
Flash News
Suspected of being murdered, photo emerges of 23-year-old found dead in Shkopet lake
Theth action, resident in tears: I built on my land with my life's expenses, the state should not destroy it
Directors targeted! After Fier and Durrës, Rama arrives in Elbasan
Name/Identification of the 23-year-old found dead near Shkopet Lake
IKM action in Theth, residents come out in protest
Albania needs 20 years to be classified in the group of high-income countries
Albania will need approximately 20 years to move to the classification as a high-income country, the World Bank's spring report for the ECA region, which includes 11 developing countries from Central Asia and Eastern Europe, said.
Data from the World Bank indicate that per capita income in Albania reached approximately 8,500 USD in 2023, but it will take approximately two decades to cross the threshold of 14,000 USD, which classifies countries as high-income. Meanwhile, to achieve the living standards that the EU has today, it will take more than half a century, according to other projections from the EBRD.
The World Bank divides economies into four income groups (low, lower-middle, upper-middle, and high) for several reasons directly related to its development mandate. Albania is currently classified in the upper-middle income group, which is made up of countries with per capita incomes between $4,500 and $14,000 per capita per year, according to the Bank's revised thresholds last year.
The latest report shows that countries in the Europe and Central Asia (ECA) region are facing serious challenges on the path to achieving high-income country status, a goal that seems increasingly distant for many of them.
Countries like Montenegro, Bosnia and Herzegovina, and Serbia are closer to this goal, with projections going up to about 10–18 years for classification in the group of highest-income countries. For Albania, this threshold is about 20 years, while for North Macedonia it takes a few years longer.
For the vast majority of ECA countries, including Georgia, Kyrgyzstan, Uzbekistan, and Armenia, this threshold is seen as unattainable in less than 80–100 years.
The analysis shows that all ECA subregions, with the exception of Turkey and parts of Central Asia, show negative deviations from pre-pandemic projections to reach this threshold. The Western Balkans and Central Europe have been hit hardest, with per capita incomes falling significantly compared to 2019 projections. Turkey is a positive exception, exceeding projections by around 10% compared to 2019.
Structural constraints, the consequences of the pandemic, and sub-potential growth are factors that are affecting the ability of these countries to advance economically. The Bank suggests new development policies, investments in human capital, and acceleration of economic and technological integration in the region.
This year, three countries - Bulgaria, Palau and Russia - moved from the upper middle-income category to the high-income category.
Bulgaria has steadily approached the high-income threshold with modest growth throughout the post-pandemic recovery period, which continued into 2023 as real GDP grew by 1.8%.
Economic activity in Russia was impacted by a large increase in military activity in recent years and a rebound in trade, the financial sector, and construction.
The Palau Islands also continued its post-pandemic recovery as GDP returned to previous levels, achieving high-income country classification./ Monitor
Latest news



Found dead in Shkopet Lake, 23-year-old has injuries to his throat
2025-07-09 10:41:39


Hoxha: We will have a parliament that will surpass any comedy program!
2025-07-09 10:10:32

Directors targeted! After Fier and Durrës, Rama arrives in Elbasan
2025-07-09 09:53:57
Name/Identification of the 23-year-old found dead near Shkopet Lake
2025-07-09 09:42:34
IKM action in Theth, residents come out in protest
2025-07-09 09:34:54
Reasons why the EU has not imposed new sanctions against Russia
2025-07-09 09:18:35
DW: Online scams increase human trafficking
2025-07-09 09:01:29

Reported missing by his father, 23-year-old found dead near Shkopet lake
2025-07-09 08:42:13

Horoscope, what do the stars have in store for you today?
2025-07-09 08:25:44
Sun and rain, Wednesday with unstable weather
2025-07-09 08:06:58
Posta e mëngjesit/ Me 2 rreshta: Çfarë pati rëndësi dje në Shqipëri
2025-07-09 07:52:02

Tabaku: Salianji bore a political cost that no one in Albania has borne
2025-07-08 22:36:15


Sekretet për të shijuar verën si një ‘profesionist’
2025-07-08 21:45:06


Albania's Waste Crisis: Toxic Smoke and Deep Governance Problems
2025-07-08 21:13:07
Alarming pollution in Fushë-Arrëz, copper factory waste turns the Fan River red
2025-07-08 21:07:14

