Arab Today, arab today albanian economy to grow 21 in 2014
Last Updated : GMT 21:46:15
Arab Today, arab today
Arab Today, arab today

Albanian economy to grow 2.1% in 2014

Arab Today, arab today

Arab Today, arab today Albanian economy to grow 2.1% in 2014

Tirana - XINHUA

Albania's economy is projected to grow by 2.1 percent and its public debt to rise to 74.8 percent of the Gross Domestic Product (GDP) in 2014, according to the 2014 preliminary draft state budget submitted to the parliament for discussion on Monday. The new draft fiscal package involves a change of the taxation model, cutting the income tax rate on monthly salaries below 130,000 lek (1,300 U.S. dollars) and increasing tax on salaries over 130,000 lek. It also envisages a series of measures to ease fiscal burdens on small businesses and increase tax rates on big companies. A final 2014 state budget draft is scheduled to be adopted by the parliament on Dec. 28. "The 2014 state budget has full support and has been prepared in a close consultation process with the International Monetary Fund and World Bank to ensure the restoration of the macroeconomic stability for a long-lasting and sustainable economic development," Finance Minister Shkelqim Cani said as he presented the preliminary draft budget to the Parliament's Chairmanship Conference. He was optimistic about the effects of the new fiscal package, which also includes progress tax. "The progressive tax, which replaces the 10 percent flat tax, will benefit 97 percent of Albanians and turns into consumption of 15 million U.S. dollars," Minister of Economic Development, Trade and Entrepreneurship Arben Ahmetaj told reporters on Monday. "From January 2014, the Albanian government relieves the middle stratum of taxes. The progressive tax is a blessing for the middle and needy strata, as 338,872 employed people will be relieved of taxes from January 1, 2014," he added. The finance minister also presented projections for 2013, according to which, the real growth of the Albanian economy in 2013 is expected to be 1.3 percent, while public debt stands at 69.1 percent of GDP. Albania's central bank cut its key interest rates Monday to a record low of 3 percent, down 0.25 percentage points from the previous 3.25percent rate in November. The decision reinforces monetary stimulus for the country's economy, Governor of the Bank of Albania Ardian Fullani told a press conference, adding the country's inflation stood at 1 percent in November.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today albanian economy to grow 21 in 2014 Arab Today, arab today albanian economy to grow 21 in 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today albanian economy to grow 21 in 2014 Arab Today, arab today albanian economy to grow 21 in 2014

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday