Albania has concluded the issuance of a new 650 million ten-year Eurobond with a coupon of 3.5%, and a long-term interest rate of 3.75%, the Minister of Finance and Economy, Delina Ibrahimaj, said during a press conference on Wednesday (Nov. 24). According to the Minister, the issuance of the Eurobond is of great importance not only for providing the necessary liquidity to
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The budget deficit in Albania stood at 29.9 billion leks (243 million euro) in the first seven months of the year, according to data published by the finance ministry. During the same period a year ago, it stood at 49.3 billion leks. Consolidated budget revenue reached 281.4 billion leks in the January-July period, up 20% year-on-year, while expenditures increased by 10% to
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Albania’s economy expanded 5.5% year-on-year in the first quarter of 2021, following a downwardly revised 2.4% rise in the previous period, the country’s office of statistics INSTAT said. Both government expenditure (5.2% vs 4.5%) and gross fixes capital formation (21.1% vs 10.5%) accelerated while household consumption slowed (1.5% vs 1.9%). The sectors that mostly contributed to the country’s economic growth were industry,
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