Albania’s economy is projected to grow by 4% in 2025, Finance Minister Petrit Malaj revealed during a parliamentary meeting on the state budget.
Malaj pointed to a “solid foundation” laid in 2024, highlighting growth driven by private consumption, a booming services sector, and robust construction activity. Inflation fell sharply to 2.2% in 2024, down from 4.8% in 2023, outpacing improvements in neighboring countries and the EU.
“The strengthening of the lek reflects the positive trajectory of our economy and its external position,” Malaj said.
End-of-year support for vulnerable groups
Malaj detailed a government decree passed in December, redistributing 2.2 billion leks to pensioners and low-income families. A special fund for pension support was also established with an initial allocation of 6.3 billion leks.
Additionally, funds were increased for public sector needs, including police, farmers, and road maintenance.
International recognition
Malaj noted a boost in Albania’s credit ratings, with Moody’s and Standard & Poor’s upgrading the country in late 2024, signaling global confidence in the economy.
“Foreign investments rose by over 8%, reaching €1 billion in the first nine months of 2024,” he added, citing this as evidence of the government’s effective fiscal management.
The government plans to maintain a deficit of 57.28 billion leks for 2024 while reallocating resources to maximize public spending efficiency.