Poll/ How do you assess the Prime Minister's intervention in local government?
2025-07-08 20:40:01
28 arrested in Italy and Spain for drug trafficking, including an Albanian
2025-07-08 20:24:14
Residents clash with police in Theth: We are on our land
2025-07-08 20:11:41
Death of 27-year-old in Lipjan, Osmani: To be investigated independently!
2025-07-08 20:06:52
Trump promises US will send more weapons to Ukraine
2025-07-08 19:54:25

EU targets health, education, police and cadastre as areas of corruption
2025-07-08 19:23:34




Salianji after his return: I did not oppose for functions, but for vocation
2025-07-08 18:23:15
Will he run in the 2029 elections? Here's how Salianji answers
2025-07-08 18:16:09
Boat captain drowns after diving into water to save two tourists in Shkodra
2025-07-08 18:05:12
Salianji from the DP headquarters: I brought a drug trafficker to justice
2025-07-08 18:03:26
After Fier, Rama "landes" in Durrës, dismissals expected
2025-07-08 17:53:32
Ervin Salianji arrives at the blue headquarters, welcomed by supporters
2025-07-08 17:45:12

EU approves final steps for Bulgaria's Eurozone membership
2025-07-08 17:43:06

Zhupa after Salianj's release: Inspiration for every opposition member
2025-07-08 17:19:39
Actor David Killick passes away
2025-07-08 17:09:23



Threatened with dismissals, Rama arrives at the Fier municipality
2025-07-08 16:39:19
Extreme temperatures temporarily close Acropolis in Greece
2025-07-08 16:30:34

A plot of cannabis is discovered in Mazha, Kruja
2025-07-08 16:13:48

Republika Srpska allocates additional 22 million euros for lobbying in the US
2025-07-08 15:52:04

Spices that protect you from mosquitoes!
2025-07-08 15:30:03

Accident on the Vlora-Qeparo axis, one injured
2025-07-08 15:11:52
Berat, 17 years part of UNESCO's world heritage
2025-07-08 15:03:30


Cost of living increases, inflation rises to 2.4% in June, driven by food
2025-07-08 14:29:54
VIDEO/ Restaurant roof collapses in Italy, one victim and ten injured
2025-07-08 14:18:44
Requested release from cell, Supreme Court leaves Veliaj in prison
2025-07-08 14:07:41
TikTok shutdown/ Austrian media: Rama benefited politically from the app ban
2025-07-08 13:48:25
Acropolis temporarily closed due to heat
2025-07-08 13:31:09



Salianj's release/Berisha: He was politically condemned by Rama and Xhafa!
2025-07-08 13:00:13

Knife attack on Peshkopia Boulevard
2025-07-08 12:44:10


Fier Court decides on the conditional release of Ervin Salianj
2025-07-08 12:15:23
Cost of living increases, inflation rises to 2.4% in June due to food
2025-07-08 12:00:16


Requesting conditional release, Ervin Salianji arrives at the Fier Court
2025-07-08 11:16:36
The first phase of university applications begins today
2025-07-08 11:10:52
Fire in Lura, flames endanger the National Park
2025-07-08 10:53:43
Trump warns of 35% tariffs on Serbia and 30% on Bosnia and Herzegovina
2025-07-08 10:37:32
Thethi rooster and the dung cock
2025-07-08 10:24:01

Fire in Dukat endangers Llogara National Park
2025-07-08 10:01:39
International drug search: 36-year-old arrested in Durrës (NAME)
2025-07-08 09:50:48
Thethi, tourists "criticize" modern trend
2025-07-08 09:39:54
Fire on Mount Dukat still active, Llogara National Park at risk
2025-07-08 09:28:12
Veliaj's appeal to be heard today in the High Court
2025-07-08 09:16:02
"Bad sign for democracy"/ Parliament neglects reporting by institutions
2025-07-08 09:04:56
Today's hearing at the Fier Court, Salianji requests conditional release
2025-07-08 08:56:39


Horoscope, what do the stars have in store for you today?
2025-07-08 08:16:19