The Albanian customs administration collected revenues of ALL 97.9bn (EUR 699mn) in the first nine months of 2013, up by 4.6% y/y, data from the customs administration showed. The figure accounted for 99% of the plan for the corresponding period.
The annual growth was exclusively due to better performance of the revenues from excise duties, which advanced by 54.2% y/y and revenues from mineral royalties, up by 39.5% y/y in the period. On the other hand, VAT proceeds, which had the largest share in total (63.5%), declined by 7.4% y/y. Revenues from customs duties witnessed a 10.7% y/y decrease.
The weak performance in some of the specific types of customs revenue could be attributed to the lower value of taxable imports (down 8.6% y/y in January to September 2013), data showed. The exchange rate dynamics in the period had only limited effect.
|Albania Customs' Revenues Jan-Sep (ALL mn)|
|Source: Albanian Customs|
Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more
The Albania’s central bank has announced it will issue a new ALL10,000 (€74.9) banknote. The new ALL10,000 banknote will have the highest value issued so far, as the current biggest value ... more
Albanian Prime Minister Edi Rama presented a new online platform for co-governance with citizens entitled “Albania We Want” on October 28. Ensuring functional and responsible ... more