WB: Economic growth, 2.1%
26/05/2014 00:00
Redundant guards and employed prisoners left without salaries even though the fund was allocated 5 months ago 27/11 21:15
The World Bank has kept their evaluation for a 2.1% growth of the
Albanian economy unchanged for 2014. The Bank values that the reforms
started in the past months for consolidating the public finances and for
paying old debts to businesses, in order to encourage the economy and
accelerate its growth. However, experts say that the risks of this
scenario are high.
“One of the main risks is a low economic growth in the Eurozone, the withdrawal of capitals from mother banks and the risk of the energy sector, which might influence the economy”, declared Hilda Shijaku, economist at the World Bank for Albania.
The biggest risk for the reviving of the economy is the behavior of banks and the loan crisis.
“First of all, we hope that the measures taken for the problematic loans and the payment of delayed debts to businesses will revive the loans. But the risk remains high due to the politics that foreign banks will follow”, Shijaku underlined. Albania was the country with the lowest economic growth in the region for the past year, with only 0.44%.
Negotiations between CEZ and the government
WB: We cannot intervene. We hope for a pact soon
During the presentation of the economic report for Southeastern Europe, the Head of the World Bank in Tirana, Tahseen Sayed, answered to the questions of journalists even for another delicate issue that is related to a possible failure of the negotiations between the government and CEZ.
“Since this is a negotiation between the government and CEZ, it would be inappropriate for the World Bank to comment what path these negotiations will take. But I can say that we welcome a solution that would please to both parties. This is very important for the messages in the external environment”, Sayed declared.
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