Documents Telo, Ilia 8 results

"In analysing the issue of social insurance, it is necessary to mention that everyone has their contribution registered, although the money taken by these contributions are immediately used to pay out benefits. The “pay-as-you-go” system means that working people contribute into the social insurance scheme the pensions of the current generation of retired people, or of those with disabilities, with their own pensions aftertheir retirement paid out in turn by younger generations of workers. It is obvious that, without sufficient contributions, current pensioners can not be paid, nor can they receive other benefits they may require. The goal of this paper is to analyse the current situation of pensions in Albania and to suggest some recommendations for increasing the amount of the state pension."

"After eight years of transition towards the market economy in Albania, we are able to draw a general picture of the state of the economy, its development and future perspective. The dramatic decline in economic activity in 1990 and 1991, which was primarily associated with the dissolution of the communist regime, ended by mid-1992. During the period December 1990-April 1992, there was political instability and social chaos which hindered the implementation of a clear, coherent and long-term strategy for economic reform which was, in turn, reflected in further macroeconomic disequilibrium. The second phase of transition that started in April 1992 saw the implementation of the liberal economic reforms of “shock” therapy, according to the recommendations of the international institutions, i.e. the International Monetary Fund and the World Bank. The article provides an overview of the economic development during the years of transition and tries to grasp the actual (1999) state of economy."