Albania Country Report - March, 2016

April 11, 2016

This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of March 10, 2016 – April 11, 2016.
INTERVIEW: Albanian president says politics needs to change to enable reforms
China’s Geo-Jade Petroleum buys Albania-focused Bankers Petroleum
Tirana court to rule on bankruptcy of top Balkan steel producer Kurum
EBRD to provide €218mn loan to Albanian power producer KESH
Albanian govt okays sale of state-owned insurer Insig to local peer Eurosig
Petromanas closes sale of Albanian assets to Shell
Albanian c-bank cuts key rate to record low of 1.5%
World Bank cuts Albania’s GDP growth projections to 3.2% in 2016
IMF reaches staff-level agreement for completion of seventh review of Albania’s EFF arrangement
Albanian police extends presence along Greek border for possible influx of migrants



Key points:
• Albania’s CPI inflation edges up to 0.3% y/y in March
• Jan-Feb state budget revenues 1% above plan
• Albania’s insurance market down 4.7% y/y in Jan-Feb
• Albania’s net power generation up 24.1% y/y in 2015
• Commercial bank loan portfolio down 2.2% y/y at end-February
• Growth of Albania’s gross external debt accelerates to 10.1% y/y at end Q4
• Albania’s 2-month trade gap widens 11.8% y/y


To Purchase This Report - Click Here

Related Reports

Georgia Country Report Dec17 - December, 2017

Georgia, the small South Caucasus country of 3.9mn, grew by 4.9% y/y in the first half of 2017 and 4.7% in the first three quarters . The Georgian economy decelerated from 2.9% in 2015 to 2.7% in ... more

Belarus Country Report Dec17 - December, 2017

The European Bank for Reconstruction and Development (EBRD) has revised upward the forecast for Belarus' GDP growth to 1.5% in 2017 from its previous estimate of a 0.5% contraction in its May ... more

Ukraine Country Report Dec17 - December, 2017

Ukraine's real GDP grew 2.1% year-on-year in July-September, the Ukrstat state statistics agency reports which while encouraging is still well under potential. The population are still mired in ... more

Dismiss