AGP Executive Report
Last update: 6 hours agoFiscal Policy: Albanian manufacturers oppose proposed 2027 tax increases, warning higher corporate and dividend taxes could add about €85 million a year in costs and curb investment. The draft also cuts VAT on basic foods from 20% to 6%, while raising the standard rate to 21% and tourism VAT to 10%. Economic Outlook: The World Bank forecasts 3.4% growth this year, supported by consumer spending and lending; it says trade reforms could expand the economy by as much as 10% over the medium term. Trade Links: A €310 million highway under construction in Greece is expected to cut travel from Ioannina to Albania’s Kakavia border to 35–40 minutes when it opens in 2029, strengthening cross-border connections.
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