{"id":6520,"date":"2012-04-05T17:49:15","date_gmt":"2012-04-05T17:49:15","guid":{"rendered":""},"modified":"2012-04-05T17:49:15","modified_gmt":"2012-04-05T17:49:15","slug":"efekti-i-eurobond-it-mbi-koston-e-borxhit-publik","status":"publish","type":"post","link":"https:\/\/ndiqparate.al\/?p=6520","title":{"rendered":"Efekti i Eurobond-it mbi koston e Borxhit Publik"},"content":{"rendered":"\n<div style=\"text-align: justify;\">Eurobondi i par\u00eb shqiptar u emetua me q\u00ebllim reduktimin e kostos s\u00eb borxhit publik. Kjo \u00ebsht\u00eb pasqyruar edhe n\u00eb Strategjin\u00eb e Menaxhimit t\u00eb Borxhit Publik 2011, i cili \u00ebsht\u00eb nj\u00eb dokument q\u00eb p\u00ebrdit\u00ebsohet \u00e7do vit nga Drejtoria e P\u00ebrgjithshme e Menaxhimit t\u00eb Borxhit Publik.<br \/>&nbsp;<br \/>Emetimi i Eurobond-it sipas Ministris\u00eb s\u00eb Finanave u p\u00ebrdor p\u00ebr: (i) t\u00eb ripaguar Kredin\u00eb Sindikale t\u00eb vitit 2009, e cila \u00ebsht\u00eb konsideruar e shtrenjt\u00eb dhe (ii) t\u00eb financuar investimet publike. <\/p>\n<p>Kredia Sindikale u mor nga qeveria shqiptare gjat\u00eb vitit 2009, i cili ishte nj\u00eb vit shume i veshtir\u00eb p\u00ebr tregjet nd\u00ebrkomb\u00ebtare t\u00eb kapitalit si pasoj\u00eb e kriz\u00ebs financiare. Kjo kriz\u00eb shkaktoi munges\u00eb likuiditeti dhe kufizime kreditimi duke e v\u00ebshtiresuar huamarrjen e qeveris\u00eb, si n\u00eb tregun e brendsh\u00ebm dhe n\u00eb at\u00eb t\u00eb jasht\u00ebm. P\u00ebr k\u00ebt\u00eb arsye Ministria e Financave arriti nj\u00eb marr\u00ebveshje me nj\u00eb grup bankash nd\u00ebrkomb\u00ebtare p\u00ebr nj\u00eb kredi sindikale n\u00eb shum\u00ebn rreth 196.4 milion\u00eb Euro. Duke q\u00ebn\u00eb se kjo kredi u negociua n\u00eb nj\u00eb situat\u00eb t\u00eb tille krize, ajo rezultoi mjaft e shtrenjt\u00eb p\u00ebr qeverin\u00eb shqiptare. <\/p>\n<p>K\u00ebshtu, norma e interesit bazohej n\u00eb indeksin Euribor (i cili merret si indeks referenc\u00eb p\u00ebr kredit\u00eb n\u00eb euro), t\u00eb cilit i shtohej nj\u00eb marzh prej 9.65%. Aktualisht ky indeks kuotohet n\u00eb nivelin 1.42 %, q\u00eb do t\u00eb thot\u00eb q\u00eb norma e interesit p\u00ebr kredin\u00eb sindikale sot do t\u00eb ishte n\u00eb shifrat 11.07 %\/ vit (1.42% + 9.65%). Nd\u00ebrkoh\u00eb gjat\u00eb vitit 2009, indeksin euribor i cili ishte mbi 2.5 %, q\u00eb n\u00ebnkupton q\u00eb kredia sindikale n\u00eb momentin e n\u00ebnshkrimit ishte shum\u00eb e shtrenjt\u00eb.<\/p>\n<p>Nd\u00ebrkoh\u00eb q\u00eb, Eurobondi ka nj\u00eb norm\u00eb interesi prej 7.50 %\/vit, ose 3.57% m\u00eb pak n\u00eb vit sesa Kredia Sindikale. E th\u00ebn\u00eb ndryshe, kostoja vjetore e Kredis\u00eb Sindikale sot do t\u00eb ishte 21,741,480 Euro, nd\u00ebrsa ajo e Eurobond-it \u00ebsht\u00eb 14,737,500. Diferenca midis tyre \u00ebsht\u00eb 7,003,980, q\u00eb do t\u00eb thot\u00eb q\u00eb n\u00ebse sot qeveria shqiptare do t\u00eb vazhdonte t\u00eb mbante kredin\u00eb sindikale n\u00eb portofolin e saj t\u00eb borxhit, ajo do t\u00eb paguante rreth 7 milion\u00eb Euro m\u00eb shum\u00eb interes n\u00eb vit, sesa po t\u00eb mbante Eurobond-in.<\/p>\n<p>Grafiku i m\u00ebposht\u00ebm paraqet vizualisht diferenc\u00ebn e ndjeshme midis k\u00ebtyre dy instrumenteve n\u00eb pikpamje t\u00eb kostos s\u00eb tyre.