs Niko Lera said in an interview for ATA that during the current year there will be made a review of the reference prices that will reflect the increase in prices, according to areas.

“Within the law “On income tax” a new instruction has been drawn up, related to the taxation of the transfer of ownership, where a new rule is established, based on which the reference prices will be depreciated by 1% per year depending on the age of the building”, stressed Lera.

In July of last year, the reference prices for Tirana were revised, as a necessity for transaction prices to match the real sale prices of the real estate.

Meanwhile, they did not change for other areas of Albania and the current prices are far from reality. It is about the main tourist areas, such as Durrës, Vlora, Saranda, Shkodra, Pogradeci and other big cities, which should be close to the prices at which these real estate transactions are carried out.

In the law “On income tax”, which also includes personal income tax from the sale of real estate, it is provided that when we sell a house, land, etc., we pay tax on the difference between the new price and the price with which we bought the building. This capital gain is taxed at 15%.

In order to avoid evasion, abuse of contracts and the prices reflected in the contract, some reference prices have been set that are generally based or tend to be based on average market prices.

Therefore, the Ministry of Finance and Economy reasons that it is necessary to make a differentiation related to the age of the property that is being sold.

“If we set reference prices, which are related to the constructions of recent years, this means that the prices of buildings from 10 or more years ago cannot be the same as those built in the last two or three years”, said Lera.

Therefore, he explained, it is clear that the prices of new apartments are higher than the prices of old apartments.

Lera explained that the 1% discount for each year of the apartment’s age has the objective of not harming the income and interests of that part of the population that sells the apartment.

This principle, noted Lera, will be applied throughout Albania./p.s./

All interested persons wishing to buy tickets for next year’s matches in Germany can access the official UEFA.com website via the attached link: https://www.uefa.com/euro2024/ticketing/).

Tickets for the matches of the Albanian national team and not only will be sold only on the official website of the UEFA, in the link above. The Albanian Football Association said to the public opinion that it does not sell any tickets to the fans of the national team.

The fans are asked to create an account on the official UEFA website and apply for tickets for their favorite matches of the Albanian National Team. Registration has started and will continue until December 12, 2023.

Albania knows already the opponents of the group following the December 2 draw in Hamburg, Germany. The national team is part of Group B and will face Spain, Croatia and Italy. /p.s./

The state-run power utility KESH said it took part in three international auctions on power sale this week.

KESH sold a total of 7000 megawatt/ hour of electricity in the international auction on November 6 and 7 at an average price ranging from 103.02 euros to 151.57 euros per megawatt/ hour.

Two days later, the power utility access the international market again to sell a significant electricity quantity of 31,000 megawatt/hour at a price between 94 euro and 129 euros per megawatt/hour,

KESH attended an auction on November 9, selling 14 400 megawatt/hour of electricity at a price of 94.37 euros per megawatt/hour.

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To sell the tickets this season, the Albanian Football Association has made the ebileta.al portal available to the public. This is done with the sole purpose that sports fans who want to follow the matches of the National team have the easiest and most comfortable booking and purchase.

“For this match we acted and followed the same procedures and rules as in the matches with Moldova and Poland where each applicant can buy no more than 4 tickets. The process has started on Friday, September 15”, the Association said.

According to the Association, there were over 300,000 people waiting in the hours before and during the sale of tickets on the ticket portal and on the Association’s official website.

The Association thanks all the fans for their interest and asks for their good understanding for not meeting all their demands.

“Every stadium built would be insufficient to meet the demands of this match. The Albanian Football Association wishes that we have a positive result in this important match of the national team on the way to the European Championship and we all celebrate the successes of the red and blacks”, the Association press release reads. /p.s./

The power utility said it sold the quantity of this electricity in one auction.

Power Corporation said it sold electricity at the highest contracted price of 90 euros and at the lowest contracted price of 85 euros.

According to Corporation data, the weighted price was 85.63 euros.

KESH also sold a quantity of 1 704 MWH of electricity at a weighted price of 69 euros on Monday.

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Among them, the world-famous brand has also produced a bag with the Albanian flag.

The French luxury fashion house and company recently designed the new bag with motifs of the Albanian flag.

“The most beautiful flag in the world”, writes Prime Minister Edi Rama on social media, while sharing photos of the new “Louis Vuitton” bag.

The world-renowned brand “Louis Vuitton” produced the bag with motifs of the Albanian flag a few days ago. The double-headed eagle is clearly visible on the red field. The bag has already gone on sale and can be easily bought online. /j.p/p.s./

The power utility said earlier it has sought to store an amount of electricity, but the procedure had been unsuccessful.

Heavy rainfall that has swept across Albania over the past few days has significantly increased inflows to the major dams of three main hydropower plants on the Drin River Cascade, allowing the Power Corporation to generate enough electricity to meet the domestic demand, as well as export electricity to the international market.

Given the improved situation in the country’s main hydropower plants, the government decided not to apply higher price rate on households consuming over 800 kWh during December too.

The daily consumption of electricity is currently estimated at 17 800 megawatt hours.

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The Bank of Albania reported that in the last auction held early this month, the government managed to get a fund of 6.8 billion lekë for the treasury bills, while the amount of requests submitted in the auction was about 8.9 billion lekë.

The Bank data showed that 12-month bonds were issued at interest rates of 1.63%, from 1.71% in the previous auction./p.s./