Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Albania's Rama wins historic fourth term, opposition says vote stolen
    Headlines

    Albania's Rama wins historic fourth term, opposition says vote stolen

    Albania's Rama wins historic fourth term, opposition says vote stolen

    Published by Global Banking and Finance Review

    Posted on May 13, 2025

    Featured image for article about Headlines

    By Fatos Bytyci

    TIRANA (Reuters) - Albanian Prime minister Edi Rama has secured an unprecedented fourth term in power after his Socialist Party sailed to victory in Sunday's election, official results showed on Tuesday, although the opposition claims the vote was stolen.

    With 98% of ballots counted, the Socialist Party (PS) had 52% of the votes, with the runner-up Democratic Party (PD) on 34%, figures from the election commission showed. As it stands, PS wins 82 seats in the 140-seat parliament while PD gets 52.

    If confirmed the result would extend PS's four-seat majority and give Rama a comfortable margin to form a government. It would also enable him to continue working to honour his pledge to bring Albania into the European Union by 2030, although many experts say that timeline is optimistic given the reforms required, especially in eradicating corruption.

    Doubts clouded the results, however. International observers questioned the fairness of the vote and Albania's special prosecutor said it was investigating 39 cases related to the election, mostly for vote buying. It did not say which parties were under suspicion.

    In a statement, European Commission Vice President Kaja Kallas and the EU's enlargement commissioner Marta Kos said the vote was "highly polarised", that contestants "did not enjoy a level playing field", and that authorities should investigate allegations of "electoral crimes".

    PD's firebrand leader, former president and prime minister Sali Berisha, dismissed the results and called for a protest on May 16, the day leaders from across Europe are scheduled to gather in the capital Tirana for a summit.

    "We will never accept these elections - never," Berisha told a press conference on Tuesday in which he alleged wrongdoing, without publicly providing evidence.

    Berisha continued the acrimonious language of the campaign trail, calling Rama a "narco-dictator". In a statement to Reuters, Rama's PS denied election fraud and called Berisha, 80, "an old, hopeless former communist politician" - a particular slight in a country that was locked away from the world for 50 years under iron-fisted communist rule until 1990.

    RAMA POWER

    Rama, in power since 2013, had been favourite to win the election, bolstered by an network built up over 12 years in power, a recent period of healthy economic growth and a fractured opposition.

    Two days before the vote, he forgave all government fines from 2015 to 2024, including for traffic, construction and health and safety infractions. 

    Still, the scale of victory has surprised some analysts, who had expected that graft scandals and recent unrest would dent Rama's lead.

    Instead, the resounding win might prolong political predictability in Albania in contrast to other Balkan countries such as Kosovo, Serbia and Bulgaria, where ruling parties have faced crises over the past year.

    "No one expected there to be a qualified majority for a single party. It is like (Hungarian Prime Minister Viktor) Orban in his best days," said political analyst Lutfi Dervishi.

    Rama has won favour from the West by accepting migrants from Italy and housing Afghans awaiting visa processing for the United States.

    But voters at home say he runs the country on a system of patronage and has done little to eradicate unemployment and graft that involves Albanian gangs laundering drug and weapons money at home. Hundreds of thousands of Albanians have emigrated since Rama came to power, in search of better prospects abroad.

    An international election monitoring mission led by the Organisation for Security and Cooperation in Europe said there had been a "misuse of public resources...by the ruling party" in the campaign. It cited "reports of pressure on public employees and other voters as well as cases of intimidation".

    (Reporting by Fatos Bytyci and Ivana Sekularac; writing by Edward McAllister; editing by Hugh Lawson and Mark Heinrich)

    Related Posts
    Italy removes emphatic 'Yes!' from national anthem
    Italy removes emphatic 'Yes!' from national anthem
    Two men found guilty of UK plot to kill hundreds of Jews as IS fears grow
    Two men found guilty of UK plot to kill hundreds of Jews as IS fears grow
    Factbox-Weight-loss drug developers line up to tap lucrative market as competition heats up
    Factbox-Weight-loss drug developers line up to tap lucrative market as competition heats up
    Russia's Lavrov to meet Syrian counterpart for talks in Moscow, TASS cites foreign ministry
    Russia's Lavrov to meet Syrian counterpart for talks in Moscow, TASS cites foreign ministry
    Germany deports criminal to Syria as pressure mounts on migration
    Germany deports criminal to Syria as pressure mounts on migration
    Campari's top shareholder regains seized shares after tax deal
    Campari's top shareholder regains seized shares after tax deal
    Israeli defence minister vows military to remain in Gaza
    Israeli defence minister vows military to remain in Gaza
    Two CMA CGM vessels navigate the Suez Canal in sign of easing tension
    Two CMA CGM vessels navigate the Suez Canal in sign of easing tension
    Jared Kushner's withdrawal from Serbia will hurt investment, official says
    Jared Kushner's withdrawal from Serbia will hurt investment, official says
    EU broadens industry compensation for emissions regulation costs
    EU broadens industry compensation for emissions regulation costs
    Ukraine's Zelenskiy says several draft documents ready after Miami talks
    Ukraine's Zelenskiy says several draft documents ready after Miami talks
    Italy's government wins upper house confidence vote on 2026 budget
    Italy's government wins upper house confidence vote on 2026 budget

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Greta Thunberg arrested at pro-Palestinian protest in London

    Greta Thunberg arrested at pro-Palestinian protest in London

    UK softens stance on farm tax after months of protests

    UK softens stance on farm tax after months of protests

    WhatsApp complains about restrictions in Russia after reported slowdown

    WhatsApp complains about restrictions in Russia after reported slowdown

    Novo Nordisk's weight-loss challenge in five charts

    Novo Nordisk's weight-loss challenge in five charts

    Spain set to re-enter Germany's top 10 export markets as shipments jump

    Spain set to re-enter Germany's top 10 export markets as shipments jump

    Major central banks deliver biggest easing push in over a decade in 2025

    Major central banks deliver biggest easing push in over a decade in 2025

    French lawmakers race to pass emergency rollover budget law

    French lawmakers race to pass emergency rollover budget law

    Russia and US discussed 'irritants' in relationship, key issues unresolved, Interfax reports

    Russia and US discussed 'irritants' in relationship, key issues unresolved, Interfax reports

    INSIGHT-Why the boss of a Russian defence factory set fire to himself on Red Square

    INSIGHT-Why the boss of a Russian defence factory set fire to himself on Red Square

    Cricket-England to probe reports of excessive drinking during Ashes break

    Cricket-England to probe reports of excessive drinking during Ashes break

    Novo Nordisk shares jump almost 8% after US approves Wegovy pill

    Novo Nordisk shares jump almost 8% after US approves Wegovy pill

    Two killed in underground explosion at Polish coal mine

    Two killed in underground explosion at Polish coal mine

    View All Headlines Posts
    Previous Headlines PostHow should Norway spend its cash? Solve global problems, says citizen panel
    Next Headlines PostFrench cinema icon Depardieu convicted of sexual assault - court ruling