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Albania Faces Demographic Crisis as Youth Emigration Soars

Albania Faces Demographic Crisis as Youth Emigration Soars

TIRANA, Albania — A growing demographic crisis is unfolding in Albania, where a mass exodus of youth threatens the nation’s future. Once classified as a youthful country, Albania now grapples with a significant decline in its population,...

Albania issues arrest warrants in tax, money laundering probe targeting Bankers Petroleum

Albania issues arrest warrants in tax, money laundering probe targeting Bankers Petroleum

Albanian prosecutors have issued 14 precautionary measures and arrested nine individuals linked to Bankers Petroleum Albania as part of an investigation into tax evasion and money laundering, the General Prosecution Office said in a statement....

European Parliament to Approve Report on Albania Tomorrow, Balla Expresses Gratitude

European Parliament to Approve Report on Albania Tomorrow, Balla Expresses Gratitude

The European Parliament is set to approve the annual report on Albania tomorrow. Minister of State Taulant Balla has expressed his gratitude to the major political groups in the European Parliament and the European Commission for their support. In...

Albania’s First MGallery Hotel Opens on the Riviera with Mountain Views, Coastal Luxury & Roman Legacy

Albania’s First MGallery Hotel Opens on the Riviera with Mountain Views, Coastal Luxury & Roman Legacy

The Green Coast Hotel – MGallery Collection has officially opened its doors as the first MGallery property in Albania, bringing a unique blend of heritage, elegance, and Mediterranean serenity to the Albanian Riviera. Nestled between the turquoise...

Albania Has the Most Expensive Apartments in Europe Relative to Purchasing Power

Albania Has the Most Expensive Apartments in Europe Relative to Purchasing Power

Buying a home is becoming increasingly difficult in Albania. According to recent calculations, an average Albanian family would need to work over 16 years to afford to own an apartment. Specifically, it would take about 16.3 years of income for a...

Albania’s banking sector shrinks slightly relative to GDP

Albania’s banking sector shrinks slightly relative to GDP

Tirana, July 8 – The size of Albania’s banking sector declined marginally in 2024 relative to GDP, according to the Financial Supervision Report released by the Bank of Albania. Total banking assets now equal 90.44% of GDP, down from the previous...

Albania praised for EU reform pace, judiciary must be protected

Albania praised for EU reform pace, judiciary must be protected

Tirana, July 8 – EU Ambassador Silvio Gonzato on Tuesday praised Albania’s “impressive progress” toward EU membership and called for protection of judicial independence. Speaking at a justice reform forum in Tirana, Gonzato said SPAK—the...

Albania’s top court upholds custody of Tirana mayor

Albania’s top court upholds custody of Tirana mayor

Tirana, July 8– Albania’s Supreme Court on Tuesday rejected an appeal by Tirana Mayor Erion Veliaj to be released from custody, upholding a lower court’s decision to keep him jailed pending trial. The appeal also covered his wife, Ajola Xoxa, and...

Discovering Jewish Roots in Montenegro and Albania

Discovering Jewish Roots in Montenegro and Albania

Almost 10 years ago, I met a Jewish Bulgarian man, Joseph Benetov, who is the director of Modern Hebrew Language at the University of Pennsylvania. He was my tour guide through Bulgaria, Macedonia and Thessalonia in northern Greece. This amazing...

MGallery Collection Unveils Its First Luxury Property in Albania, Nestled Amongst the Picturesque Cliffs of the Ionian Coast

MGallery Collection Unveils Its First Luxury Property in Albania, Nestled Amongst the Picturesque Cliffs of the Ionian Coast

MGallery Collection, a portfolio of boutique hotels with unique designs and stories, announces the grand opening of its very first property in Albania. Nestled between the majestic mountains and the turquoise waters of the Ionian Sea, Green Coast...

Brussels sees steady progress in Albania’s rule of law efforts

Brussels sees steady progress in Albania’s rule of law efforts

The European Commission has published its final Rule of Law Report on Albania, praising consolidation in the justice sector but expressing concern over post-2016 vetting processes, particularly regarding two government bodies: the High Judicial...

Albania cuts health, education funds in mid-year budget shift

Albania cuts health, education funds in mid-year budget shift

Tirana, July 8 – Albania’s mid-year 2025 budget revision, approved by parliament last week, boosts infrastructure spending while cutting allocations for health and education. The Ministry of Infrastructure and Energy receives a 2.85 billion lek...

MGallery Launches Boutique Hotel on Albania’s Coast

MGallery Collection has unveiled its first property in Albania, opening the doors to the Green Coast Hotel – MGallery Collection on the country’s southern Ionian coast. Set between the rugged mountains and turquoise waters of Palasë Beach, the...

‘Ndrangheta Drug Ring Busted in Italy, Spain, Albania

‘Ndrangheta Drug Ring Busted in Italy, Spain, Albania

Authorities in Italy, Spain and Albania arrested 28 suspected members of a drug trafficking network tied to the ‘Ndrangheta, Europol said Tuesday. The group, made up of Italian and Albanian nationals, allegedly smuggled cocaine from South America...

Kurt Okraku Engages Albania, Kosovo FA Heads On VAR, Football Development

Kurt Okraku Engages Albania, Kosovo FA Heads On VAR, Football Development

Okraku (m) with Albania, Kosovo FA heads PRESIDENT OF the Ghana Football Association (GFA) and CAF 2nd Vice President, Kurt Edwin Simeon-Okraku, has held high-level meetings with the Presidents of the Albanian and Kosovo Football Federations as...

Nature Takes the Lead: JA Joubert Architecture Unveils Zig-Zag, a Sustainable Sanctuary on Albania’s Dramatic Coast

Nature Takes the Lead: JA Joubert Architecture Unveils Zig-Zag, a Sustainable Sanctuary on Albania’s Dramatic Coast

Perched dramatically above the cerulean waters of the Albanian Riviera, a new kind of luxury resort is taking shape, one where the wild beauty of the landscape isn’t just a backdrop but the very blueprint. JA Joubert Architecture, in collaboration...

Albania sees 20% power demand spike in July, grid holds

Albania sees 20% power demand spike in July, grid holds

Tirana, July 7 – Albania’s electricity grid is handling a sharp rise in summer demand without disruption, the energy ministry said Monday, as power use jumped 20% in July compared to the same period last year. Energy and Infrastructure Minister...

MGallery Collection unveils its first luxury property in Albania

MGallery Collection unveils its first luxury property in Albania

MGallery Collection, a portfolio of boutique hotels with unique designs and stories, announces the grand opening of its very first property in Albania. Nestled between the majestic mountains and the turquoise waters of the Ionian Sea, Green Coast...

Albania to overhaul political finance and conflict-of-interest laws

Albania to overhaul political finance and conflict-of-interest laws

Tirana, July 7 – Albania’s parliament will begin revising two central anti-corruption laws—on conflict of interest and political party financing—in a move seen as critical to restoring public trust and aligning with European standards. The...

Albania’s Berisha attacks special prosecutor after court appearance

Albania’s Berisha attacks special prosecutor after court appearance

Tirana, July 7 – Albania’s former prime minister Sali Berisha launched fresh attacks on Special Prosecutor Altin Dumani after appearing for mandatory check-in related to the “Partizani” corruption case. Speaking outside the court, Berisha accused...

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