Wednesday, October 26, 2011

Albanian Economy Doing Well, Albanian FinMin Says

Albania’s Minister of Finance Ridvan Bode declared on Tuesday that the Albanian economy keeps performing positively and that public debt is kept under control. According to Bode, the Albanian government is taking all necessary measures to prevent the effect of a regional spillover of the economic crisis.

The Albanian Minister of Finance added that Albania’s banking system is healthy and well capitalized. The declaration came after the latest IMF report recommended the Albanian government to be cautious with the public debt and warned that Albania could be affected as a result of a spillover from the economic crisis in the region.

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