Albania to Eliminate Euro Transfer Costs with SEPA Membership by 2025

Albania will officially join the Single Euro Payments Area (SEPA) on January 1, 2025, Prime Minister Edi Rama announced via a post on the social network "X." This move will eliminate financial fees for money transfers between Albania and EU countries, benefiting Albanian citizens who send or receive money across borders.

Rama emphasized that this decision marks a significant milestone on Albania’s path to EU membership, which the country aims to achieve by 2030....