AlbanianEconomy.comYour News from Albania
Albania Slashes Interests Rate
Tirana, Jan. 28, 2008 (AE) – The Bank of Albania decided on Wednesday to slash its base interest rate by 0.5 per cent, after weeks of heavy pressure from banks and media. REPO interest rate is now 5.75 per cent.
Albania T-Bills Score Record Hike
Tirana, Jan. 14, 2008 (AE) – A lack of liquidity on the financial system in Albania caused hike in treasury bills yield this week and growing pressure on Bank of Albania to lower base interest in the country.
Albania Inflation Slumps in December
Tirana, Jan. 8, 2008 (AE) –Albania’s consumer price index, CPI, stood at 2.2 per cent in December 2008, one of the lowest yearly inflation in years,the National Statistical Institute INSTAT said on Thursday in a press release.
Albania Interest Rate Unchanged
Tirana–The Bank of Albania kept its base rate unchanged at 6.25 per cent on Wednesday saying that inflation is under control and macroeconomic stability indicators are “within its main targets”.
Albania T-Bills Rate in Multi-Year High
Tirana, – Albania treasury bills interest rates reached a multi year high on Tuesday as a result of higher demand for cash from the government and scarce offer from banks, data issued by Bank of Albania shows.
Albania C’Bank Seeks Commercial Banks Capital Growth
Tirana-Albania’s central bank, has asked local second tier financial institutions to increase their capital through their 2009 earning in order to be better prepared for the global financial crises, Balkanweb.com reports.
Albania C’Bank Warns Of Tough ‘09
The governor of the Bank of Albania, Ardian Fullani, warned on Friday that 2009 will be a difficult year for Albania’s economy, due to the recession that has hit global markets.
Albania Sees Increase in Foreign Investments
Tirana, Dec. 19, 2008 (AENews) – Net foreign investments in Albania reached EUR 380, during the nine months ending Sept. 30, Bank of Albania data shows. Net foreign investments increased by 2.6 per cent compared to the same period 2007.
Albania’s Borrowing Cost Increases
Tirana, Dec. 12, 2008 (AENews) – The cost of borrowing in the Albanian intra-bank market reached a multi year high last week as a result of worsening liquidity conditions, statistics of Bank of Albania show.
Albania Affected “Slightly” By Global Crises
Tirana, Nov. 20, 2008 (AENews) – The global financial Crises will have little effect on Albania, said the Minister of Economy Genc Ruli on Thursday, adding that his government was planning large investments in the energy field.
