{"id":13904,"date":"2021-05-20T06:37:18","date_gmt":"2021-05-20T06:37:18","guid":{"rendered":"http:\/\/euronews.al\/en\/?p=13904"},"modified":"2021-05-20T06:37:29","modified_gmt":"2021-05-20T06:37:29","slug":"money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/","title":{"rendered":"Money laundering in Albania estimated at around \u20ac700 million per year, GIATOC report"},"content":{"rendered":"<p>An estimated \u20ac300 million to \u20ac700 million acquired illegally enters Albania per year, according to a calculation from the international NGO Global Initiative Against Transnational Organized Crime (GIATOC).<\/p>\n<p>Illegal funds are yielded from three main sources: criminal activities, corruption, and tax evasion.<\/p>\n<p>In Albania, around \u20ac1.6 billion worth of money has been washed in the construction industry over the last 3 years.<\/p>\n<p>The construction of new buildings skyrocketed after 2015 and land permits issued are five times higher in 2020 compared to 2015, noticeably maintaining this trend even during the first year of the pandemic, when all other sectors were struggling.<\/p>\n<p>In a year crippled by crisis, the only industries that reported growth were construction and real estate. However, this growth is not on the same line with the economic development of the country nor demands from the housing market.<\/p>\n<p>In 2017, an apartment in Tirana used to cost an average of \u20ac861 per square meter. Now, the price has increased to \u20ac1.400-\u20ac2.000, and in some areas even up to \u20ac4.000.<\/p>\n<p>\u201cGiven that they are illegal, these trends are difficult to study and calculate\u201d, said the co-author of the report Kristina Amerhauser for \u201cMe Pak Fjale\u201d on Euronews Albania.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li class=\"title-post\"><span style=\"color: #000000;\"><strong><a style=\"color: #000000;\" href=\"https:\/\/euronews.al\/en\/albania\/2021\/05\/14\/unpublished-experts-hospitals-amongst-the-places-where-counterfeit-money-circulates-the-most\/\">Unpublished | Experts: Hospitals, amongst the places where counterfeit money circulates the most<\/a><\/strong><\/span><\/li>\n<li class=\"title-post\"><span style=\"color: #000000;\"><strong><a style=\"color: #000000;\" href=\"https:\/\/euronews.al\/en\/albania\/2021\/01\/17\/dirty-money-trail-albania-concerned-over-criminals-offshore-wealth\/\">\u201cDirty money trail\u201d, Albania concerned over criminals\u2019 offshore wealth<\/a><\/strong><\/span><\/li>\n<li class=\"title-post\"><span style=\"color: #000000;\"><strong><a style=\"color: #000000;\" href=\"https:\/\/euronews.al\/en\/albania\/2020\/10\/13\/reconstruction-tenders-suspicions-that-money-channelled-to-individuals-with-ties-to-power\/\">Reconstruction tenders, suspicions that money channeled to individuals with ties to power<\/a><\/strong><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>An estimated \u20ac300 million to \u20ac700 million acquired illegally enters Albania per year, according to a calculation from the international NGO Global Initiative Against Transnational Organized Crime (GIATOC). Illegal funds are yielded from three main sources: criminal activities, corruption, and tax evasion. In Albania, around \u20ac1.6 billion worth of money has been washed in the [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":13905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[150,151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Money laundering in Albania estimated at around \u20ac700 million per year, GIATOC report - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money laundering in Albania estimated at around \u20ac700 million per year, GIATOC report - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"An estimated \u20ac300 million to \u20ac700 million acquired illegally enters Albania per year, according to a calculation from the international NGO Global Initiative Against Transnational Organized Crime (GIATOC). Illegal funds are yielded from three main sources: criminal activities, corruption, and tax evasion. In Albania, around \u20ac1.6 billion worth of money has been washed in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Euronews Albania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/euronews.al\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-20T06:37:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-20T06:37:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2021\/05\/INSTA-16x9.01_04_43_09.Still051-1068x601-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Euronews Albania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:site\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Euronews Albania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/\"},\"author\":{\"name\":\"Euronews Albania\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\"},\"headline\":\"Money laundering in Albania estimated at around \u20ac700 million per year, GIATOC report\",\"datePublished\":\"2021-05-20T06:37:18+00:00\",\"dateModified\":\"2021-05-20T06:37:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/\"},\"wordCount\":238,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2021\/05\/INSTA-16x9.01_04_43_09.Still051-1068x601-1.jpg\",\"keywords\":[\"Kryesor 1\",\"Kryesoret\"],\"articleSection\":[\"Albania\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/\",\"url\":\"https:\/\/euronews.al\/en\/money-laundering-in-albania-estimated-at-e700-million-per-year-giatoc-report\/\",\"name\":\"Money laundering in Albania estimated at around \u20ac700 million per year, GIATOC report - 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