Governor Sejko meets with H.E Pauli Mäkelä, Ambassador of Finland to Albania (resident in Athens)

Publication date: 21.07.2016


On 21 July 2016, Mr Gent Sejko, the Governor of the Bank of Albania, had an official meeting at the premises of the Bank of Albania with H.E. Pauli Mäkelä, Ambassador of Finland to Albania (resident in Athens)..

Governor Sejko presented an overview of financial developments in Albania, highlighting that the Albanian banking system is well capitalised, liquid and financially sound. Governor Sejko added that the Bank of Albania will continue to be committed to fulfilling its mission for price stability and financial stability in Albania.

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Governor Sejko reiterated Bank of Albania's commitment to support economic growth in Albania through an accommodative monetary policy stance.

Governor Sejko and Ambassador Mäkelä discussed, among others, on stirring the interest for enhanced economic cooperation and considering the possibilities for promoting foreign direct investments in Albania. In this context, Governor Sejko pointed out that the continuation of structural reforms is highly important. These reforms would contribute to further improving the business climate and accelerating economic development in Albania.

Ambassador Mäkelä commended the Bank of Albania for its work in safeguarding and guaranteeing the country's financial stability. The important contribution of the Bank of Albania, in view of Albania's EU integration process by approximating the regulatory framework and work practices with EU Directives, was also underlined in the meeting.

Both Governor Sejko and Ambassador Mäkelä concurred on the perspectives of further enhancing the economic cooperation between the two countries, mainly in aspects related to the financial system.