Press Conference given by the Governor of the bank of Albania, Mr. Shkëlqim Cani.

Publication date: 17.11.2000


The data reported on various aspects of economy do confirm some improvements on the whole of Albanian economy in 2000. This has been also reflected in the review of the main macroeconomic indicators performed in October of the same year.
Based on the available data, there were noticed improvements in some sectors of economy. The marked recovery was in the public sector of industry. The volume of industrial production index at the end of September (on 1993 as basic year) ascended in 85.8 per cent from 68 and 58.3 per cent, respectively in the second and first quarter. This growth was mainly due to the share brought by the metallurgical metal processing and extracting industry. It seems that the reorganizing process is under the way of generating positive expected effects.

At nearly US$ 829 million, trade activity at the end of August was 4.1 per cent higher than in the previous year. At 7.7 per cent growth, imports represented the only cause for the increase of foreign trade transactions with the rest of the world while exports remained under their accomplishing level of the previous year, (7.9 per cent lower). If we refer to the statistical information for the first six-month period of the year, external sector developments seem to have been under control and reflect the performance of domestic economy.

Read the full text of the Governor's speech.