<\/p>\n<p>  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\n\t\"chartType\":\"ColumnChart\",\n\t\"chartName\":\"Chart 1\",\n\t\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?range=A4%3AB6&key=0Agylwmr5tEbVdGRFckNVTVIyaWxFQ0RnOHFZMlM3d0E&gid=0&headers=-1\",\n\t\"options\":{\"width\":600,\"height\":371,\"colors\":[\"#DD4477\",\"#0099C6\"],\"title\":\"Efekti i Eurobond-it mbi koston e borxhit \",\"legend\":\"right\",\"pointSize\":5,\n\t\"hAxis\": {\"title\": 'Indikatori', \"titleTextStyle\": {\"color\": 'red'}},\n\t \"vAxis\": {\"title\": 'Vlera', \"titleTextStyle\": {\"color\": 'red'},\"minValue\":0},\n    \"labelPosition\":\"right\",\"is3D\":true,\"hasLabelsColumn\":true,},\n    \"refreshInterval\":5,   \n    }\n  <\/script><br \/><sup>Burimi: Ministra e Financave, http:\/\/www.euribor-rates.eu\/<br \/>Analiza dhe Komente: Open Data Albania<\/sup><\/p>\n<p>Nga krahasimi i kostos s\u00eb borxhit p\u00ebr k\u00ebto dy instrumente dallohet qart\u00eb avantazhi q\u00eb paraqet Eurobond-i si nje instrument me i lir\u00eb. Gjithashtu, Eurobondi ka edhe dhe nj\u00eb avantazh tjet\u00ebr duke q\u00ebn\u00eb se ai \u00ebsht\u00eb nj\u00eb instrument me maturitet m\u00eb t\u00eb gjat\u00eb 5-vje\u00e7ar krahasuar me Kredin\u00eb Sindikale me afat 3-vje\u00e7ar, q\u00eb do t\u00eb thot\u00eb q\u00eb qeveria shqiptare fitoi edhe disa vite p\u00ebr t\u00eb shlyer borxhin. <\/p>\n<p>Te dhenat paraqiten te permbledhura ne tabelen me poshte:<\/p>\n<p>  <script type=\"text\/javascript\" src=\"http:\/\/ajax.googleapis.com\/ajax\/static\/modules\/gviz\/1.0\/chart.js\">{\"dataSourceUrl\":\"https:\/\/docs.google.com\/spreadsheet\/tq?range=A11%3AC16&key=0Agylwmr5tEbVdGRFckNVTVIyaWxFQ0RnOHFZMlM3d0E&gid=0&headers=-1\",\"options\":{\"displayAnnotations\":true,\"showTip\":true,\"dataMode\":\"markers\",\"fontColor\":\"#fff\",\"midColor\":\"#36c\",\"pointSize\":0,\"colors\":[\"#3366CC\",\"#DC3912\",\"#FF9900\",\"#109618\",\"#990099\",\"#0099C6\",\"#DD4477\",\"#66AA00\",\"#B82E2E\",\"#316395\"],\"headerColor\":\"#3d85c6\",\"smoothLine\":false,\"lineWidth\":2,\"maxColor\":\"#222\",\"headerHeight\":40,\"labelPosition\":\"right\",\"is3D\":false,\"fontSize\":\"14px\",\"hasLabelsColumn\":true,\"wmode\":\"opaque\",\"hAxis\":{\"maxAlternation\":1},\"maxDepth\":2,\"allowCollapse\":true,\"minColor\":\"#ccc\",\"mapType\":\"hybrid\",\"width\":600,\"height\":200},\"state\":{},\"chartType\":\"Table\",\"chartName\":\"Chart 1\"}\n  <\/script><br \/><sup>Burimi: Ministra e Financave, http:\/\/www.euribor-rates.eu\/<br \/>Analiza dhe Komente: Open Data Albania<\/sup><sup><br \/>* Shuma e Eurobond-it eshte 300 milione Euro, por vetem 196,5 milione u perdoren per te shlyer kredine sindikale <br \/>** Norma e interesit per kredine sindikale perbehej nga indeksi Euribor+nje marzh prej 2%. Kuotimi i mesiperm i Euribor eshte i dates 30 Janar 2012<\/p>\n<p><\/sup>\n<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurobondi i par\u00eb shqiptar u emetua me q\u00ebllim reduktimin e kostos s\u00eb borxhit publik. Kjo \u00ebsht\u00eb pasqyruar edhe n\u00eb Strategjin\u00eb e Menaxhimit t\u00eb Borxhit Publik 2011, i cili \u00ebsht\u00eb nj\u00eb dokument q\u00eb p\u00ebrdit\u00ebsohet \u00e7do vit nga Drejtoria e P\u00ebrgjithshme e Menaxhimit t\u00eb Borxhit Publik.