• Latest
  • Trending
Main sectors of Albania’s economy continue to improve: minister

Main sectors of Albania’s economy continue to improve: minister

November 4, 2019
Albanian Opposition Supports Government Earthquake Relief Efforts

Albanian Opposition Supports Government Earthquake Relief Efforts

December 3, 2019
IDF sends aid mission to earthquake-stricken Albania

IDF sends aid mission to earthquake-stricken Albania

December 3, 2019
Albania: Future uncertain for thousands of earthquake homeless

Albania: Future uncertain for thousands of earthquake homeless

December 3, 2019
YMCA Kosovo support Albanian families after deadly earthquake

YMCA Kosovo support Albanian families after deadly earthquake

December 1, 2019
Number of human trafficking cases dramatically increase in Belgium

Number of human trafficking cases dramatically increase in Belgium

December 1, 2019
EU mobilises emergency support to Albania after deadly earthquake

EU mobilises emergency support to Albania after deadly earthquake

December 1, 2019
Albania earthquake: Rescue efforts wind down

Albania earthquake: Rescue efforts wind down

November 30, 2019
Mayor Veliaj Uses Earthquake as Propaganda Opportunity

Mayor Veliaj Uses Earthquake as Propaganda Opportunity

November 30, 2019
Four Thousand Albanians Made Homeless after Devastating Earthquake

Four Thousand Albanians Made Homeless after Devastating Earthquake

November 29, 2019
Rama Announces Dubious Anti-corruption Legislation

Rama Announces Dubious Anti-corruption Legislation

November 29, 2019
Reports of Aid Being Refused in Camps, Arrests For Misapropriation

Reports of Aid Being Refused in Camps, Arrests For Misapropriation

November 29, 2019
Fear, evacuations and introspection in Albania after deadly quake

Fear, evacuations and introspection in Albania after deadly quake

November 29, 2019
Saturday, February 27, 2021
Tirana Chronicle
No Result
View All Result
  • Albanian News
  • World News
    • Africa
    • Asia
      • China
      • North Korea
    • Canada
    • Europe
    • Latin America
      • Mexico
    • Middle East
    • Russian Federation
    • United Kingdom
    • United States
  • National Security
    • Military
    • Politics
    • Terrorism
  • Business
    • Economy
    • Science
  • Sports
    • Soccer
    • Tennis
    • Olympics
  • Culture
    • Art
    • Books & Literature
    • Education
    • Family
    • Food & Drink
    • Health
    • History
  • Environment
    • Agriculture
    • Climate Change
    • Forests
  • Albanian News
  • World News
    • Africa
    • Asia
      • China
      • North Korea
    • Canada
    • Europe
    • Latin America
      • Mexico
    • Middle East
    • Russian Federation
    • United Kingdom
    • United States
  • National Security
    • Military
    • Politics
    • Terrorism
  • Business
    • Economy
    • Science
  • Sports
    • Soccer
    • Tennis
    • Olympics
  • Culture
    • Art
    • Books & Literature
    • Education
    • Family
    • Food & Drink
    • Health
    • History
  • Environment
    • Agriculture
    • Climate Change
    • Forests
No Result
View All Result
Tirana Chronicle
No Result
View All Result

Main sectors of Albania’s economy continue to improve: minister

November 4, 2019
in Albanian News, Business, Economy, Featured, National Security
0
Home Albanian News
Post Views: 6

 

The main sectors of economy in Albania continue to improve despite a slowdown in the economic growth in the first half of 2019, Minister of Finance and Economy Anila Denaj said here on Monday.

Denaj made the statement during the plenary session of the Parliament of Albania that is discussing a normative act to review the 2019 state budget.

According to Denaj, among the sectors that witnessed economic growth in the second quarter of 2019 are the extractive and processing industry (15.6 percent), clothing and footwear industry (4.4 percent) as well as the wood and paper production industry (15 percent).

RelatedPosts

Albania’s exports drop 2.8 pct in first 9 months of 2019: statistics

Government increases concessionary payments prior elections

EIB pledge for the Western Balkans: Investments in competitiveness, innovation and climate are top priorities

“In this period the majority of the service sectors had a significant growth, ranging from 4.8 to 13.9 percent,” Denaj declared.

