INTERVIEW: “The weekend’s protests were the Russian peoples’, not the opposition’s” – Maxim Reznik
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International Ice Hockey Federation (IIHF) has stripped Belarus of the right to hold the World Championship this year
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Russia goes ahead with eSIM technology
Russia's retailer X5 Group posts 13% sales growth in 4Q20
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VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
LONG READ: The oligarch problem
OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Czech MPs pass protectionist food law in violation of EU rules
M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
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OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
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BALKAN BLOG: Superstition and resentment surround vaccination plans
Albania needs reforms for e-commerce to thrive, says World Bank
BALKAN BLOG: US approach to switch from quick-fix dealmaking to experience and cooperation
Bosnia's exports in 2020 amounted to BAM10.5bn, trade deficit to BAM6.3bn
Retailers and restaurant owners threaten protests in Bulgaria if reopening is delayed
Bulgaria's Biodit first company to IPO on new BEAM market
Bulgaria’s government considers gradual easing of COVID-related restrictions
Spring lockdown caused spike in online transactions in Croatia
ING: Growth in the Balkans: from zero to hero again?
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Kosovo’s biggest opposition party risks being unable to run in general election
OUTLOOK 2021 Moldova
Storming parliaments: New Europe's greatest hits
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
Romania government to pursue “ambitious” timetable for justice reforms
Private finance mobilised by development banks up 9% to $175bn in 2019
OUTLOOK 2021 Romania
Slovenia’s economic sentiment indicator up 2.2 pp m/m in January
OUTLOOK 2021 Slovenia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
Slovenia’s government to release funds to news agency STA after EU pressure
D’S Damat franchise deals ‘show Turkey’s hard-pressed mall operators becoming their own tenants’
Turkey’s benchmark rate held as concerns over faltering recovery come to fore
Turkish lira breaches HSBC’s stop-loss, Turkey ETF signalling outflows
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
OUTLOOK 2021 Azerbaijan
OUTLOOK 2021 Georgia
Iran’s President Khamenei menaces private citizen Trump
Iran’s technology minister indicted for failing to properly implement internet censorship
No US move to rejoin Iran nuclear deal imminent, say Biden national security nominees
TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
Central Asia vaccination plans underwhelm, but governments look unruffled
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OUTLOOK 2021 Mongolia
Mongolia's PM quits amid protests over treatment of mother with coronavirus and newborn baby
Mongolia's winter dzud set to be one of most extreme on record says Red Cross
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OUTLOOK 2021 Tajikistan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
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Albania posted economic growth of a real 4.06% y/y in 2018, according to an estimate from the statistics institute Instat released on March 29.
Albania's economy expanded by an annual 3.84% in 2017. Currently, Albania is enjoying one of the fastest economic growth rates in the region. The government expects Albania to keep posting strong economic growth of 4.3% in 2019.
In the fourth quarter of 2018, the economic growth was 3.1% y/y, significantly down from a 4.48% y/y increase in the previous quarter, data showed.
Albania's economic growth in the fourth quarter was driven mainly by the electricity and water supply, which contributed 1.11 percentage points (pp), followed by the trade, transport, accommodation and food service sector (+0.58 pp) and construction (+0.29 pp), the data indicated.
The mining and quarrying sector sector posted the biggest annual growth of 9.94% in 4Q18, which was also the case in the previous three quarters.
One sector, art and entertainment, contracted y/y in the period under review, by 8.66%.
On a quarterly basis, Albania's GDP grew by 0.57% in 4Q18, after moving up 1.09% q/q in the previous quarter.
A breakdown of 4Q18 GDP figures showed that gross fixed capital formation went up by 1.87% y/y. Household final consumption, which accounts for an important part of the total economy, increased by 2.84% y/y, while general government consumption edged down by 0.05% y/y.
Exports of goods and services moved up by 1.09% y/y while imports increased 2.65% y/y.
Economic sectors GDP growth y/y change
Agriculture, forestry, fishing
Mining and quarrying, manufacturing, energy and water supply
Trade, transport, hotels
Information and communications
Financial activities and insurance
Real estate activities
Professional, scientific and technical activities
Public administration, education, health
Arts, entertainment, recreation
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