&nbsp;Emetimi i Eurobond-it sipas Ministris\u00eb s\u00eb Finanave u p\u00ebrdor p\u00ebr: (i) t\u00eb ripaguar Kredin\u00eb Sindikale t\u00eb vitit 2009, e cila \u00ebsht\u00eb konsideruar&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[39],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":22926,"url":"https:\/\/ndiqparate.al\/?p=22926","url_meta":{"origin":6520,"position":0},"title":"Stoku dhe Kosto e Borxhit Publik 2025. Borxhi p\u00ebr Frym\u00eb","date":"November 13, 2024","format":false,"excerpt":"Open Data Albania po hulumton mbi Stokun e Borxhit Publik p\u00ebr vitin 2025 dhe Koston e tij, duke p\u00ebrfshir\u00eb nivelin e borxhit dhe kostos p\u00ebr frym\u00eb. T\u00eb dh\u00ebnat p\u00ebr k\u00ebt\u00eb studim jan\u00eb marr\u00eb nga Ministria e Financave, treguesit e Kuadrit Makroekonomik e Fiskal 2025-2027, t\u00eb rishikuar n\u00eb qershor t\u00eb k\u00ebtij\u2026","rel":"","context":"In &quot;Artikuj&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ndiqparate.al\/wp-content\/uploads\/2024\/11\/Data.Al_-Stok-Borxh-Publik-milion-leke-dhe-PBB-2025-vs-2024.png?fit=600%2C371&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25359,"url":"https:\/\/ndiqparate.al\/?p=25359","url_meta":{"origin":6520,"position":1},"title":"NewsLetter: Prokurimi Publik n\u00eb Vitet Zgjedhore 2015-2025: Gjetje mbi Riskun, Konkurrenc\u00ebn dhe Eficienc\u00ebn Financiare","date":"January 20, 2026","format":false,"excerpt":"Organizata AIS \/ Open Data Albania ka hartuar Raportin e Monitorimit dhe Dokumentin e Evidencave \u201cProkurimi Publik n\u00eb Vitet Zgjedhore: Evidenc\u00eb Statistikore dhe Analiz\u00eb Risku 2015\u20132025\u201d. Studimi analizon sjelljen e prokurimit publik p\u00ebrgjat\u00eb nj\u00eb dekade dhe evidenton lidhjen midis proceseve zgjedhore dhe treguesve t\u00eb v\u00ebllimit, konkurrenc\u00ebs, integritetit dhe riskut n\u00eb\u2026","rel":"","context":"In &quot;ODA njoftime n\u00eb shtyp&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/ndiqparate.al\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-31-2026-10_30_35-AM.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25270,"url":"https:\/\/ndiqparate.al\/?p=25270","url_meta":{"origin":6520,"position":2},"title":"Anulimet n\u00eb Prokurimin Publik 2025: Pesha n\u00eb vler\u00eb tenderimi dhe num\u00ebr procedurash, krahasimi n\u00eb vite","date":"February 25, 2026","format":false,"excerpt":"N\u00eb k\u00ebt\u00eb artikull po evidentohet v\u00ebllimit i prokurimeve publike t\u00eb cilat anulohen pas fillimit t\u00eb gar\u00ebs p\u00ebrmes njoftimit n\u00eb Sistemin Elektronik t\u00eb Prokurimeve (SEP). Procedurat e anuluara jan\u00eb analizuar p\u00ebr vitin 2025, duke evidentuar ato n\u00eb vler\u00eb fondi limit; num\u00ebr procedure t\u00eb anuluar; pesh\u00ebn e vler\u00ebs s\u00eb fondit limit p\u00ebr\u2026","rel":"","context":"In &quot;Artikuj ODA&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ndiqparate.al\/wp-content\/uploads\/2026\/05\/Data.AL_-Raporti-i-Fondit-Limit-per-Prokurime-te-Anuluara-kundrejt-Fondit-Limit-per-Prokurime-te-Shpallura-Totale-2015-2025.png?fit=652%2C371&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25323,"url":"https:\/\/ndiqparate.al\/?p=25323","url_meta":{"origin":6520,"position":3},"title":"Vlera e Fond Limit n\u00eb Prokurimin Publik 2025, Raporti me Produktin e Brendshem Bruto dhe dinamika nd\u00ebr vite","date":"March 10, 2026","format":false,"excerpt":"N\u00eb k\u00ebt\u00eb artikull po evidentohet vlera e fondit limit ne Prokurim Publik. Analiza p\u00ebrfshin\u00eb Vler\u00ebn p\u00ebr Fond Limit t\u00eb t\u00eb gjitha Procedurave