Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
There were some major changes in the source countries of travellers to the region as the continued coronavirus threat forced people to switch to different holiday destinations.
Bond issue planned to support state budget despite strong rise in debt-to-GDP ratio since start of the pandemic.
The Social Democrat-led government came to power pledging a vigorous and transparent fight against corruption, but tackling entrenched corruption has not been easy.
Higher food and fuel prices have sparked protests in recent days, with demonstrators calling on the government to intervene.
Politicians across the Western Balkans are looking at ways to ease the burden of inflation, in particular soaring energy costs, on their populations.
EU leaders reaffirmed their support for enlargement at summit in Slovenia, but they did not set any firm timeline.
Neither regional integration nor closer ties with EU have led to increased trade, investment or overall prosperity in the region, says a new report from wiiw and Bertelsmann Stiftung.
Average monthly spending by Albanian households rose slightly in 2020, but there were significant changes in spending patterns prompted by the pandemic.
Ahead of the EU-Western Balkans summit on October 6, a leaked EU document revealed that several EU member states are seeking to restrict visa-free travel for some nationals from the region as well as other East European countries.
Despite the positive words from European Commission President Ursula von der Leyen, it was clear that the accession of counties from the region to the EU remains elusive and has no clear timescale.
Albania's booming construction sector put in fastest growth in Q2.
Ursula von der Leyen speaks strongly in favour of progressing Albania and North Macedonia towards EU accession, but EU members are still divided on the issue.
Most attacks were attempts to break into the information and communication systems of the foreign and European affairs ministry and the defence ministry.
Tensions have reached a 10-year high since new rules set by Pristina forced Serbian drivers to change their number plates to enter Kosovo.
A very public war of words is raging between the current and former leaders of Albania’s main opposition party, the centre-right Democratic Party.
As low vaccination rates facilitated a new wave of the pandemic, governments are barring entry to malls, night clubs and other venues to those without a coronavirus certificate.
Albania's clothing and footwear sector was deeply damaged by the pandemic, and has yet to recover to pre-crisis levels.
After EU accession progress was blocked by Bulgaria, Albanian PM Edi Rama tells German chancellor Western Balkans are “held hostage” by nationalism in EU countries.
The business confidence indicator based on an annual survey of Amcham Albania members dropped in 2020 to its lowest level since the index was launched in 2012.