Today: May 26, 2026
Subscribe
Login
·

INSTAT: Economy grew by 3.26% in first three quarters of 2016

by
1 min read
9 years ago
Change font size:

TIRANA, Jan. 12 – The Albanian economy is estimated to have grown by an average of 3.26 percent in the first three quarters of last year and is on track to achieving the government 2016 target of 3.4 percent, state statistical institute, INSTAT, unveiled this week. Fuelled by the peak tourism season, the economy grew by 3.1 percent in the third quarter of the year with “trade, hotels, restaurants and transport” and the long-ailing construction sector being the key drivers of growth. Financial and insurance services and agriculture also had a positive impact. Industry, energy and water negatively contributed by…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Story Highlights

  • Fuelled by the peak tourism season, the economy grew by 3.1 percent in the third quarter of the year with "trade, hotels, restaurants and transport" and the long-ailing construction sector being the key drivers of growth. Financial and insurance services and agriculture also had a positive impact. Industry, energy and water negatively contributed by 0.3 percentage points apparently affected by the slump in commodity prices affecting oil and mineral production and exports.

Latest from Business & Economy

The Chief Executive Officer of OTP Bank Albania, Mr. Bledar Shella, described this investment as a reflection of the bank’s vision to build long-term and sustainable relationships with its clients.

OTP Bank Albania inaugurates new Private Banking premises in Tirana

Change font size: - + Reset Tirana Times, May 18, 2026 – OTP Bank Albania has inaugurated new premises dedicated to the Private Banking segment, unveiling an exclusive space designed for clients
1 week ago
2 mins read
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.

Building a Trusted Health Tourism Ecosystem: Albania’s Next Competitive Advantage

·
Change font size: - + Reset by Professor Alaa Garad Tirana Times, March 17, 2026 – There are countries you visit, and there are countries you remember. Albania is rapidly becoming the
2 months ago
7 mins read
Subscribe
Login