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Albania Country Report - September 2016

October 11, 2016
This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of September 13, 2016 – October 11, 2016. OMNIX abandons $450mn tourist project in Albania after attack on executive Albania became a new customer of Iranian petrochemical products Albanian parliament adopts controversial law on waste imports despite protests China’s Geo Jade wraps up deal to buy Albania-focused Bankers Petroleum China Everbright Limited completes acquisition of Tirana International Airport Albanian GDP growth expected to improve in 2016, World Bank says Albania raises 13 spots to 80th in world economic competitiveness ranking Key points: • Albania’s GDP growth accelerates in Q2 • Inflation slows slightly to 1.8% y/y in September • Albania posts budget surplus of €100mn through August • Albania’s FDI down 11.6% y/y in H1 • Albania's Q2 current account gap more than doubled to €354m • 8-mo trade gap deepens 19.7% y/y
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