Among the sectors that, according to Denaj, had a negative impact in the country’s economy in the second quarter of 2019 are the sectors of electricity, entertainment and recreation.

According to Denaj, in the second quarter of 2019 unemployment in Albania dropped below 12 percent, whereas employment increased by 3.3 percent.

Foreign direct investment in Albania increased by 10 percent in the first quarter and by nearly 20 percent in the second quarter of 2019, Denaj said.

Speaking on the economic indicators during the first nine months of 2019, Denaj said these indicators “prove the sustainability of public finances and fiscal consolidation.”

The minister declared that in January-September 2019, the total revenues are 3.7 percent higher compared to the same period in the previous year, whereas customs and tax revenues increased respectively by 2.5 percent and 4.6 percent year-on-year.

The minister noted that the normative act will solve some of the problems encountered during the implementation of the state budget so far, while maintaining the planned level of key macroeconomic parameters.

The National Institute of Statistics in Albania confirmed that the country’s economic growth in the second quarter of 2019 was 2.3 percent.

Source: Xinhua
Tags: Albania's economyAnila DenajInvestmentNational Institute of Statistics
ShareTweetShare

Related Posts

Albanian Opposition Supports Government Earthquake Relief Efforts
Albanian News

Albanian Opposition Supports Government Earthquake Relief Efforts

December 3, 2019
IDF sends aid mission to earthquake-stricken Albania
Albanian News

IDF sends aid mission to earthquake-stricken Albania

December 3, 2019
Albania: Future uncertain for thousands of earthquake homeless
Albanian News

Albania: Future uncertain for thousands of earthquake homeless

December 3, 2019
YMCA Kosovo support Albanian families after deadly earthquake
Albanian News

YMCA Kosovo support Albanian families after deadly earthquake

December 1, 2019
Number of human trafficking cases dramatically increase in Belgium
Albanian News

Number of human trafficking cases dramatically increase in Belgium

December 1, 2019
Next Post
Q&A: Why the focus on people arriving from Georgia and Albania?

Q&A: Why the focus on people arriving from Georgia and Albania?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

19 − 18 =

Translate

Popular Post

Albanian Opposition Supports Government Earthquake Relief Efforts
Albanian News

Albanian Opposition Supports Government Earthquake Relief Efforts

December 3, 2019
0

  Democratic Party leader Lulzim Basha stated the opposition supports the government in its efforts to help citizens affected by...

Read more
Albania government denies links to organised crime

Albania government denies links to organised crime

May 30, 2019
The Brief: Western Balkans – a test for the EU’s expansion appetite

The Brief: Western Balkans – a test for the EU’s expansion appetite

May 31, 2019
Armaldo Kllogjeri to hold recital at Tirana’s Amphitheatre

Armaldo Kllogjeri to hold recital at Tirana’s Amphitheatre

May 31, 2019
Abu Sayyaf’s Dutch hostage killed in firefight in Sulu

Abu Sayyaf’s Dutch hostage killed in firefight in Sulu

June 1, 2019
  • About Us
  • Creative Commons
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Contact Us

Topics

Follow Us

About Us

Tiranachronicle.com is part of Tirana Chronicle Media Group LLC, which delivers daily news around the globe.

© 2011 Tirana Chronicle

No Result
View All Result
  • Albanian News
  • World News
    • Africa
    • Asia
      • China
      • North Korea
    • Canada
    • Europe
    • Latin America
      • Mexico
    • Middle East
    • Russian Federation
    • United Kingdom
    • United States
  • National Security
    • Military
    • Politics
    • Terrorism
  • Business
    • Economy
    • Science
  • Sports
    • Soccer
    • Tennis
    • Olympics
  • Culture
    • Art
    • Books & Literature
    • Education
    • Family
    • Food & Drink
    • Health
    • History
  • Environment
    • Agriculture
    • Climate Change
    • Forests

© 2011 Tirana Chronicle