The Covid-19 pandemic reached Albania in March 2020 and has become since then the focal point of concern for the Albanian economy. As it kicked off in March 2020 with the first case officially announced by the Ministry of Health and Social Protection, it continues to develop to date with thousands of cases reported on a daily basis by government entities.
In addition to the pandemic, Albania continued to feel the consequences of the November 2019 earthquake which displaced thousands and is still affecting the economic situation. The redevelopment plan in the damaged areas is ongoing. Several establishments are still in the process of being demolished, while others are in the reconstruction phase. A number of constructions are planned to be built, and construction hasn’t started with delay. The Albanian economy is currently suffering from the Covid-19 medium term effects and the earthquake aftermath and it is foreseen that their impact will continue throughout 2021 and well into 2022.