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…
Interest Rates in the Albanian Economy 2009-2015
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’s Eurobond and Refinancing Opportunities in the Future
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…