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The WB Trims Albania’s 2019 & 2019 Growth Forecast
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The WB Trims Albania’s 2019 & 2019 Growth Forecast

TIRANA, January 9 Based on the latest World Bank (WB) estimates, Albania’s growth in 2019 and 2020 is forecast to decline to 2.9 percent and 3.4 percent respectively. This means that the change from June 2019 projections is respective minus 0.8 and 0.3 points. The WB Global Economic Prospect, published on Wednesday, reads that in...

Albania Sees Q3 GDP Growth Driven by Tourism
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Albania Sees Q3 GDP Growth Driven by Tourism

TIRANA, January 13 Albania’s Gross Domestic Product (GDP) increased annually by 3.08 percent during the third quarter of 2016, and experts say that it was a tourism-led growth. Meanwhile, the economic growth from January to September reached 3.27 percent, which was lower than 3.4 percent target foreseen by the government and internationals monetary bodies. “Transportation,...

Albania more Optimistic on Economic Growth
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Albania more Optimistic on Economic Growth

TIRANA, July 18 According to the Albanian government, the economic growth for 2016 will be 3.4 percent. This was declared on Monday by Minister of Finance Arben Ahmetaj, who highlighted that reforms undertaken so far are showing their results. According to Ahmetaj, the Albanian economy surpassed the crisis and entered a growing trend. The Minister...

Prime Minister Rama: Albania’s economic growth must exceed 3%
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Prime Minister Rama: Albania’s economic growth must exceed 3%

With the support of the government, Bank of Albania organized on Wednesday, September 16, a round discussion table with representatives from the banking system in Albania and other participants with the main theme “The economy and banks: Current and future challenges”. The discussion was initiated by Bank of Albania Governor Genti Sejko which declared that...

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The economic growth will not be more than 3%, says Bank of Albania

Bank of Albania has published a report for the economy’s performance during the first trimester of this year, which shows that the economic growth will be only 3% for 2015. The economy will reach the potential growth rhythm in the middle of the next year, but in lower rates than it used to increase before...