Albania Country Report - September, 2016

October 11, 2016

This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of September 13, 2016 – October 11, 2016.
OMNIX abandons $450mn tourist project in Albania after attack on executive
Albania became a new customer of Iranian petrochemical products
Albanian parliament adopts controversial law on waste imports despite protests
China’s Geo Jade wraps up deal to buy Albania-focused Bankers Petroleum
China Everbright Limited completes acquisition of Tirana International Airport
Albanian GDP growth expected to improve in 2016, World Bank says
Albania raises 13 spots to 80th in world economic competitiveness ranking


Key points:
• Albania’s GDP growth accelerates in Q2
• Inflation slows slightly to 1.8% y/y in September
• Albania posts budget surplus of €100mn through August
• Albania’s FDI down 11.6% y/y in H1
• Albania's Q2 current account gap more than doubled to €354m
• 8-mo trade gap deepens 19.7% y/y


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