BREAKING NEWS

London activates the secret plan to reveal the connections of Albanian politicians with criminals, Lord Dingeman is coming to Tirana today, training SPAK prosecutors for money laundering and seizing property, here are the "VIP" names at risk, the Briti...

London activates the secret plan to reveal the connections of Albanian
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BREAKING NEWS

Here's who gave the order to kill Servet Pëllumbi and how the state gangs led by General Agim Shehu ambushed us at Ura e Dajlani, Spartak Braho remembers the violence of '96 and reveals the conversation inside the car with the high official of the SP

Here's who gave the order to kill Servet Pëllumbi and how the state
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BREAKING NEWS

Bujar Çela and Petro Koçi confess the horror of May '96: How the socialists were raped, bloodied and tortured by order of Sali Berisha, SPAK to investigate the incident

Bujar Çela and Petro Koçi confess the horror of May '96: How
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BREAKING NEWS

Pact to eliminate the Justice Reform, Berisha-Bardhi against the resolution, but become part of the special commission to escape from SPAK cells

Pact to eliminate the Justice Reform, Berisha-Bardhi against the resolution, but
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BREAKING NEWS

The man who opposed the USA for the election of Altin Duman as the head of SPAK leaves, the way is opened for the well-known professor

The man who opposed the USA for the election of Altin Duman as the head of SPAK
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BREAKING NEWS

Sensational, the well-known journalist of the chronicle warns of the arrest of Monika Kryemadhi and Flamur Noka, this is what is happening inside SPAK

Sensational, the well-known journalist of the chronicle warns of the arrest of
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BREAKING NEWS

Here is the American "big punch" in the face of Sali Berisha, Frrok Çupi confesses the unsaid after the proposal of Argita as the head of "Rithemelim", from the murders under his power and the details from the night when he was elected president, how h...

Here is the American "big punch" in the face of Sali Berisha, Frrok
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BREAKING NEWS

SPAK summons Bardhi for the Olsi Rama file, the fraud of the deputy of Reestablishment is revealed, he presented himself as a person in the know, not as a whistleblower

SPAK summons Bardhi for the Olsi Rama file, the fraud of the deputy of
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Ekonomia

What will happen to the economy? The World Bank 'sounds the alarm sirens'

What will happen to the economy? The World Bank 'sounds the alarm

The Albanian economy is being challenged by the resources that enable its growth. The World Bank estimates that the country must find a new model, otherwise there is a risk that growth will be stuck at low levels.

"We think that this is an important moment to rethink the sources of economic growth. Until now, growth has been based on construction, consumption or tourism, but this does not make these resources sufficient to have better jobs or to release Albania's potential to increase the country's economy", said Emanuel Salinas, Manager of World Bank Office for Albania.

The World Bank predicts that the country's economy will grow by 3.3 percent this year, 3.4 percent in 2024 and 3.5 percent in 2025.

The almost pessimistic forecasts would even turn out to be very optimistic if the map of broken peace in the world were to expand further.

"Among the external risks is the further escalation of geopolitical tensions, the slowdown in global growth, the further increase in financing costs or obstacles in regional trade", said Hilda Shijaku, economist at the World Bank in Albania.

The World Bank predicts economic growth in Kosovo

At a time when the government expected to approve the salary increase in the public administration within this month, the World Bank says that the process is not being done in the right way. Rising wages are translating into less productivity in workplaces.

"In our point of view, it would be good if, in order to promote productivity, salary increases were also based on productivity levels. Anyway, this is a challenge that our countries have faced, that is, to keep the qualified workforce", said the economist.

During the presentation of the "Spring 2024 for Europe and Central Asia" report, the World Bank economist, Natasha Rovo, also indicated the directions in which the pension scheme in the country will be revised.

"There are four key areas in which we have relied on the revision of the pension scheme. Coverage, in terms of contributors and beneficiaries, adequacy in relation to what should be paid. We also want the pension system to be as independent and financially stable as possible", said Natasha Rovo, economist at the World Bank.

According to the forecasts of the World Bank, inflation in Albania will continue at an average level until the end of 2026.