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BoA: Albanians Pessimistic about Economy in Q4, 2018
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BoA: Albanians Pessimistic about Economy in Q4, 2018

TIRANA, January 8 The public perception of the economic conditions worsened for the third quarter in a row. The Bank of Albania (BoA) reported a 1.2 point decline in the economic performance index during the four quarter (Q4) of 2018. This index helps to measure the assessment of businesses and consumers on the economic conditions....

How to Exchange Damaged Banknotes in Albania?
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How to Exchange Damaged Banknotes in Albania?

TIRANA, December 26 It has happened to each of us at least once to get stuck with damaged, soiled, or torn banknotes that no one accepts. Instead of hoping that you can pass it to someone else without being noticed, you can do this. The Bank of Albania (BoA) defines the procedure for exchanging damaged...

Foreign Investments Surged in Q1
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Foreign Investments Surged in Q1

TIRANA, June 12 Foreign Direct Investments (FDI) increased by 61.6 percent during the first quarter (Q1) of 2018 compared to the same period of the previous year. The Bank of Albania (BoA) reported that foreign companies invested Euro 283 million in the Albanian economy, or some €108 million more compared to January-March 2017. BoA confirms...

BoA Cuts Key Rate to Record Low of 1%
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BoA Cuts Key Rate to Record Low of 1%

TIRANA, June 7 The Supervisory Council of the Bank of Albania (BoA) decided in an unexpected meeting to cut the key rate to the record low of 1 percent. BoA’s governor Gent Sejko said in a press conference on Wednesday that the Supervisory Council focused on the analysis of the rapid appreciation of the exchange...

Euro Hits Lowest Level against Lek Since 2009
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Euro Hits Lowest Level against Lek Since 2009

TIRANA, May 3 The Bank of Albania (BoA) says that the recent strengthening of the Albanian Lek against the Euro is not a consequence of the institution’s strategy for a strong domestic currency. On Thursday, the Euro exchange rate to Lek was 127.92, the lowest rate since 2009. BoA’s governor gent Sejko said that other...