In November 1999, the Bank of Albania’s
Supervisory Council approved the paper of
medium term strategy for the institutional
development of the Bank of Albania. “Public
awareness” was ranked amongst the principle
strategic targets of this paper....
Published by Teuta Baleta, Adriana Meko, Neritan Kallfa on 15.10.2000
The idea of preparing such a working paper came with the change of the tax
system at the beginning of 1998. The used argument to justify this measure
was that our country had the lowest level of taxes in the region and that there
were still spaces to their extension, that foreign...
Commercial banks are financial institutions
which accept deposits from broad public and
provide credits to different sectors of economy.
The mobilization of savings from temporary
free financial asset units and their movement
towards credit requiring units through the
Findings of this survey are amongst the most interesting and provide useful signals for Bank of
Albania’s and second-tier banks’ policies, for business behavior as well as for other studies on
Published by Shkëlqim Cani, Prof.Dr.Marta Muço, Teuta Baleta on 10.08.2000
The land reform of 1991 was the most
progressive and decisive of the rural sector and
the entire economy, because it sanctioned land
ownership and had a very strong effect on
agriculture on the whole. The land reform of
1991 was an outgrowth of the “Law on Land”
approved by the A...
For the second year of the mid-term economic development programe, the final
objectives remained unchanged: full control over inflation, sustainable economic
growth and a general equilibrium in the foreign position of the country. Within this
general framework, the monetary polic...
During the ‘90’s, the structure of the Albanian banking system has changed in
favor of the increase of the number of banks in general and the increase of
private banks with foreign capital. Starting from three commercial banks with
state capital that were inherited from the past ...
The financial statements have been prepared in accordance with the Law “On
Accounting”. International Accounting Standards (“IAS”) have been used only
where they are appropriate and applicable to the activities of a national central
The payment system did not significantly improved during year 1999. In
general, the payment system in Albania continues to suffer the same
deficiencies observed over the previous years such as: a large amount of cash
in circulation, delays in money transfers, particularly within ...