Category: Albania

EU Urges Albania to Reform Judicial System and Corrupt Governance


As a precursor for acceptance into the European Union, Eurozone leaders require that Albania improve its judicial branch and foster government transparency, according to the Associated Press. EU authorities granted Albania candidate status and they are expected to enter negotiations for full membership this year. The United States has also pressed the Balkan nation for similar reforms.

Albania Economy, Country Of Albania


 
 

Albania is a lower middle-income economies coming under the Europe and central region, as to the classification made by the World Bank on the basis of income and region for the year 2006.

The larger portion of Gross Domestic product in the country comes from the agriculture sector. Major industries of the country are textiles, leather goods, petrol, cement, sugar, and beer. The country’s important mineral products are coal, oil, copper and nickel.

Published
Categorized as Albania

Albania Economic Forecast


Albania is making progress transitioning to a free market economy, but it is still structural more reminscent of an economy in the Middle East or Africa than of one in Europe.

The Albanian government is also faced with the challenge of lowering the country’s crime rate by introducing reform packages that focus on attracting foreign investments to the bleak economy and create employment opportunities for the population.

Published
Categorized as Albania