Today: Sep 03, 2026

Albania’s current account gap narrows, but almost €300 mln in profits transferred abroad

11 mins read
8 years ago
Change font size:

TIRANA, Dec. 17 – Albania’s current account gap narrowed in the first three quarters of this year on the back of higher exports and energy-related investment as well as a boost in income from the emerging travel and tourism sector, but more profits generated in the country was transferred abroad rather than being reinvested at home. Data published by Albania’s central bank in its quarterly balance of payments shows all FDI, travel income and migrant remittances grew in the first three quarters of this year, when the current account, a key indicator of a country’s economic health, measuring the flow…

Yearly subscription Membership Required

You must be a Yearly subscription member to access this content.

Join Now

Already a member? Log in here

Latest from Business & Economy

Prime Minister Rama, Former Deputy PM Ministedr Balluku and Mr. Bexhet Pacolli
Prime Minister Rama, Former Deputy PM Ministedr Balluku and Mr. Bexhet Pacolli

Vlora Airport Heads to Arbitration

Change font size: - + Reset Albania faces another potentially costly international dispute after losing several arbitration cases in recent years that have exposed the state to hundreds of millions of euros
3 weeks ago
4 mins read