The Minister of Economy, Petrit Malaj said on Tuesday that “in less than a decade, the potential of Albania’s production has tripled. The domestic production has increased more than three times from Euro 9.6 billion in 2013 to Euro 27 billion today”.
In his speech, during a meeting with the business community for the 2026 Fiscal Package, Malaj said that “the projection is that we will bring the Albanian economy to Euro 35 billion in 2030”.
“This is not just a statistic, but GDP growth translates into a much more active economy, translates into more investments in more jobs and, on the other hand, into more security. Equally important for the government is the quality of economic growth that our country has,” emphasised Malaj.
According to him, Albania has had a faster and stronger performance and growth rate than many Western Balkan countries.
Further, Malaj stated that “the 2026 fiscal package is not simply a technical exercise that the government undertakes, but in fact it is the political and strategic presentation of this government. It has been drafted with the aim of supporting business, of course, also to ease the administrative burden in order to create a more competitive environment among you”.
Malaj also said that this is a very great achievement because the government has managed to increase budget revenues without increasing taxes and the fiscal burden for each of you.
Speaking about European integration, Malaj emphasised that “for Albania, integration is not simply a diplomatic process, the reforms that we are undertaking are not only in terms of administrative processes, but they also affect the private sector”.
“Albanian business must have all the necessary knowledge to not only understand how the EU market works, but must be prepared and must have competitive advantages before going to this market,” said Malaj.
Furthermore, Malaj said that “the 5% rate that was determined in the law on the revaluation of real estate takes into account the depreciation of businesses.”
Responding to business interest in this law at the meeting with the business community on the Fiscal Package and the Fiscal Peace policy, Malaj said that “in a calculation made by the Ministry of Finance, the effective revaluation rate that all individuals will pay for their assets, if we take a 10-year-old apartment, the revaluation rate will be 2.4%. If we take a 5-year-old apartment, the real revaluation rate will be somewhere around 3.2%.
“The 5% revaluation rate for apartments is only for apartments that have been newly built,” Malaj said.