ALBANIA: WORLD BANK, IN RECOVERY PRIVATE INVESTMENT

Albania’s analysis of economic performance during 2015, the World Bank note a recovery in private investment, highlighting the growth of 13.6% in the fourth quarter of last year, imports of machinery and equipment. The 2015 was also a contraction of exports, fell 2% due to the fall in oil prices and minerals on international markets, but given that the actual imports fell, gross exports, however, have contributed positively to the rate growth. At the end of 2015 the rate of uncollected receivables decreased to 17.6% of the portfolio of loans, but increased again by 0.8% in January, according to data from the Albanian banks. The central bank expects that the rate of uncollected receivables may fall 15% by 2016, however, this process seems to be quite easy.

(ITALPRESS/MNA).


Source: medNews