Albania’s foreign debt edges up 0.5% q/q in Q4 2013.

By bne IntelliNews April 2, 2014

Albania’s gross external debt widened by 0.5% q/q to EUR 5.692bn as of end-2013, central bank data showed. In our calculations, the debt accounted for 58.3% of the full-year GDP projection, down from 58.7% a year earlier.

The quarterly increase in the foreign debt was largely due to a 3.8% q/q rise to EUR 1.08bn of the liabilities of the corporate sector. However, its share in the overall foreign debt dropped by 0.8pps q/q to 19%% at end-2013. In addition, direct investment advanced by 1.8% y/y to EUR 1.12bn.

The foreign debt of the banking sectors increased only marginally, by 0.2% q/q to EUR 1.11bn. Within this sector, the liabilities in deposits picked up by 3.6% q/q to EUR 1.01bn, which was partly offset by a 26.7% q/q decline in loans to EUR 74mn as end-2013.

The foreign debt of the general government sector decreased by 1.2% q/q to EUR 2.3bn as the outstanding amount of long-term loans decreased by 1.3% q/q to EUR 2.07bn.

In annual comparison, Albania’s gross external debt grew 3.2% at end-2013, reflecting a strong 10.1% y/y expansion in direct investment and a 3.5% y/y increase in the debt of the general government sector.

Related Articles

Shell to invest $42.5mn in oil, gas exploration in Albania

International oil major Shell plans to invest $42.5mn in oil and gas exploration in southern Albania over the next seven years, Albania’s National Agency of Natural Resources ... more

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more

Albania’s central bank to issue new high-denomination banknote

The Albania’s central bank has announced it will issue a new ALL10,000 (€74.9) banknote. The new ALL10,000 banknote will have the highest value issued so far, as the current biggest value ... more