AlbanianEconomy.comYour News from Albania
Albania to Emit €300 Million in Eurobonds
The Albanian Ministry of Finance has opened a tender for a bond management company in a bid to emit 300 million in euro denominated bonds.
IMF Delays Romania Funds Due to Political Instability
The International Monetary Fund, IMF, has delayed disbursing an aid tranche to Romania originally scheduled for next month and will resume talks on a standby loan agreement only when the country has a government.
EBRD: Albania’s Economy Slowing Down
Albanian economy experienced a good growth rate in the first half of this year, but in two remaining quarters growth will slow, projects the European Bank for Reconstruction and Development, EBRD.
EBRD Provides Loan to Leading Montenegrin Retailer
The European Bank for Reconstruction and Development, EBRD, is boosting competition in the Montenegrin retail sector by providing a €4.2 million loan to the country’s leading retailer Voli Trade.
EBRD revises down 2009 economic forecasts, sees fragile recovery in 2010
The economies of central and eastern Europe are expected to contract by an average of 6.3 percent in 2009 following steep output declines in the first half of the year
IMF to Help Serbia, if it Reforms
The governor of the National Bank of Serbia, Radovan Jelasic, says that the IMF is ready to help Serbia, but “only if there is serious reform”.
Central Bank urges Albanians to stay calm, Lek losses 3 per cent in two days
Albania Central Bank governor Ardian Fullani tried to calm Albanians cough by panic on Thursday, by the fast depreciation of Lek in the domestic market. “Markets should stay calm. What is happening has not economic bases. Lek will continue to be our currency for many-many years,” Fullani said in an unscheduled press conference.
Albanian Lek depreciation accelerates (Update)
Albanian currency Lek lost more then 3 per cent in two days causing panic in Tirana. Euro changed hands for as much as 138.6 lek in early morning on Thursday, 1.7 per cent higher then Wednesday.
Albania’s Currency Lek in Free Fall
Albanian currency lek experienced its worst day in more then five years on Thursday, due to strong demand for hard currency in the local market.
Albania’s Central Bank Warns Government On Deficit
The governor of Albania’s Central Bank, Ardian Fullani, warned on Wednesday that excessive government spending is threatening the country’s macroeconomic stability.
