External Sector Developments of the Albanian Economy for the second quarter of 2009

The overall balance of payments for the second quarter of 2009 ended with a growth of foreign assets at EUR 142 million. The second quarter of year yielded with a current account deficit of EUR 360 million. The deficit reduced by about EUR 3 million from EUR 363 million, relative to the second quarter of 2008. Merchandise trade deficit amounted to EUR 567 million relative to EUR 561 million resulting in the second quarter of previous year. Capital inflows accounted for EUR 434 million, by exceeding and totally financing the current deficit.