The economical policies in support to foreign investors and the governmental backing provided in the fiscal sector are showing their effects since foreign investments are increasing continually. A recently published report by Bank of Albania shows that during this year, the import of equipments has increased by 8.2% equal to 62.1 bl ALL, compared to the same period of 2013.
The increase of foreign investments is also confirmed by the improvement of loans taken by businesses. According to the Albanian Association of Banks, investment loans at the end of July reached the value of 92.8 billion ALL, growing by 5.5% annually. Private investments are a primary component of the aggregate demand, along with consumption, public spending and net exports.
Despite foreign investments, the economic growth is being supported even by the increase of consumption, imports and VAT incomes. The increase of consumers demand has fostered the increase of investments by companies.
The only negative aspect noticed in the Albanian economy is the foreign position, according to experts, because of the increase of imports and the slowdown of the increase of exports. The reports published by Bank of Albania have shown a positive tendency of the economic growth for this year, and the experts are optimistic for a stable economic growth in the upcoming months.
News source: ATA
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