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    • Albanian Lek (ALL)

Albanian Lek (ALL) Newsletter
  • Tourism's Impact on the Economy; Experts Recommend Using the Albanian Lek Instead of Foreign Currency 15 Jan 2025 10:05 GMT

    … it significantly contributed to Albania';s economic development,” … in Lek, not in Euro. This way, tourists visiting Albania will … be more likely to use the Lek instead … the Euro against Lek,” Polo explained. Albania is increasingly offering …

  • Albania offers some of the cheapest living costs in the region 16 Jan 2025 09:53 GMT

    Tirana, January 16, 2025 – Albania is one of the most … , with tickets costing only 40 lek (around 0.40 cents), while … at €1. Compared to Europe, Albania is 30% cheaper. In Italy …

  • Albania's exports drop in 2024 as euro weakens 16 Jan 2025 08:19 GMT

    Tirana, January 16, 2025 — Albania';s foreign trade took … .8%, worth 41.5 billion leks. Footwear exports also saw a … . When it comes to who Albania is selling to, Italy, Spain …

  • Albania’s food imports soar as trade deficit hits 45 billion leks 15 Jan 2025 07:52 GMT

    … , January 15, 2025 – Albania is heavily reliant on food … , totaling 7.37 billion leks. Despite this, Albania’s food exports remain … modest at 43.7 billion leks, … a boost in local production, Albania’s reliance on imports could …

  • Experts divided over Albania’s household energy price cut 13 Jan 2025 08:54 GMT

    … , January 13, 2025 – Albania’s decision to reduce electricity … . The price reduction—1 lek per kilowatt-hour—has been … monthly would save just 400 leks,” he observed, suggesting the … argue that without broader reforms, Albania’s energy market remains vulnerable …

  • Growth Boosted Employment, Wage Growth 18 Jan 2025 02:23 GMT

    … said that "the Albanian economy is following the trend … in the consumption of Albanian families and the positive … of Albania follows a free period of stability of the lek … financial and economic development of Albania, contributing to its further …

  • Drink and smoke prices set to soar as taxes rise 16 Jan 2025 15:47 GMT

    … for alcohol and cigarettes in Albania are expected to go up … small producers and 125.8 leks per liter for larger producers … is taxed at 62.9 leks per kilogram, while unroasted coffee … taxed. Smokers pay 7,500 leks per 1,000 cigarettes. Drivers …

  • Tirana Ranks 9th Most Expensive in Europe 16 Jan 2025 13:29 GMT

    High apartment prices and Albanians'; low incomes continue to … also reveal the unaffordability of Albanian families for the purchase of … country reached the level of Lek 75,114 according to INSTAT …

  • Fugitive shop boss accused of multi-million euro tax fraud 14 Jan 2025 15:19 GMT

    … Albania, is on the run after being accused of a multimillion-lek … tax fraud. Prosecutors claim the business hid 3.7 million leks … eight locations uncovered 8 million leks in cash, computers, and phones …

  • Lending from Non-Bank Institutions Slows Down 14 Jan 2025 15:31 GMT

    … institutions in September 2024 reached Lek 60.2 billion or about … the loan portfolio. Loans in lek have remained at approximate values … the continued appreciation of the lek against the euro. The main … adopted by the Bank of Albania. Based on the regulation …

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