Western Balkans and EU News

Business / Economy News


Tirana, 30 November 2020, dtt-net.com – The International Monetary Fund (IMF) today said that Albanian economic growth is set to decline by 7.5 per cent this year amid consequences of Covid19 pandemic and the earthquake of November 2019.


Tirana, 07 October 2020, dtt-net.com – Because of Covid19 pandemic, economic growth in the Western Balkans six countries is expected to shrink by 4.8 percent in 2020 - a steeper recession than envisioned in June, the World Bank said in a report today.


Tirana, 03 October 2020, dtt-net.com - Albanian and American governments today signed a Memorandum of Understanging (MoU) aimed at boosting economic ties between the two countries, including on 5G technology standard for broadband cellular networks, on top of construction of a 120 MWh hydropower plant (HPP) by American company Bechtel.


Prishtina, 30 September 2020, dtt-net.com – The GDP of Kosovo decreased for -9,28 percent in the second trimester this year compared to the same period in 2019, according to Kosovan statistical agency.


Tirana, 29 September 2020, dtt-net.com – The International Monetary Fund (IMF) said that Albanian economy is expected to contract by 7,5 percent this year because of Covid19 pandemic damages to the economy, thus revising its outlook of April.


Tirana, 24 September 2020, dtt-net.com – Albania has recorded a 64.2 percent fall of the number of tourists during the eight months of this year, compared to the same period last year, according to the new official data.


Belgrade, 22 September 2020, dtt-net.com  - The USA International Development Corporation (DFC) today opened an office in Serbian capital Belgrade as the country is promised to get 3.7 USD billion of loans for infrastructure projects following September 4 agreements signed in Washington.


Prishtina, 21 September 2020, dtt-net.com – Roadway, railway and LNG projects in Kosovo pledged on September 4 in Washington, are about 1 USD billion worth, and Kosovan government is expected to get financing loans from two USA banks, according to visiting American officials.


Belgrade, 15 September 2020, dtt-net.com - The coronavirus pandemic has hit micro enterprises in Serbia hardest and led to a decline in working hours during the second quarter of 2020 equivalent to the loss of 510,000 full-time jobs, according to a report by the the European Bank for Reconstruction and Development (EBRD) and the International Labour Organization (ILO).


Podgorica, 03 August 2020, dtt-net.com – Tourism sector in Montenegro is suffering severely because of the drastic fall of tourists numbers because of Covid-19 crisis, according to the data by authorities.