The article considers the formation of the Socialist Party of Albania and its history in changing the political and economic life of Albanian society. It also considers the place of the party within domestic politics at the end of the 20th and beginning of the 21st centuries. It also talks about the current role of the party in the domestic and foreign policies of Albania. The article analyzes the reasons why the Socialist Party of Albania has managed to achieve broad electoral support in recent years. It is noted that the strategic policy of Albanian socialists in recent years is closely interrelated with the achievement of European integration.