This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of July 11, 2016 – August 13, 2016. Albania’s central bank to rebuild Tirana landmark Hotel Dajti after controversial acquisition CONFERENCE CALL: EU leaders reassure Western Balkans on integration after Brexit vote Albanian parliament adopts judicial reform package after last minute delay Bankers Petroleum expects to close transaction with Geo Jade by end-September Albanian government abandons plans to have Becchetti extradited from UK Albania’s National Lottery sold for €1 due to huge losses S&P affirms 'B+/B' rating on Albania Audit reveals Albanian banks illegally profited from damaged banknote scheme Key points: • Albania's inflation accelerates to 1.9% y/y in July • Albania's economic growth gains speeds in Q1 • State budget surplus holds in H1 • Economic outlook index improves q/q in Q2 • Albania’s trade gap widens 25.4% y/y in H1 • Commercial bank deposits turn to growth at end-June