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Albanian Association of Banks: Economy remains stable and is well capitalized
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Albanian Association of Banks: Economy remains stable and is well capitalized

Albanian Association of Banks has declared in a press release that the country’s economy remains stable and the banking system is showing a satisfactory performance. Through a press release, the Albanian Association of Banks, speaking on behalf of all its member banks, stated that the banking system remains liquid, well capitalized, with a steady growth...

INSTAT: Prices and inflation increased during August 2014
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INSTAT: Prices and inflation increased during August 2014

The Institute of Statistics has published the report for August 2014, on the fluctuations in the country’s economy. According to the official data, the annual change of the consume prices’ index is 2%, while a year before this change was estimated to be only 1.2%. This is the preferred minimal level of the inflation, according...

BoA’s package of measures shows its effects in banks system
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BoA’s package of measures shows its effects in banks system

Last year, Bank of Albania adopted a package of measures for the encouragement of lending that in essence aims to increase the financing of country’s economy and to restrict the bank’s investments outside Albania. Despite the efforts, these measures have not had the expected impact to maintain the increase of loans but the report of...

Bank of Albania puts on sale 40 ml EUR 2 year fixed bonds
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Bank of Albania puts on sale 40 ml EUR 2 year fixed bonds

Bank of Albania has put on sale 40 ml EUR 2 year fixed bonds, after recently selling 3.5 bl ALL two year fixed bonds with a fixed interest rate on behalf of Ministry of Finances. Based on the results of the auction, the demand of financial institutions for the buying of long term governmental bonds...

Deposits of businesses increase by 5.4%
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Deposits of businesses increase by 5.4%

Albanian Association of Banks expressed concerns about the increase of deposits of businesses, which means lack of investments and insecurity. According to the latest declaration by this association, businesses in Albania are depositing their earnings in banks instead of investing them in their businesses or in opening new enterprices. The deposits increased in the first...

BoA: Industry’s good performance is helping the economy
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BoA: Industry’s good performance is helping the economy

The industry sector activity has marked growth in the first trimester of 2014, but at lower levels than the previous trimester, announced the Bank of Albania. this growth estimated to be at a percentage of 8.2 and according to the bank, the performance of industry was led by extractive industry which contributed with 14.6% in...

BoA: Inflation rates continue to remain at low levels
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BoA: Inflation rates continue to remain at low levels

The latest data published by the Bank of Albania on their monthly newsletter show that the inflation in our country will vary from 0.9% to 3.6% during 2014. Economy experts are of the opinion that Bank of Albania will serve as a stimulator during the medium term period, considering that this institution has an operational...

Bank of Albania: Businesses and costumers are more optimistic
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Bank of Albania: Businesses and costumers are more optimistic

According to the latest reports published by Bank of Albania, costumers and businesses in country are more optimistic regarding economic development, in the second trimester of this year. The trust of costumers and businesses for the economic situation, mainly led by the optimism in industry, commerce and services, has increased by 5.6%, the highest level since...