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Finance Minister Ahmetaj: Albanian economy in positive cycle thanks to reforms

16. January 2017

Albanian economy in the third quarter of 2016 grew by 3.08% compared to the same period of the previous year.

The Albanian economy has entered a positive cycle of growth thanks to the fiscal policies and reforms undertaken by the government in the recent years, Minister of Finance Arben Ahmetaj said in a televised interview on Saturday. According to Ahmetaj, the domestic consumption was following an upward trend. Based on the official data, there was more money available in the pockets of consumers. Regarding employment, Ahmetaj pointed out that there was an increase in employment rates and domestic capital. He said the government was working on several projects aimed at further increasing employment.

When speaking about foreign investments, the official stressed that foreign investments in the third quarter 2016 were at an all-time record level estimated at the value of € 288 mln. The foreign investments played a key role in Albania’s economic growth, the minister said.

Albanian economy in the third quarter of 2016 grew by 3.08% compared to the same period of the previous year, according to data published by the INSTAT. According to the minister, the positive signs showed that the government should continue the reforms it has already launched, such as the reform against informality in economy, in energy sector, in pensions’ system, justice system, etc.

Source:
Koha Jone
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