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Albania Country Report - July , 2016

  • August 2016
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 48 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 July 11, 2016 - August 13, 2016.

Albania's central bank to rebuild Tirana landmark Hotel Dajti after controversial acquisition

CONFERENCE CALL: EU leaders reassure Western Balkans on integration after Brexit vote

Albanian parliament adopts judicial reform package after last minute delay

Bankers Petroleum expects to close transaction with Geo Jade by end-September

Albanian government abandons plans to have Becchetti extradited from UK

Albania's National Lottery sold for EUR1 due to huge losses

S&P affirms 'B+/B' rating on Albania

Audit reveals Albanian banks illegally profited from damaged banknote scheme







Key points:

o Albania's inflation accelerates to 1.9% y/y in July

o Albania's economic growth gains speeds in Q1

o State budget surplus holds in H1

o Economic outlook index improves q/q in Q2

o Albania's trade gap widens 25.4% y/y in H1

o Commercial bank deposits turn to growth at end-June


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