Today: Apr 22, 2026

Hit by slump in oil prices, euro’s free fall, Albania’s exports receive first blow

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7 years ago
Durres Port, the country's largest
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By Ervin Lisaku TIRANA, Jan. 17 – Albania’s exports preserved their double-digit growth for the second year in a row, but the December performance hints the country’s poorly diversified exports will find it difficult to preserve their growth rates for 2019 due to energy-related exports having received a blow and Europe’s single currency continuing to trade at a 10-year low. Albania’s exports grew by 13.7 percent in 2018, but growth was mainly fuelled by favorable weather-related conditions leading to a hike in hydro-dependent electricity exports and a pickup in commodity prices fuelling higher oil, mineral and steel sales. However, Albania’s…

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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