Albania Country Report - December, 2016

January 11, 2017

This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of December 13, 2016 – January 11, 2017.

World Bank says Albanian economy to expand by 3.5% in 2017, 2018
Albania amends TAP gas pipeline deal to increase financial benefits
EC pays out €13mn to Albania for public administration, employment, reforms
Albanian parliament adopts 2017 state budget, deficit at 2% of GDP
Two MPs among first victims of Albania's decriminalisation law
Albania’s Constitutional Court rejects opposition request to revoke vetting law
Albanian justice minister urges French peer not to extradite Haradinaj
IMF ready to discuss new deal with Albania following June election

Key points:
• Albania's inflation accelerates in December 2016, but stays below target
• Albania’s public debt reaches €7.84bn at end-September
• Tourism revenues jump 25% in Q3
• 11-mo trade gap widens 13.4% y/y
• Albania’s Q3 public sector average wage up 1% y/y
• Number of building permits issued in Albania jumps in Q3

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