BREAKING NEWS

The organizing group of the arms business in GĂ«rdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

The organizing group of the arms business in Gërdec is about to sink, the
x
BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
x
BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
x
BREAKING NEWS

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who challenges the old "wolves" in politics, apartment 200 thousand euros, 11 bank accounts, staggering profits from rent, 180 thousand euros from property sales, how he justified the milli...

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
x
BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
x
BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here
x
BREAKING NEWS

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57 thousand square meters of land, 2 ministers were implicated, SPAK takes over the lawsuit against the government mega-oligarch

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57
x
BREAKING NEWS

The well-known journalist warns of sensational arrests in the coming days, here are some of the "scorching" files that SPAK is investigating and the scheme followed by BKH agents to arrest Jorgo Goro, the acting mayor of Himara was intercepted for 4 mo...

The well-known journalist warns of sensational arrests in the coming days, here
x

Ekonomia

IMF opposes raising minimum wage, warns of rising informality, criticizes government for raising debt

IMF opposes raising minimum wage, warns of rising informality, criticizes

The International Monetary Fund has spoken out against raising the minimum wage. In the latest report for our country, he emphasizes that the increase of the minimum wage in our country causes an increase in informality. According to the IMF, informality in the labor market in our country is fixed at around 30.3 percent, which is the highest rate in Europe. "In Albania, currently the minimum wage is 64 percent of average gross earnings, but high informality in the market of labor suggests a need for care in the interpretation of this norm. "Above all, past minimum wage increases have coincided with an increase in informality, which may put increased pressure on those most in need." Among other things, the IMF recommends that the increase in the minimum wage come not only with an increased strain on informality in the labor market, but also with an increase in productivity. The report states that productivity in our country is low compared to other countries in the region. "Increasing the minimum wage should be in line with the evolution of productivity to compensate employees in line with their contribution to production, thus avoiding economic distortions. "Productivity in Albania is low compared to the EU or neighboring countries and has been declining in recent years," the International Monetary Fund said in a report. We recall that the Albanian government is committed to its ambition to increase the minimum wage to around 40 thousand ALL within 4 years of the governing mandate. "Increasing the minimum wage should be in line with the evolution of productivity to compensate employees in line with their contribution to production, thus avoiding economic distortions. "Productivity in Albania is low compared to the EU or neighboring countries and has been declining in recent years," the International Monetary Fund said in a report. We recall that the Albanian government is committed to its ambition to increase the minimum wage to around 40 thousand ALL within 4 years of the governing mandate. "Increasing the minimum wage should be in line with the evolution of productivity to compensate employees in line with their contribution to production, thus avoiding economic distortions. "Productivity in Albania is low compared to the EU or neighboring countries and has been declining in recent years," the International Monetary Fund said in a report. We recall that the Albanian government is committed to its ambition to increase the minimum wage to around 40 thousand ALL within 4 years of the governing mandate.

IMF criticism of rising public debt

Meanwhile, the International Monetary Fund has also criticized the government over public debt. Based on the most dangerous scenario, the International Monetary Fund estimates that Albania's debt could reach 90 percent of Gross Domestic Product. In the report, this institution emphasizes that the Albanian government should take immediate measures to make transparent spending and borrowing in recent times. The International Monetary Fund says fiscal risks have increased and the lack of government data on exposure to them makes it difficult to assess and manage. This year is expected to close with a debt level of 80 percent according to the data of the International Monetary Fund, this level according to the baseline scenario. But, again this level is considered high and dangerous. While, the decline is projected to start next year to continue at a very slow pace in the medium term. The report states that a strong debt management strategy is needed. External trade borrowing is assessed as risky, which is subject to risk of recovery and exchange rate at a time when the government has just received a Eurobond worth 650 million euros. Concern regarding the level of public debt in the Albanian economy has also been raised by the Supreme State Audit. This is due to the fact that the debt figure does not include the part of arrears. which is subject to risk of recovery and exchange rate at a time when the government has just received a Eurobond worth 650 million euros. Concern regarding the level of public debt in the Albanian economy has also been raised by the Supreme State Audit. This is due to the fact that the debt figure does not include the part of arrears. which is subject to risk of recovery and exchange rate at a time when the government has just received a Eurobond worth 650 million euros. Concern regarding the level of public debt in the Albanian economy has also been raised by the Supreme State Audit. This is due to the fact that the debt figure does not include the part of arrears.

Most read