Bank of Albania to activate Tirana Stock Exchange

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One of the Bank of Albania’s long term strategic projects is the activation of Tirana Stock Exchange as according to Bank of Albania Governor Gent Sejko, “the Bank has started working to activate Tirana’s Stock Exchange although we haven’t set a concrete date for its opening.” In an interview given for Ora News Tv and published at Bank of Albania’s website, Sejko declares that the reform against the informality will have an important effect in the activation of Tirana Stock Exchange.

He cites that “in a situation of informality, we cannot activate the Stock Exchange since it requires a clear listing of companies that operate in the country, a clear list of certified balances of companies and real figures in order to have a clear panorama of the reality and to increase the reliability of the Stock Exchange.” According to Sejko, if companies do not certify their capital, the Stock Exchange would be a speculative one and would not be functional. Tirana Stock Exchange was established for the first time in 1996 and currently is out of function.

The Bank of Albania’s project for the activation of Tirana Stock Exchange will be jointly implemented in cooperation with the Ministry of Finances, the government and other important actors of the economy field. Bank of Albania operates as a regulatory institution for the market in Albania by providing policies and by applying measures in various situations.

 News source/photo: Bank of Albania