Albania's Economic Paradox: Rising Salaries, Falling Purchasing Power, and Persistent Poverty

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Albania's Economic Paradox: Rising Salaries, Falling Purchasing Power, and Persistent Poverty

Despite consistent increases in wages, particularly in the public sector, Albanians are finding it increasingly difficult to maintain their standard of living. The rising cost of goods and services, often comparable to or exceeding European prices, is eroding purchasing power and making daily life more expensive.Eurostat's recently published indicators for 2023 reveal that Albania continues to trail behind Europe in terms of income and individua…