The Albanian Prime Minister, Edi Rama, wrote on Twitter that Albania is now seen as a safe and promising investment destination, thanks to transforming reforms.
“Markets responded. Four years ago, Albania was paying a 5 year Eurobond with a 5.75% interest rate. Today we are paying 3.5% for a 7-year bond. Albania is seen as a safe and promising investment destination thanks to transforming reforms. There is still a lot to be done”, the Prime Minister wrote on social networks.
The message came after Albania went on international markets, looking for a 500 million EUR Eurobond.
According to the government, the loan will be used for its budget spending, but also to liquidate 200 million EUR of loans, issued in 2015, which had an interest rate of 5.75% and was expected to be paid by 2020.
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