Central Bank – Cash and cash equivalents 2014

Open Data Albania has updated information on 2014 cash and cash equivalents. According to the Bank of Albania, current accounts and deposits with maturity of less than three months term, as well as gold and other precious metals held within the country and abroad are considered as cash equivalents. Source: Bank of AlbaniaComments and analyses: ODA In 2014, deposits in foreign banks amounted to ALL…

This analysis from Open Data Albania is focused on the dynamics of the foreign exchange reserves in Albania in the last 10 years. Reserves are funds in foreign currency, which are managed from the Central Bank of Albania, mainly to cover foreign exchange needs for the country and to support it in cases of crisis. The main purpose of the reserves is: (a) Support and…

Open Data Albania has updated data regarding the import of wheat and wheat-rye mixture (muslin) for 2014. The analysis is based on data provided from the International Trade Centre (ITC). In 2014, according to ITC, 269 398 tons of wheat and wheat-rye mix, with a value of 6628  billion were imported in 2014. The quantity imported in 2014 is about 6% higher than that of…

Open Data Albania is updating data on financial entities that are licensed by the Supervision Unit of Gambling in August 2015. This institution provides not only licenses, but it also supervises and controls the activities of entities dealing with gambling organization in the whole territory of the Republic of Albania. In August 2015, a total of twenty-two entities were licensed by the Supervisory Unit, namely…

Open Data Albania is updating data related to foreign exchange rate in 2014. The official exchange rate of foreign currencies to ALL is represented by a single value and is published by the Bank of Albania. In a country with a small and open economy just like ALL exchange rates plays a significant role in the price level and the balance of payments. A sustainable…

This analysis from Open Data Albania is focused on the dynamics of the foreign debt of the Albanian economy in the last eight years. The gross foreign debt represents the total foreign debt of an economy (both the public and private sector) against non-residents denominated in foreign currency. In the first quarter of 2015, the total foreign debt of Albania was 6,997.4 million EUR. During…

Open Data Albania is updating the number of Non-Profit and International Organizations operating in the Republic of Albania for 2014. According to Law no. 8788, dated 7.5.2001, a Non-Profit Organization (NPO) is a juridical association, foundation or center that doesn’t intend to extract profits and operates independently from the state and political influence of parties and mainly engages in activities that contribute to the public…

Open Data Albania is investigating the level of wheat output in the Republic of Albania for 1998-2014 period. The data used in the analysis were obtained from the Institute of Statistics. INSTAT drafted these statistics based on administrative information collected in the field by specialists of the Ministry of Agriculture, Rural Development and Water Management. According to the methodology used, wheat output is a synonym…

Open Data Albania is carrying out research concerning foreign nationals supplied with residence permits and that live and work in the Republic of Albania for 2011-2014 period. According to 2014 reports, 2054 foreign citizens have received permits from the National Employment Service i.e. 135 less than a year ago. In compliance with the national legislation, any foreigner provided with employment permit is liable to have…

Open Data Albania is updating its data on the number of marriages and divorces in compliance with the National Registry of Civil Status until 2014. In 2014, the number of marriages decreased by 0.2% compared with the previous year. While in a longer span (1990-2014) the number of marriages went down by 18%. So if in 1990, the number of marriages was twenty-eight thousand nine…

Open Data Albania is doing research on the structure of contributors to the social security scheme for the years 2008-2014. We performed our analysis based on 2014 statistical data published by Social Security Institute. Entities that make declarations concerning the social security scheme are public entities; business companies; the self-employed; self-employed in agriculture and voluntarily insured entities. State contributors and contributors receiving short-term benefits, including…

Open Data Albania has analyzed the dynamics of remittances in Albania for the period 2002-2014, and their country of origin in the last year. After Foreign Direct Investments (FDI), they are the second most important source of external financing in absolute and relative terms to GDP. Since 2002, remittances in Albania graphically (in million EUR): Source: Bank of Albania Statistical ReportComments and analysis: ODA Remittances…

Open Data Albania has studied the main interest rates in the Albanian Economy from 2009 until March 2015. The loan interest rate is an indicator of the average rate for loans given by banks for 1-year periods. The deposit rate is an indicator of the average deposit rate for 1-year deposits. The difference between the average loan rate and deposit rate is called the spread…

Albania issued its first Eurobond in international markets on November 4th of 2010. A Eurobond is a bond issued in international markets (not locally) with a maturity of 1 year or more. At the announcement the bond had a 7.625% yield. It matures in 09/11/2015, is issued in EUR, and the amount of issue was 300 million EUR. As the date of maturity of the…