This report covers the key macroeconomic and financial releases as well as the political events from Albania for the period of May 10, 2016 – June 13, 2016. EBRD keeps 2016 GDP projection for Albania at 3.3% Works on TAP gas project launched in Thessaloniki Wizz Air adds capacity in Southeast Europe Intesa Sanpaolo to provide €1bn loan to local SMEs involved in China’s Belt and Road Initiative in SEE Albanian recovery "gaining strength", IMF says Bankers Petroleum’s shareholders approve proposed acquisition by China’s Geo Jade Albanian police director suspended over wiretapping device scandal Key points: • Albania's inflation rises to 0.7% y/y in May • Albania's producer prices down 4.1% y/y in Q1 • Albania turns to cons budget surplus of €118mn in January-April • Albanian insurance market returns to growth in January-April • Loan portfolio of Albania's commercial banks continue to fall in April • Albania’s trade gap widens as exports fall • Growth of Albania’s gross external debt slows to 6.9% y/y at end Q1