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Economy Minister says economic growth will be lower due to... protests

2026-11-09 17:24:55Biznes SHKRUAR NGA REDAKSIA VOX

Economy Minister says economic growth will be lower due to... protests

Violent protests and damage to businesses are expected to slow down the Albanian economy during the last quarter of the year. Economy Minister Delina Ibrahimaj stated in the Economy Committee that the effects of violence during the protests are being felt by businesses and will affect the performance of economic activity.

During the discussion, DP MP Bujar Leskaj asked for explanations for the economic growth forecast of 3.9%, compared to 4% a year ago.

"Can you explain to us the phrase 'Albanian economic miracle' that your global leader said about this budget, at a time when economic growth here is predicted to be 3.9% from 4% last year?", asked Leskaj.

"In this quarter, due to violent protests, we have had an effect on the economy. Citizen protests are not violent and do not harm private business. Because of this, we will feel a slower economic performance, because we have entire businesses that are feeling the effects of the violence in the protests," Ibrahimaj responded.

Another issue discussed in the Committee was pension indexation. Socialist MP Erion Braçe called for a review of the current formula, arguing that pensioners with lower incomes are hit harder by inflation.

Minister Ibrahimaj expressed her willingness to launch a study on the possibility of graduated indexation of pensions, in order to benefit low-income families more.

"I can personally commit to starting such a study and then see what the best way is to do this indexation, perhaps in a phased manner, so that it has an impact on those families that actually have lower incomes and has a greater impact," Ibrahimaj declared.

The Minister also focused on fiscal changes, guaranteeing controls in the market after the VAT reduction to 6%, to avoid price abuses. According to her, the implementation of the turnover tax will also be monitored.


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