Who bears the burden of external debt? - BoA: The government leads with 4.75 billion euros. In second place, other sectors
Albania's external debt continues to remain divided between the four main sectors of the economy.
The sector that holds the largest share is the General Government, which holds almost half of the external debt, around 4.75 billion euros. During the last quarter, the state debt decreased significantly, as more liabilities were repaid than new financing was obtained. This indicates a clear strategy for slowing down borrowing and meeting existing liabilities, aiming to gradually reduce dependence on long-term debt.
After the government, the second largest group is Other Sectors, i.e. non-financial businesses, manufacturing companies, service companies and other economic structures. This group has reduced its external debt during the quarter, repaying loans and trade liabilities.
The movement is interpreted as a signal of stabilizing business balance sheets, less dependence on foreign financing and more caution towards borrowing costs. However, a slight increase in intercompany loans is observed, indicating that foreign investors continue to inject capital within their group of companies in Albania.
The banking system is the third largest sector by weight with 21.8%. Banks have somewhat increased their external liabilities, mainly through the increase in deposits and currency held by non-residents. This indicates a higher interest of foreign entities to hold funds in Albania, but also a more flexible dynamics of the banks' balance sheets. On the other hand, the decrease in short-term interbank borrowing suggests that the stability of liquidity in the domestic market remains sustainable.
Meanwhile, the Monetary Authority, i.e. the Bank of Albania, has a much smaller role in external debt, with liabilities related only to IMF SDRs and remaining unchanged. This makes this sector more stable and less affected by market fluctuations.
The share of employees with minimum wage increases/ The third quarter brings surprises in the labor market
The Albanian labor market has seen a clear shift in the wage structure over the past two years. Lower wages have been shrinking rapidly, the middle class has......
Cadastre, completely digital by the end of 2026 - 10 automated services and direct payment from e-Albania
The State Cadastral Agency is expected to transform into a fully digital institution by the end of next year. Director General Lorena Goxhobelli, at a......
Do Albanian entrepreneurs know how to track European funds? - Sefa: Very few businesses access and manage EU funding
The allocation of funds from the European Union aims to help Albanian businesses raise standards and adapt to the European market. But how prepared are these......
10-year gas plan - ERE postpones approval again, requests additional documents from ALBGAZ
The Energy Regulatory Authority has postponed the approval of the 10-year investment plan of the state-owned company ALBGAZ, due to the incomplete completion......
Albania, divided into 3 economic regions - Analysis/ Uneven development, the center dominates
The Albanian economy is being divided into three regions, which do not have equal rates of development. Referring to an analysis conducted by ALTAX, the......
Albanians' money moves towards government bonds - AFSA: Investment funds number 41 thousand members. Net assets increase by 11%
During this year, Albanians have invested more money in government securities through investment funds than in 2024. According to data from the Financial......
Energy, new distribution tariffs - ERE approves the decision, keeps them unchanged until April
The Energy Regulatory Authority has decided to leave the current electricity distribution service tariffs in force until April 2026, making no changes to the......
E-qeverisja, në rritje gjatë vitit 2025/ Qytetarët marrin më shumë informacion online dhe rrisin shkarkimet e formularëve
Përdorimi i e-qeverisjes në Shqipëri ka shënuar rritje të konsiderueshme gjatë vitit 2025, teksa qytetarët po orientohen gjithnjë e më shumë drejt zgjidhjeve......
