Over 4,000 businesses faced closure over unbearable high prices



Text sizeAa Aa

Albanian businesses are experiencing a major crisis due to increased prices.

Euronews Albania made a ground observation on some of the main neighborhoods in the capital to see how the crisis is affecting shopowners.

Closed shutters and signs like ‘store is on sale’ were not uncommon in any of these areas.

But in order to have an even more precise idea about the impact of the crisis, Euronews Albania sent an inquiry to the National Center of Business (QKB), which provided us with accurate data.

According to QKB, inflated prices started affecting Albanian businesses last June.

As per this data, from last June to December the toll of businesses that were forced to face closure reached 3,228.

In addition to that, from this January another 924 businesses closed down, that on average is 15 businesses per day.

According to the head of the association of small businesses, things started to decline during the pandemic, adding that the aid provided by the government was insufficient.

“Other countries like Kosovo accorded 1.9% of their GDP in aid for small businesses. Let alone Serbia who gave 4.6% of its GDP, in addition to cutting down local tariffs”, said Albert Nasto.

Another factor he pointed out is informality, citing data from INSTAT, the public statistics institute, 45% of Albanian businesses were part of the grey economy.

According to Nasto, the war in Ukraine dealt the last blow to the already aching small enterprises.

The head of the small businesses association proposed several measures to counter the crisis.

Nasto said that it should all start by tackling corruption and reducing local taxes, as well as having stable financial laws.

“In Albanian, the fiscal system has changed around 80 times in the last three decades”, Nasto said.



  1. What’s also breeding optimism for the merge this time is the emergence of the “fee market of ethereum,” in Spencer’s view.  Please add a valid email address Only the black part of the product image will be cut as the decal, in whatever color you choose. There is not a background color. The decal is single color and single layer. Size refers to the longest dimension, either wide or high. DON’T SEE WHAT YOU ARE LOOKING FOR? – CONTACT US FOR CUSTOM QUOTES ON YOUR IDEAS, DESIGNS OR LOGO’S. I will get back to you. As you are aware the Ethereum Foundation is a NFP Org and these things we take VERY seriously. Shirt made me laugh and came in a size big enough for my fat butt! Ethereum logo, gold, SVG Download the free report, which provides important insights on building sustainable Ethereum and Web 3.0 business models. https://extra-wiki.win/index.php/Billion_pulls_back_off_cryptocurrency_market Below are the highest-ranked decentralized cryptocurrency exchanges, according to traffic, liquidity, and trading volumes: Moreover, the proposed Regulation on information accompanying transfers of funds and certain crypto-assets (FCTR) will aim to ensure that crypto-asset transfers which include at least one crypto-asset service provider can be traced and that suspicious transactions can be blocked. Swift negotiations by the European Commission, European Parliament and the Council of the European Union, together with thorough enforcement by competent national authorities, are necessary given the rapid growth of the crypto market. ‘Right now is not the time to act like a little delinquent. It’s not funny,’ sheriff says In addition to affordable trade and conversion fees, Binance.US offers charting and data visualization that let you keep track of your assets at a glance. Its centralized dashboard steers users toward discounts and different purchase and trading options, and order types.

  2. mba dissertation writing services
    [url=”https://professionaldissertationwriting.com”]best dissertation writing services uk[/url]
    uf thesis and dissertation

  3. gay christian dating
    [url=”https://datinggayservices.com”]chubby gay mens dating sites[/url]
    white gay liberal dating interracial to avoid seen as racist

  4. [url=https://antibioticwithoutpresription.shop/#]amoxicillin 500mg no prescription[/url] buy cheap amoxicillin

  5. เว็บ สล็อต ออนไลน์อันดับ 1 ในทวีปเอเชีย เป็นเว็บออนไลน์ ที่ดีเยี่ยมที่1ของไทย พีจี สล็อต ระบบน่าไว้วางใจ เล่นได้ จ่ายจริง ไม่มีต่ำ ฝาก-ถอน เร็วทันใจเล่นง่ายไม่ยุ่งยาก ทำเงิน ได้จริง

  6. [url=https://canadianpharmacy.best/#]pet meds without vet prescription canada[/url] canadian pharmacy store

  7. i need help writing an argumentative essay
    [url=”https://geniusessaywriters.net”]service learning reflection essay[/url]
    best writing services reviews


Please enter your comment!
Please enter your name here



Rama replies to Kim: I reject the language used; a fog is being created that only benefits criminals

Prime Minister, Edi Rama, has refused to give an answer regarding the statement made a few days ago by the US ambassador in Tirana,...

Energy-saving, Rama: Reasons why we could return to the price band

Prime Minister Edi Rama has revealed the reasons why we could be returning to the price band for energy consumption. In an interview for "Now"...

Internationals are not against fiscal amnesty, claims Rama

We are not against any international institution and any international partners." This is what Prime Minister, Edi Rama, said in an interview for the "Now"...