Albania Country Report - July , 2013

August 21, 2013

More than a month after the June 23 general elections won by the Socialist-led coalition, Prime Minister designate Edi Rama is still shaping his cabinet. Rama started meetings with nominated ministers and said he will form the government in September. The new parliament will convene on September 9. The left-wing coalition comprising the Socialist Party (SP) and the Socialist Movement for Integration (SMI) won 84 mandates in the 140-seat parliament against 56 mandates for the coalition led by former ruling Democratic Party (DP).

On the macroeconomic front, the statistics office said consumer prices in the country grew by 1.6% year on year in July easing from a 2.3% annual hike in June with the overall trend again determined by food prices. The unemployment rate stayed at 12.8% for the second straight quarter in Q1 with the number of unemployed Albanians totalling 142,000.

Albania’s general government debt increased by 1.4% quarter on quarter to ALL 871.9bn (EUR 6.21bn) at end-June 2013 and accounted for 60.9% of the projected full-year GDP, up by 0.8pps quarter on quarter. The general budget deficit expanded by 114% year on year in the first five months of 2013 and accounted for 2.7% of the projected full-year GDP, up from 1.3% a year earlier.

To view this extensive report in full including details such as —

  • Macroeconomic Analysis
  • Politics Analysis
  • Industrial sectors and trade
  • FX, Financials and Capital Markets
  • And more!

For a one-off purchase click here

For an annual subscription click here

For a free sample click here

Related Reports

Russia country report - July , 2024

Russia’s economy grew by 0.8% in the second quarter quarter-on-quarter, with overheating persisting so far, according to the Central Bank’s bulletin "What Trends Say". "Due to active growth ... more

Russia country report - July , 2024

Russia’s economy continues to put in robust growth. Industrial production and GDP figures are surpassing analysts' expectations, according to recent reports and statements from government officials ... more

Ukraine country report - June, 2024

Ukraine's economy is reeling under heavy assault by Russian forces, with real GDP growth slowing in April due to sustained attacks on the energy system. Ukrainian Commander-in-Chief Oleksandr Syrskyi ... more

Follow Us On

Most Read

  1. Europe's gas crisis is back with a vengeance
    1 day ago
  2. Missing money, delayed arms deliveries and demands for mining deals, Ukraine's relations with Trump are off to a rocky start
    1 day ago
  3. Iran demands France pay for dead illegal migrants as tensions grow between Tehran and Paris
    1 day ago
  4. COMMENT: Trump should do a deal with OPEC and tighten sanctions further to collapse the Russian economy
    2 days ago
  5. Can Eritrea’s mining sector flourish under autocratic rule?
    1 day ago
  1. Europe's gas crisis is back with a vengeance
    1 day ago
  2. Missing money, delayed arms deliveries and demands for mining deals, Ukraine's relations with Trump are off to a rocky start
    1 day ago
  3. Iran demands France pay for dead illegal migrants as tensions grow between Tehran and Paris
    1 day ago
  4. Nicaragua unveils new canal route in bid to rival Panama
    2 months ago
  5. Global access to energy starts to fall for the first time in a decade, says IEA
    7 months ago

Reports

Dismiss