Albania

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Knight

A close-up of a hopeful hand gently holding a small, newly sprouted plant, set against a softly blurred Albanian cityscape at golden hour, symbolizing the government's plan to increase the net wage and bolster citizens' economic well-being with tax relief for businesses.

Oct 1, 2025, 14:55 UTC

ALB Living Wage

Albania to Implement 25% Minimum Net Wage Hike to 50,000 Lek in 2026

Albania's government has announced plans to increase the bottom net wage by 25%, raising it to 50,000 Lek (approximately €500) starting January 2026. The initiative, led by Minister of Economy and Innovation Delina Ibrahimaj, aims to bolster the economic well-being of citizens, with businesses receiving an 18-month tax relief on the additional wage amount.

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Answer

Knight

A dynamic network of glowing blue and gold light trails connects stylized landmasses representing the Western Balkans, illustrating Albania's implementation of the TIPS Clone system for instant cross-border payments and regional financial integration.

Sep 24, 2025, 18:09 UTC

ALB Fiat or Crypto Banking Regulation

Albania Initiates Implementation of Instant Payments System, Adopting TIPS Clone for Western Balkans

Albania's central bank has begun implementing a local version of the European Central Bank's TARGET Instant Payment Settlement (TIPS) system, known as TIPS Clone. This initiative aims to enable instant cross-border payments within the Western Balkans, fostering regional financial integration and aligning with EU standards. The system is expected to be operational by mid-2026.

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