Albania and Kosovo plan to launch a common customs regime in May to promote trade between the two countries.
The new regime will cut the time to import and export goods between Albania and Kosovo, which is expected to benefit food traders in particular.
Some economic tariffs will also be removed within the next six months, Albanian news site Albeu reported on April 2, following a meeting between the heads of the Albanian and Kosovan customs services.
Albanian Prime Minister Edi Rama outlined plans for a single customs system on March 9, after a meeting with his Kosovan counterpart Isa Mustafa.
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more
Albanian banks reported profits of ALL28.5bn (€271.7bn) in 2023, according to data from the Albanian Association of Banks. All banks in the country reported a profit for the year. The most ... more