AGP Executive Report
Last update: 4 hours agoEU Industrial Policy: Albania provisionally closed accession Chapter 20 on enterprise and industrial policy in Luxembourg, bringing its total to four completed chapters. The EU says further reforms are needed. Economic Outlook: The IMF forecasts 3.5% growth for Albania this year, with inflation at 3.2%. Manufacturing: The sector is under strain, with reports of 25,000 jobs lost and 150 garment factories shut. Businesses are seeking tax cuts as production costs rise, while a proposed VAT reduction could support agro-processing. Trade and Investment: Albania and Israel signed a broader cooperation deal covering trade, investment, agriculture and technology; the government also plans direct contracts with Israeli companies. Regional Links: Corridor VIII is gaining prominence as a strategic transport and economic connection across the Balkans. Energy: Albania has met its clean-energy target, while a new regional oil coordination group aims to improve supply-risk monitoring.
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