The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market.
A pyramid scheme is a business model which, rather than earning money by sale of legitimate products to an end consumer, mainly earns money by recruiting new members with the promise of payments. As the number of members multiplies, recruiting quickly becomes increasingly difficult until it is impossible, and therefore most of the newer recruits do not make a profit. As such, pyramid schemes are unsustainable. The unsustainable nature of pyramid schemes has led to most countries outlawing them as a form of fraud.
The South American economic crisis is the economic disturbances which have developed in 2002 in the South American countries of Argentina, Brazil and Uruguay.
The flag of Albania depicts a silhouetted black double-headed eagle in the center of a red background. The red stands for bravery, strength, valour and bloodshed, while the Eagle – traditionally the symbol of Albanians – represents the sovereign state of Albania. The flag was established as the national flag of Albania when the country gained its independence from the Ottoman Empire in 1912.
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided.
The Congress of Lushnjë, historically documented by the name Mbledhja Kombiare Lushnje, was a conference of Albanian political leaders held from January 21 to January 31, 1920, in Lushnjë, Albania.
The Democratic Party of Albania is a conservative political party in Albania. It has been the largest opposition party in the country since 2013.
Bashkim Fino was an Albanian socialist politician who served as the 29th Prime Minister of Albania from March to July 1997.
In 1997, Albania experienced widespread civil unrest due to economic problems caused by the collapse of pyramid schemes. The large sums of money siphoned from the government to fund these schemes led to the collapse of the Democratic Party's government in January 1997. The conflict, which lasted until August 1997, resulted in the deaths of more than 2,000 people. The establishment of a new government occurred as revolutionaries surrounded Tirana. Various sources also describe the ensuing violence as a rebellion or even a civil war.
The Principality of Albania was a monarchy from 1914 to 1925. It was headed by Wilhelm, Prince of Albania, and located in modern Albania in the Balkan region of Europe. The Ottoman Empire owned the land until the First Balkan War (1912—1913), which ended in the Treaty of London that formed the principality. The Principality of Albania survived invasions during World War I (1914—1918) and subsequent disputes over Albanian independence during the Paris Peace Conference (1919—1920). In 1925, the monarchy was abolished and the Albanian Republic (1925—1928), a parliamentary republic and dictatorship, was declared.
The fall of communism in Albania, the last such event in Europe outside the Soviet Union, started in December 1990 with student demonstrations in the capital, Tirana, although protests started in January that year in other cities like Shkodër and Kavajë. The Central Committee of the communist Party of Labour of Albania allowed political pluralism on 11 December and the largest opposition party, the Democratic Party, was founded the next day. March 1991 elections left the Party of Labour in power, but a general strike and urban opposition led to the formation of a "stability government" that included non-communists. Albania's former communists were routed in elections in March 1992 amid economic collapse and social unrest, with the Democratic Party winning most seats and its party head, Sali Berisha, becoming president.
In 1991, the Socialist Party of Albania, with specific social democratic ideology took control of the country through democratic elections. One year later the Democratic Party of Albania won the new elections. After 1990, Albania has been seeking a closer relationship with the West. What followed were deliberate programs of economic and democratic reform, but the implementation of capitalism led to the proliferation of pyramid schemes. Chaos in late 1996 to early 1997, as a result of the collapse of these pyramid schemes, alarmed the world and prompted the influx of international peacekeeping forces. In 1995, Albania was accepted into the Council of Europe and requested membership in NATO and is a potential candidate country for accession to the European Union. The workforce of Albania has continued to emigrate to Western countries, especially Greece and Italy.
Bashkim Gazidede was an Albanian mathematician, author, politician, and a chief of the national intelligence agency.
Arben Malaj has been Minister of Finance and Economy in the Republic of Albania different times from 1997 until 2005. He is known for transforming the Albanian economy into a European profile, after the hard social-economic crisis that this country passed during the year 1997. He served as a Member of the Albanian Parliament from 1997 to 2013 chairing the Parliamentary Committee on Economy and Finance.
The 2011 Albanian opposition demonstrations were a series of anti-government protests in cities around Albania following 18 months of political conflict over alleged electoral fraud by the opposition. A video surfaced which portrayed the deputy prime minister arranging a corrupt deal with the minister of economy. The public outcry over the video resulted in the resignation of the deputy prime minister, Ilir Meta. A demonstration was called by parliamentary opposition parties, which include the Socialist Party and the Unity for Human Rights Party. These were called on 21 January in order to protest the alleged corruption of the Albanian government as well as widespread unemployment and poverty in the country.
The A2 motorway is a motorway in Albania spanning 46.5 kilometres across the counties of Fier and Vlorë.
The Fino Government better known as the Government of National Reconciliation was a caretaker government that presided over Albania from 13 March 1997 to 24 July 1997, during the Albanian unrest of 1997. It was created as a result of the social, economic, and political turmoil of early 1997, spurred by the collapse of pyramid schemes and the subsequent loss of many Albanians' life savings. This government was formed in the week following the resignation of the government of Aleksandër Meksi on 1 March 1997 by the major political parties of the country with international support. The Government was voted in the morning session at 10:00 a.m. on 12 March 1997, while received the approval of the President Sali Berisha shortly before midnight on the same day.
Albania–Italy relations are the bilateral relations between Albania and Italy. Albania has an embassy in Rome and two general consulates in Bari and Milan. Italy has an embassy in Tirana and a general consulate in Vlorë.
Anarchism in Albania was first introduced by the Italian anarchist volunteers who fought during the Albanian revolts against the Ottoman Empire and later opposed the Italian military occupation of the country. Native Albanian anarchists first organised themselves within the rising communist movement during the 1920s, but libertarian tendencies were eventually supplanted by Marxism–Leninism, which became the leading tendency by the 1930s. After World War II, a People's Republic was established by the communists under Enver Hoxha, which briefly implemented socialist self-management before drifting towards an anti-revisionist form of Marxism–Leninism. When communist rule collapsed, the country went through rapid liberalization which caused an insurrection against the state, leading to renewed anarchist analysis of the situation in Albania and the rise of anarchist sympathies among Albanian migrants abroad.
Pleurad Xhafa is an artist, documentary filmmaker, and activist currently based in Tirana. Xhafa develops projects that examine the effects produced by neoliberal political experiments. His research and critical work result from a post-conceptual practice that operates on a documentary basis to subsequently report—visually and politically—on the culture of our time. Xhafa is one of the founders of DebatikCenter of Contemporary Art and is a member of art collective Manifesto.
