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Touristic Albania, young people passionate about history

Touristic Albania, young people passionate about history

TIRANA, August 15 Young people who are passionate about history are among many foreign tourists who have chosen this year to visit Albania. The Castle of Shkodra was the starting point for traveling to the historic monuments of two Dutch youths, Marilyn and Dan. “We are...

INSTAT: Energy, record of exports

INSTAT: Energy, record of exports

TIRANA, March 24 INSTAT announced today that last year energy exports were 1868 GWh in total, which is two times more than in 2015, as a result of favorable hydrological conditions, but also because of the increment of production capacity in recent years. INSTAT reported that...

IMF: Albanian economy to grow by 3.6% in 2016

IMF: Albanian economy to grow by 3.6% in 2016

Tirana, Albania 13 April, 2016 In its April report, the International Monetary Fund says Albania’s economic growth for 2016 will be 3.4%, while in the next year Albania’s economic growth is expected to be 3.8%. Regarding the inflation of prices, the IMF says this economic...

GDP rose 2.61% in 2015, says Institute of Statistics

GDP rose 2.61% in 2015, says Institute of Statistics

Tirana, Albania 11 April 2016 A report published on Monday, April 11, 2016 by the Albanian Institute of Statistics says country’s economy increased by 2.61% in 2015, in comparison to 2014. The Gross Domestic Product rose 2.61% during the past year and the industries that...

Factors that caused the decrease of the inflation rate in February

Factors that caused the decrease of the inflation rate in February

Tirana, Albania 17 March, 2016 In a latest press interview, Bank of Albania’s Governor, Genti Sejko said the consumption and investments will increase during the upcoming months, taking in consideration the positive performance of some specific economy indicators. Sejko’s declaration comes after the decrease of...

Bank of Albania: Interest rate to remain 1.75% during 2016

Bank of Albania: Interest rate to remain 1.75% during 2016

Tirana, December 17, 2015 Bank of Albania Governor Gent Sejko declared in a press conference that Bank of Albania has decided to keep the interest rate at 1.75% during 2016, arguing that country’s economy is growing under its potential and the inflation rate is lower...

Nonperforming loans decreased in October

Nonperforming loans decreased in October

Tirana, December 15, 2015 Nonperforming loans have decreased slightly during October, according to statistics published lately by the Albanian Association of Banks. Nonperforming loans decreased to 20.4% from 20.6% that were registered on September while in annual terms they have decreased by 15%. Experts say...

Albania’s economy to increase below the IMF expectations in 2016

Albania’s economy to increase below the IMF expectations in 2016

The International Monetary Fund released the October 2015 Global Financial Stability Report which examines the determinants and resilience of market liquidity and the growing level of corporate debt in emerging markets. As for the Albanian Economy, the IMF report foresees that the country will have...