Prokuruese t\u00eb zhvilluara p\u00ebrmes Sistemit Elektronik t\u00eb Prokurimit (SPE). Kjo vler\u00eb ka r\u00ebnd\u00ebsi pasi shfaq pozicionin e paras\u00eb publike q\u00eb injektohet n\u00eb ekonomi p\u00ebrmes prokurimit dhe gar\u00ebs. Fondi\u2026","rel":"","context":"In &quot;Artikuj&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/ndiqparate.al\/wp-content\/uploads\/2026\/05\/Data.AL_-Pesha-e-fondit-limit-te-prokuruar-pa-anulim-ndaj-PBB-se-2015-2025.png?fit=600%2C371&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25374,"url":"https:\/\/ndiqparate.al\/?p=25374","url_meta":{"origin":6520,"position":4},"title":"NewsLetter - Prokurimi Publik ne Vite Zgjedhore: Algoritmi i Vler\u00ebsimit t\u00eb Riskut n\u00eb Tenderim sipas Metodologjis\u00eb s\u00eb Open Procurement Albania. Evidenca p\u00ebr tendera t\u00eb 61 Nj\u00ebsive t\u00eb Qeverisjes Vendore (Bashki)","date":"January 10, 2026","format":false,"excerpt":"Prokurimi Publik ne Vite Zgjedhore - Metodologjia e analiz\u00ebs s\u00eb indikator\u00ebve t\u00eb riskut (\u201cRed Flags\u201d) n\u00eb Pushtetin Vendor N\u00eb Shqip\u00ebri, nj\u00eb nga mekanizmat e monitorimit t\u00eb riskut n\u00eb prokurimin publik \u00ebsht\u00eb platforma Open Procurement Albania (OPA), e zhvilluar nga organizata AIS \/ Open Data Albania. Platforma monitoron procedurat e prokurimit\u2026","rel":"","context":"In &quot;ODA njoftime n\u00eb shtyp&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/ndiqparate.al\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-31-2026-10_23_42-AM.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25235,"url":"https:\/\/ndiqparate.al\/?p=25235","url_meta":{"origin":6520,"position":5},"title":"Renditje sipas Vlerave t\u00eb Fituara n\u00eb Prokurim Publik, 10 Kompani Biznesi Big Kontraktor 2025","date":"March 2, 2026","format":false,"excerpt":"Open Data Albania po prezanton renditjen e Bizneseve me vler\u00ebn m\u00eb t\u00eb lart\u00eb t\u00eb kontraktimeve t\u00eb p\u00ebrfituara p\u00ebrmes procedurave t\u00eb prokurimit publik gjat\u00eb vitit 2025. Analiza \u00ebsht\u00eb realizuar mbi baz\u00ebn e t\u00eb dh\u00ebnave t\u00eb Sistemit t\u00eb Prokurimit Elektronik (SPE), t\u00eb p\u00ebrpunuara p\u00ebrmes platformave Open Procurement Albania dhe OpenTender.eu. P\u00ebr q\u00ebllime\u2026","rel":"","context":"In &quot;Artikuj ODA&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/ndiqparate.al\/wp-content\/uploads\/2026\/05\/Data.AL_-Renditje-10-Komani-Biznesi-me-vleren-me-te-larte-Tender-te-Fituar-viti-2025-ne-milione-leke.png?fit=600%2C457&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pcJP0S-1Ha","_links":{"self":[{"href":"https:\/\/ndiqparate.al\/index.php?rest_route=\/wp\/v2\/posts\/6520"}],"collection":[{"href":"https:\/\/ndiqparate.al\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ndiqparate.al\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ndiqparate.al\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ndiqparate.al\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6520"}],"version-history":[{"count":0,"href":"https:\/\/ndiqparate.al\/index.php?rest_route=\/wp\/v2\/posts\/6520\/revisions"}],"wp:attachment":[{"href":"https:\/\/ndiqparate.al\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ndiqparate.al\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ndiqparate.al\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}