1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Energy Market Trends
  5. > Albania Country Report - November, 2015

Albania Country Report - November, 2015

  • December 2015
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 64 pages

This report covers the key macroeconomic and financial releases as well as the political events

from Albania for the period of November 9 - December 10, 2015.

Albania needs to finalise judiciary reforms to open EU accession talks

Albania continues efforts to spur credit positive structural reforms - Moody's

Nato head praises Albania's role in Western Balkans stability

IMF reaches staff-level agreement with Albania, new disbursement under the EFF arrangement

possible in January

Albania targets budget deficit of 2.2% of GDP in 2016

Albanian parliament rejects proposal for international investigation into CEZ deal

Bankers Petroleum reaches deal to unfreeze its bank accounts in Albania

Albanian opposition clashes with police on Dec 8 at protest aimed to topple government

Key points:

o The CPI inflation stays flat at 2.1% y/y in Nov

o Albania's consolidated budget gap shrank by 43.1% y/y in Jan-Oct

o Trade gap increased by 0.6% y/y to EUR1.7bn in the first ten months of 2015

o Albania's commercial bank loan portfolio down 1.7% y/y at end-Oct

o Albania's current account gap widened by 10.1% y/y in Q3

o Albania's gross external debt up 8.2% y/y at end Q3

Table Of Contents

Albania Country Report - November, 2015
EXECUTIVE SUMMARY4

MACROECONOMIC OVERVIEW5

Albania continues efforts to spur credit positive structural reforms - Moody's5

Albania's c-bank expects economy to keep growth pace in H26

IMF reaches staff-level agreement with Albania, new disbursement possible in January6

REAL SECTOR7

1.Inflation7

Albania's CPI inflation slows to 2.1% y/y in Oct7

Albania's producer prices fall 3% y/y in Q39

Tirana house price index up 5.4% y/y in Q310

2.Industry and trade10

Services and production sectors in Albania grow 6.2% y/y in 201410

3.Labour market11

Albania's jobless rate ticks up 0.1pp y/y to 17.5% in Q3 - labour force survey11

FISCAL SECTOR11

Albania raises EUR61.6mn in six-month, one-year T-bills, yields down11

Albanian parliament approves 2016 state budget targeting 2.2% of GDP deficit12

Albania's 10-mo budget gap narrows by 43.1%, revenues down 3.4% below plan12

Albania raises EUR22.6mn in one-year T bills, yields down13

Albanian capital Tirana plans budget of around $100mn for 201613

Albanian municipalities to get 19% higher budget in 201614

Albania targets budget deficit of 2.2% of GDP in 201614

Albania raises EUR87mn in six-month, one-year T-bills, yields mixed15

FINANCIAL INTERMEDIATION16

EBRD provides EUR2mn loan to Intesa Sanpaolo Banka Albania to support female entrepreneurs16

Albania's M3 money supply rises 2.9% y/y at end-Oct16

Albania's avg interest rate on new lek loans rises by 0.29pp y/y to 7.95% in Oct17

Albania's avg interest rate on lek deposits down 0.33pp y/y to 1.36% in Oct17

Albania's commercial bank loan portfolio down 1.7% y/y at end-Oct18

Growth of Albania's commercial bank deposits stays at 1.4% y/y at end-Oct18

UNIQA 9-mo earnings before taxes in Albania falls 8% y/y19

Household, corporate loans fall in H1 201520

Albania's insurance market grows 16.9% y/y in Jan-Oct 201521

Vienna Insurance Group 9-mo pre-tax profit in Albania falls 17.7% y/y22

Albanian govt plans to finish process of arrears payments one year earlier, by end-201522

