Negotiations after one year, Moody on Albania, “Stable Debt”
09/12/2016 00:00
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The international Moody’s has valued Albania’s public debt as stable,
with the B1 rate, adding that Albania’s financial position has improved
thanks to fiscal discipline.
The agency says that deficit will go down to 2.5%, the lowest in two decades, while the debt will go down to 69%, assisted by a revival of the economic activity.
“Economic growth had a wider base after 2014, supported by stronger consumption and more private investments”, according to a report by Moody.
According to Moody, the economic growth will be 3.4% this year, and it will accelerate up to 4.1% during the next years.
“Stronger economic growth and fight against informality have improved the job market, by reducing unemployment with 2.9%”, the report values.
The international giant values that the justice and administrative reforms will improve the business climate by giving a date for starting the EU negotiations.
“We expect the recent reforms to increase Albania’s chances for officially starting EU negotiations by the end of 2017, but the accession process will be long”, Moody said.
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