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Albania Country Report - June, 2016

  • July 2016
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 37 pages

Summary

Table of Contents

This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of June 13, 2016 - July 11, 2016.

IMF warns Albania re-emergence of government arrears poses key challenge

Albania and Kosovo inaugurate 400kW power transmission line

Shell starts exploration of Shpiragu-3 well in Albania

Albania likely not to be directly affected by Brexit

BALKAN BLOG: Albania faces EU accession deadlock over stalled judicial reforms

Albania's opposition Democratic Party accuses PM Rama of illegally funding Obama campaign

EBRD provides EUR218mn loan to support restructuring of Albanian power producer KESH

UK court turns down Albanian request for Leyton Orient owner's extradition

Albanian central bank keeps key rate at 1.25%





Key points:

o Albania's inflation speeds up to 1.2% y/y in June

o Albania's trade deficit widens further through May

o Albania's jobless rate falls to 16.6% in Q1 - labour force survey

o Albania's registered jobless rate down 1.3pp y/y to 12% in Q1

o Albania turns to budget surplus in January-May

o Albania's loan portfolio drops further in May

o Albania's commercial bank deposits edge down at end-May

o Albania's foreign visitors up 15.3% y/y in Q1


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