This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of January 11, 2016 – February 11, 2016.
S&P upgrades Albania’s long-term rating to B+ on better fiscal performance
Veneto Banca seeks buyers for its subsidiaries in Romania, Moldova, Albania and Croatia
EC slightly cuts forecast for Albania’s GDP in 2016 to 3.2%
Canada’s oil co Petromanas Energy to sell Albanian assets to Shell for $45mn
Albania launches tender to privatise insurer Insig
First shipment of pipes for TAP gas project to arrive in Albania in spring
Albanian c-bank governor expects bad loan ratio to fall to 15% in 2016
Albanian police wear body cameras to fight corruption
EBRD adopts new strategy for Albania with investment priorities for 2016-19
Key points:
• Albania's CPI inflation slows to 1.5% y/y in January
• Albania’s trade gap widens 1.6% y/y in 2015
• Insurance market in Albania grows 21.2% y/y in 2015
• Albanian banks’ lending standards eased for businesses and households in Q4 2015
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