lek

Foreign exchange risk for Albanian exports and the urgent need for financial protection mechanisms

The current situation of Albanian exporters is not simply a financial or technical issue, but a structural problem of the economic model itself. In a context where the euro has significantly depreciated against the lek, the Albanian exporter finds itself...

Wage indexation to increase confidence in the system and for a new challenging model

The relationship between wage setting and inflation has been closely monitored in recent years by the Bank of Albania and the former Ministry of Finance and Economy, as it was key to their success in achieving macroeconomic stabilization in an...

What further lowered the exchange rate level at the start of the 2024 tourist season?

Euro in its exchange with the Lek at the beginning of May 2024[1] has depreciated on average by 3.7% since the end of 2023. If we look at the exchange rate of the Euro with the Lek, at...

Imports and exports of 2023, the effect on the economy and the indicators that have influenced the overvaluation of the Lek

In our economy, imports of goods in 2023 are 1.98 times higher than exports [1]. This ratio has increased by 3% compared to 2022. Albanian consumers are used to seeing products from every corner of the world in their...

The Albanian budget for 11 months 2023 is like a double-edged sword

The state budget for the 11th month of 2023 results in a surplus[1] and this reality shows at first glance that the government's finances are being managed effectively. This budget surplus comes from the realized income at the...

Why does a strong economy cause a strong currency and why does our economy not?

International theory and practice show us that: In the short term If an economy experiences high rates of economic growth, then the economy is likely to see interest rates rise as the Central Bank responds to higher growth and potential inflationary pressures...

The balance of payments shows us that the economy performs poorly and why tourism shows signs of growth

In the latest publication of the Bank of Albania, on September 11, we can see a clearer picture of the balance of payments made for the first 6 months of 2023. These payments summarize the transactions of the government, businesses,...

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