BoA intervenes, but the depreciation of the euro does not stop - It bought 161 million euros in the first half of the year, 45% of this amount in just 2 months
The Bank of Albania purchased 161.6 million euros in the domestic market during the first half of the year, with the aim of increasing foreign exchange reserves and stabilizing the exchange rate.
During the second quarter, the Bank held 7 auctions where 88.90 million euros were purchased from 33.20 million euros purchased in the first quarter. Since May 9, a purchase of 72.70 million euros has been made, different from the usual auctions.
But have these interventions resulted in softening the exchange rate?
Despite the interventions of the Bank of Albania, the exchange rate has continued to decline. The depreciation of the euro has not stopped for a moment, falling to 97 lekë at the beginning of June.
As announced in December 2024, the Central Bank has conducted two auctions with the FORWARD option with a 1-month term, i.e. through a preliminary agreement to purchase euros at a future date and with an exchange rate determined at the moment of reaching this agreement, while it has continued with the conduct of two other auctions with a 3-month term.
By the end of this year, the Bank of Albania aims to purchase 270-350 million euros from commercial banks, about 20 million euros more than in 2024. As a result of tourist income, euro flows are higher in the second and third quarters. For this reason, the largest number of auctions take place in this period.
The Central Bank maintains a foreign exchange reserve to meet the government's needs for foreign exchange to repay external debt, to support international trade, by meeting the demand for foreign exchange originating from importers, and to enable the Bank of Albania to intervene in the market, with the aim of preventing and mitigating strong exchange rate movements.
The more schooling, the less entrepreneurship/ Half of young people with higher education are employed, but only a few dare to become self-employed
The latest data on the Albanian labor market in 2024 sheds light on an interesting phenomenon that is closely related to the educational level of young......
Albania less "aged" than the European average/ Elderly dependency ratio reached 33.3% in 2025
The old-age dependency ratio, defined as the percentage of elderly individuals (aged 65 and over) relative to the working-age population (people aged 20 to......
Albanian watermelon, the most sought-after product in the world! - In just 8 months, 54.6 thousand tons were exported to foreign markets
The amount of products produced on Albanian soil that have gone to world markets has reached 361,994 tons by August 2025. Compared to the January-August......
The university is losing ground, young people are moving towards trades - Hasalla: The mindset has changed, vocational education is taking priority
Between January and August of this year, 7,589 individuals received vocational training. These figures show an increase of 49% compared to the same period......
“High-level security for critical infrastructures” - More requirements in agreements with third parties. Contingency plans for cyber attacks
Critical and important information infrastructures will implement several new measures to improve their cybersecurity. These include the systems of OSHEE,......
Around 1.2 billion lek of loans were restructured by banks - BoA: Less than last year. Businesses were the ones that requested maturity extensions
Banks restructured fewer loans in the first half of the year. According to data from the Bank of Albania's Financial Stability Report, the amount of......
Europe "fills" Russia's coffers - Over 8 billion euros in tax revenue from European gas imports
European imports of Russian liquefied natural gas brought Moscow 8.1 billion euros in tax revenue between 2022 and 2024, according to research published by......
EBRD, 29 million euros for the energy network in Kosovo - The project aims at digitalization and increasing capacity by 300 MW
The European Bank for Reconstruction and Development (EBRD) is considering providing a corporate loan of up to EUR 29 million to the Kosovo Transmission......
