"Albania, with a stable outlook" - Moody's Agency confirms the rating at "Ba3"
In its latest report, the prestigious international rating agency Moody's has confirmed Albania's rating at "Ba3" with a "stable" outlook, highlighting the sustainability of the country's credit profile, thanks to ongoing reforms within the framework of the EU integration process and economic and fiscal performance.
The Albanian economy has shown resilience during three major shocks in the period 2019-2023, such as the earthquake, the pandemic and the European energy crisis, ensuring a stable medium-term outlook. The agency, in this context, forecasts that GDP growth will remain strong at 3.8% in 2025 and 3.4% in 2026.
Moody's forecasts a further and gradual reduction in public debt over the medium term. The public debt-to-GDP ratio decreased to 57.5% in 2023 and is expected to decrease to 53.7% by 2026, supported by strong economic growth and a primary fiscal balance.
This improvement has been supported by fiscal reforms, such as the Medium-Term Revenue Strategy, and by better management of public investments. Moody's also emphasizes that through compliance with the fiscal rules set out in the Organic Budget Law, the aim is to maintain a balanced primary balance, as well as reduce the general government debt-to-GDP ratio annually until it reaches 45%.
The agency also predicts that reforms for the EU accession process will continue and that their implementation will be gradual. On the other hand, potential risks regarding government liquidity and the banking sector will remain under control.
Albania's credit profile will continue to benefit from EU financing and the gradual implementation of further reforms related to the accession process. Reforms, particularly in the areas of the rule of law, the fight against corruption and accountability, are likely to strengthen as negotiations towards EU accession progress.
This confirmation of the rating by Moody's is an important indicator of Albania's progress and a positive signal for international investors, reflecting the country's economic stability and effective management in the face of global challenges.
Poll
Expofestival unites music and the creative economy - Pipa: Focus, employment opportunities and increasing professional capacities
For the first time, a music and arts expo festival will be organized in Tirana from April 11 to 13. In a press conference, the Deputy Minister of Economy,......
Velipoja and Ulcinj with new energy connection? ERE: The project foresees the construction of a 110 kV line with a length of 27 km
The Parliament of Montenegro has recently ratified the agreement with Albania for the construction of a new bridge over the Buna River, which will shorten......
How developed is the industry in Albania? - RCC: The agri-food sector, with the highest employment growth
Despite the fact that industry is not very developed compared to other sectors, Albania is considered among the countries in the region with the highest......
European Child Guarantee/ Rama: We are increasing funding for 16 thousand children with special needs!
Prime Minister Edi Rama participated today in the regional conference on "Accelerating Childcare Reforms towards European Union Membership", which was......
EU prepares countermeasures against Trump - Tariffs on American agricultural, industrial and cigarette goods
The EU's reaction to US President Donald Trump's decision to impose so-called reciprocal tariffs on all of America's trading partners may be less aggressive......
National Agricultural Support Scheme 2025/ Kuçi: Applications open on April 14!
The Director of the Agency for Agricultural and Rural Development, Ardita Kuçi, announced today that the National Agricultural Support Scheme for 2025 will......
Agron Shehaj's proposal: Euro, national currency - According to him, citizens lose 100 million euros/year from the exchange rate
It has been proposed several times that the euro be Albania's national currency, as about 60% of trade is carried out with European Union countries. The......
Energy efficiency, buildings in Shkodra are being renovated - 42.8 million lek tender opens for multi-family buildings
The Energy Efficiency Agency has opened a tender for the high-energy efficiency renovation of multi-family buildings in the city of Shkodra. The estimated......
