European Commission: Albania’s economic performance is positive

European Commission: Albania’s economic performance is positive
Albania has registered a positive economic performance and this includes foreign investments, reduction of unemployment and the reduction of the level of NPLs.This is stressed in the latest report of the European Commission on the economic development of candidate and potential candidate countries for the first quarter of 2018.

Meanwhile, the report states that budget revenues had a negative performance.

According to the report, in the first quarter of 2018, budget revenues increased by 2%, while this increase in the same period last year was 6.4%,

Meanwhile, as far as public debt is concerned, the report states that in the first quarter of 2018, it decreased by 0.2%. The level of debt was 69% of GDP at the end of March as opposed to 70.1% at the end of 2017.

“The strengthening of the domestic currency, lek, against the euro accelerated in the month of April and May. From the end of April until June 5th, the value of lek against the euro increased by 3.7%. This obliged the Bank of Albania to intervene on June 6th in the forex market”, the European Commission’s report states. /ibna/