Albanian bank BKT's 9-mo net profit up 22% y/y23

Societe Generale Albania's 9-mo net profits jump to EUR5.3mn23

EBRD mulls providing up to EUR100mn for Albania Agribusiness Support Facility24

Albania's OSHEE to provide electronic meters for customers in 201624

RBI's 9-mo after-tax profit in Albania down 11.9% y/y25

Net assets of Albanian investment funds at end-Sept up 6.15% from end-201425

End-Sept assets of Albanian voluntary pension funds up 33% from end-201426

EXTERNAL SECTOR26

Albania's gross external debt rises 8.2% y/y at end Q326

Albania's Q3 current account gap widens 10.1% y/y27

Albania's 10-mo trade gap widens 0.6% y/y28

STRUCTURAL REFORMS AND CORPORATE NEWS29

Rohde and Schwarz wins contract for nationwide DVB-T2 network in Albania29

Germany provides EUR2mn grant for Albania's power sector30

Albanian tourist complex Tropikal put up for sale due to bad loan30

Albanian mobile operators to extend broadband services to rural areas31

Albania's competition authority says fuel trader Kastrati buys 75% of Auto Star Albania31

Albania opens EUR1mn veterinary laboratory to ensure food safety32

Credit Agricole Albania renamed American Bank of Investments32

Albania calls tender for Durres port quay reconstruction33

Bankers Petroleum reaches deal to unfreeze its bank accounts in Albania33

Albania's top foreign investor considers phasedown amid tax dispute34

China's Pacific Construction to build Albania-Montenegro motorway for $1.72bn35

Tirana puts Albpetrol privatisation on hold36

Albania's Albpetrol selects US law firm in arbitration case with Bankers Petroleum37

EBRD and Tirana sign MoU to make Albanian capital more environment-friendly38

Albania finalising talks with Chinese co for Arber motorway project38

Macedonia and Albania end dispute over food imports39

Albania and Montenegro sign MoU with China's Pacific Group on Blue Corridor motorway project39

Petromanas expects to get drilling rig for Shpirag-3 well in Albania by early 201640

Albania launches integrated model of providing public services as part of EU reforms41

ICC backs Bankers Petroleum over tax dispute in Albania41

Cancellation of maintenance tender for Durres-Kukes motorway still possible - local media42

Bylaws of Albania's new law on tourism to be ready by March 201643

Completion of work on Tirana-Elbasan motorway segment expected by summer 201643

Albania awards consultancy contract to Germany's Dorsch Intl for Durres sewer project44

Albanian town Elbasan to get new landfill in three-four months44

TransAtlantic Petroleum starts marketing process to sell oil and gas assets in Albania45

Albanian govt to remove small business tax45

Albania's OSHEE says revenues above planned, while power losses fall by 7.3pp through Oct46

Bankers Petroleum appoints vice president in Albania46

Tough measures against tax evaders enter into force in Albania on Nov 1247

Vodafone Albania subscribers up 8.1% q/q at end-Sept47

POLITICS48

Nato head praises Albania's role in Western Balkans stability48

Tirana police arrest several people over anti-government protest49

Albanian opposition clashes with police at anti-government protest50

Albanian parliament rejects proposal for international investigation into CEZ deal, opposition calls protest51

Biden calls on Western Balkans to improve cross-border cooperation52

Albanian parliament commission approves restitution bill53

Political parties in Albania reach deal on decriminalisation law54

Tirana police strengthen security measures in Albanian capital55

Albanian interior minister receives threatening message, police step up security55

Albanian government withdraws bill on defamation after criticism56

BALKAN BLOG: Albania winning its long war on drugs57

Albanian students protest against higher education reforms59

Albania needs to finalise judiciary reforms to open EU accession talks - EC60

Macedonia on hold as Balkans edges towards EU accession61

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Crude Oil Flow Improvers Market by Type, Application, Supply Mode - Global Forecast to 2021

Crude Oil Flow Improvers Market by Type, Application, Supply Mode - Global Forecast to 2021

  • $ 12000
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Rise in crude oil production worldwide drives the COFI market” The global market size of COFI is estimated to reach USD 1.73 billion by 2021 from 1.32 billion in 2016, at a CAGR of 5.5%. Excessive ...

Filter Bags Market - Global Industry, Size, Share, Growth, Trends and Forecast 2016 - 2024

Filter Bags Market - Global Industry, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 7000
  • Industry report
  • September 2016
  • by Transparency Market Research

The filter bags market report provides an in-depth analysis of the global filter bag market for the period 2014 – 2024, wherein 2015 is the base year and the years from 2016 to 2024 is the forecast period. ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.