PRESS RELEASE
Bank of Albania signs Memorandum of Cooperation with the Central Bank of the Republic of Turkey

Today, on 6 November 2017, the Governor of the Bank of Albania Mr Gent Sejko received in an official visit at the Bank of Albania the Governor of the Central Bank of the Republic of Turkey Mr Murat Çetinkaya.

During the one-day visit, a signing ceremony took place at the Bank of Albania for a Memorandum of Cooperation, aimed at enhancing the cooperation between the two central banks. The event was also attended by the Ambassador of the Republic of Turkey in Albania, H.E. Hidayet Bayraktar, as well as senior representatives from the Central Bank of the Republic of Albania and the Bank of Albania.

The ceremony started with opening addresses by the Governor of the Bank of Albania, Mr Gent Sejko and the Governor of the Central Bank of the Republic of Turkey, Mr Murat Çetinkaya, and was followed by the signing of the Memorandum of Cooperation.

In his address, Governor Sejko said that the two countries have many elements in common that serve as a foundation to build and consolidate bridges of cooperation and that this Memorandum is an expression of our common will and desire for continuing and intensifying the mutual cooperation that has been already in place for years.

Governor Sejko underlined that economic and financial cooperation between the two countries is very important for Albania, taking into account that our neighbour country represents a major partner for our economy.

He also pointed out that for a fruitful cooperation, we need to intensify the exchange of information, opinions and expertise in various fields of central banking such as: supervision, financial stability, research, and financial stability.

'The Bank of Albania is an active supporter of financial and economic integration, considering it as one of the most important pillars for unleashing the potential of the economy'- Governor Sejko said.

Concluding, on behalf of the Bank of Albania, Governor Sejko thanked the Central Bank of the Republic of Turkey for the very fruitful insofar cooperation, and in particular Governor Çetinkaya for his forthright support, and for his presence in this ceremony.

The Governor of the Central Bank of the Republic of Turkey Mr Murat Çetinkaya emphasised that Turkey and Albania have very close relations, based on mutual friendship and trust; especially recently, the bilateral relations have risen to a higher level and the solidarity between them in the international arena has enhanced.

'In this framework, as central banks of two friendly countries, we have established very close cooperation relations. Yet, today, with this memorandum, we elevate these relations to a new dimension, starting with a more vigorous process of experience sharing and concrete training programmes.' - Governor Çetinkaya said.

In the framework of this visit, both Governor Sejko and Governor Murat Çetinkaya were received in a courtesy visit by H.E. Edi Rama, the Prime Minister of Albania.

Full text of the Speech by Governor Sejko

Photogallery

Memorandum