Bank of Albania
Albania launches €250 million agricultural financing scheme to boost rural investments and exports
The Albanian government has introduced a €250 million financing scheme to support rural development and agriculture. The plan, backed by the state as guarantor, will provide funding for investments in...
Albania keeps interest rate unchanged as inflation declines
The Bank of Albania has maintained the base interest rate at 2.75%, citing ongoing economic growth, higher employment, and declining inflation. In a press conference, Governor Gent Sejko emphasized that...
Bank of Albania and European Investment Bank join forces for sustainable development
The Bank of Albania (BoA) has announced a new partnership with the European Investment Bank (EIB) to foster sustainable development and green finance initiatives in Albania. The collaboration was unveiled...
A regional instant payment system is set to be established in the Western Balkans
The Bank of Albania, alongside the Bank of Italy and central banks from Kosovo, Montenegro, and Bosnia and Herzegovina, has signed an agreement to establish a regional instant payment system...
Albanian Democrats pledge to establish exchange rate board for Euro stabilization
The Democratic Party has promised to create a board to stabilize the euro-to-lek exchange rate immediately after coming to power. According to party leader Sali Berisha, this measure aims to...
Foreign Direct Investment in Albania reaches €1.1 billion in first nine months of 2024
According to the Bank of Albania, Foreign direct investment (FDI) in the country totaled €1.1 billion in the first nine months of 2024, marking an increase of €56 million compared...
Bank of Albania urges pension reform amid demographic shifts
As the Albanian government debates a new pension scheme reform, the Bank of Albania has issued a warning regarding the current system. In its opinion on the 2025 budget, the...
Bank of Albania Governor, IMF mission discuss economic and financial developments
The Governor of the Bank of Albania, Gent Sejko, met with the IMF Mission, led by Anke Weber, to discuss Albania’s economic progress and financial stability. This meeting was part...
Bank of Albania lowers interest rates by 0.5% to 2.75%
On November 6th, 2024, the Bank of Albania announced a reduction in the country’s base interest rate in LEK, lowering it by 0.5 percentage points to 2.75%. This decision, made...
Central Bank Governor: Albanian economy grows by 4% in first half of the year
The Governor of the Bank of Albania, Gent Sejko, announced that the country’s economy grew by 4% in the first half of the year. He also noted a 2% decline...