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Albania Country Report - November, 2016

  • December 2016
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 31 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 November 12, 2016 - December 13, 2016.



Albanian bribery rate among highest in SEE

Albania warship joins Nato operation in Aegean Sea

Albanian president sets June 18 as election date

Novomatic completes acquisition of Albanian National Lottery

EU welcomes Venice Commission opinion on Albania's vetting law

Moody's says Albanian's high government debt remains key challenge







Key points:

o Albania's inflation speeds up in November

o Albanian households spend half of their budget on food, survey shows

o 10-mo trade gap widens 16.3% y/y

o Passenger traffic at Tirana airport up 8% in 2016

o Lending in Albania rises 0.5% y/y in October

o Albania's NPL ratio up to 21.35% at end-October

o Growth of Albania's gross external debt slows to 6.5% y/y at end Q3

o Albania's 9-mo FDI down 3% y/y




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