In broad terms, exchange rate risk [1] is major when a company or investment relies on a foreign currency that must be converted into the Albanian lek. Foreign exchange risk can be caused by the appreciation/devaluation of the Lek,...
Today's economy looks vastly different compared to last year and worries about inflation, exchange rate fluctuations, rising bank interest rates and the cost of personal and business loans and even a recession are weighing on in the minds of each...
The economic recovery is already losing momentum, partly due to Omicron-influenced external market outages and mostly due to the war in Ukraine. In this period of year, international rating agencies lowered our growth forecast up to 3.2 percent for 2022, and...
At this time, galloping inflation, the Bank of Albania (BoA) seems to have an effect on curbing it by raising the key interest rate. With the increase of 0.5 percentage points of the key interest rate, from the level of 0.5%...
The financial market in Albania, which is composed mostly by 16 banking institutions and 3 investment funds, is in fact dominated (80% of the market) by 5 large banks that have direct / indirect links with euro area banks, as...
