The value of assets held by the Albanian commercial banks increased 11.1% y/y to ALL 1,236bn (EUR 8.83bn) at end-August 2012, according to central bank data. The annual growth rate slowed down from 11.7% in July 2012 and from 12.9% y/y recorded in August 2011. According to IntelliNews calculations, the end-July assets equalled 90.9% of the projected full-year GDP, up 5.3pps on the year. Government securities comprised 27.6% of the total assets. In monthly terms, the value of bank assets increased by 1.8% in August, speeding up from 0.6% m/m rise in July. |
Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more
The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more
The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more