With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
EU leaders sought to reassure the Western Balkans countries that their future is inside the bloc at Tirana summit.
Illegal movements along the Western Balkans routes have significantly increased in 2022.
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
UAE-based property developer Eagle Hills will built the largest-ever superyacht marina in the Mediterranean at Albania’s port city Durres.
MEPs want accession completed by 2030 and a majority vote to approve new members, but say accession talks with Serbia should be halted if it doesn’t align with EU on sanctions.
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Floods, caused by heavy rain over the weekend, caused chaos in affected areas, blocking roads and forcing the closure of schools and businesses.
Protesters broke through police cordon and threw paint at prime minister's office as thousands gathered at anti-government demonstration.
In the deeply polarised political environment in Albania, Rama and his Socialists have retained the upper hand for the last nine years.
German Chancellor Olaf Scholz and top EU officials stress commitment to bringing six Western Balkan countries into the EU.
Prime Minister Edi Rama strongly criticised British politicians for “targeting Albanians” as scapegoats for the UK’s crime and border problems.
Bank of Albania says that high inflationary pressures remain the main risk to sustainable and long-term growth.
World Bank urges governments to target support at most vulnerable households and businesses.
For 2023 the wiiw has revised its forecasts down, and overall Emerging Europe growth will average just 0.3%, barely above the 0.2% predicted for the Eurozone.
The biggest contributor to the annual rise in exports was the textiles and footwear sector, which is recovering from the slump in demand during the pandemic.
European Political Community isolates Russia, welcomes back UK and reassures EU candidate countries.
Poll shows none of the country’s main politicians had an approval rating of over 50%, and two-thirds of Albanians think things in the country are going "very badly".
Supply-side shocks and heightened uncertainty in international markets are pushing up inflation in Albania.