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Albanien im Wirtschafts Desaster - Neighbors put Albania in danger

Bis heute hat es Albanien nie geschafft, ihre Tausenden von Inspektoren, oder Institutionen, welche mit Voll Deppen mit Parteibuch vollgestopft wurden, in irgendeine Funktion zubringen. Ausnahme waren kurzzeitige Funktionen, bis wieder Verwandte eines Politikers, ihre eigene Verdummung und Inkompetenz austoben durften. Das gilt heute auch für ganz oben im Polizei Apparat, der von Tropoje Banditen erneut lahm gelegt ist, wie grosse Teile der Institutionen. Identisch wird es auch mit den Betrugs Privatisierungen passieren, was sich ein Verwandter und Politiker unter den Nagel reissen will. Privatisierungen, sind reine Betrugs Maschinen, was sogar Deutsche Professoren festhielten.

  • Fuels quality control in concession

    • Nachdem die Idioten Regierung des Salih Berisha und Ilir Meta, auch noch mit Vorsatz den Tourismus zerstört haben, mit ihren kriminellen Primitiv Banden der Beton Landraubu Mafia, geht es immer mehr bergab, was ja vor einem Jahr schon nicht mehr zu übersehen war.

    Neighbors put Albania in danger 
    24/10/2011

     

     

    Neighbors put Albania in danger

    The International Monetary Fund explained the reasons for the warning they made to the Albanian government about the increasing economic dangers. 

    For the first time there is a detailed official document that scans the Albanian economy. IMF says that the Eurozone crisis might bring dangerous consequences to the country.

    “Albania has strong ties with Greece and Italy, not only in commerce, but also in the job market and banking system. The latter might result with substantial consequences, the biggest danger of which is that Albania’s banking system might get infected”, the report says.

    The unpaid bank debt has hiked to 18% of the total, from 3% that it used to be before the crisis. IMF says that the main cause for the loan system deterioration is the weakening of institutions and judicial system, which obstruct the collateral execution. According to the IMF, the solution of this issue must be one of Albania’s key short-termed priorities.

    Government “trapped” by debt

    The latest IMF report focuses on the government financial indicators. IMF says that the government must take all public finances under control with a more real budget program, rather than implementing spontaneous expense cuts, as it has happened up to now.

    According to the IMF, these spontaneous expense cuts have increased the government’s risk in failing to pay the financial obligations to businesses that have realized public works. The government’s bad loan reached 0.7% of the GNP, and IMF says that these obligations are a risk factor for the creation of a chain of unpaid debts in the economy. On the other hand, the government has accumulated big VAT reimbursement obligations. IMF says that If the administration will not reimburse VAT, Albania’s image will be damaged in the eyes of foreign investments. However, if the government will pay these obligations, the budget will receive a very strong hit.

    IMF notes that the government is contradictory in its economic model vision, by defending the idea of a small government with low taxes on one hand, and strongly increasing the pension billon the other, even after worsening the tax collection level.

    In these conditions, IMF suggests that the wage and pension increase must aim to compensate the price hike and improve the tax collection, while the Government should review the flat tax level by increasing it.

    http://www.top-channel.tv/english/artikull.php?id=3289

    Debt, treasury bond interest rates fallDebt, treasury bond interest rates fall
    The decision of Bank of Albania for reducing the basic interest rate for the Albanian Lek brought the first effects this week, when the interests of the Treasury Bonds reduced, as reported by the daily newspaper “Shqip” this Saturday.

    World Bank: Politics penalizes economy
    The director…

    Dieser Eintrag wurde am 24.10.2011 um 19:10 verfasst und befindet sich in Economy - Wirtschaft. Sie können alle Antworten zu diesem Eintrag über den Feed RSS 2.0 mitverfolgen. Hinterlassen Sie eine Antwort oder einen Trackback-Link zu Ihrer eigenen Homepage.

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    3 Antworten auf “Albanien im Wirtschafts Desaster - Neighbors put Albania in danger”

    1. agron sagt:
      30.10.2011 bei 02:41

      Signals for a further interest rate cut
      29/10/2011

      The Albanian Bank is reviewing the possibility of lowering the basic interest rate for ALL, a measure that could be undertaken within the next two months.

      The Governor had given signals for a possible cut of interest rate in the press conference of October 26th, while unofficial sources said yesterday that now this is a concrete discussion.

      “Without touching the stability of prices and other external economic balances, the improvements of the Eurozone situation in the last days and the confirmation of our expectations for the economic progress in the country might leave space for a further facilitation of the monetary policy”, Fullani declared.

      The Eurozone crisis seems stable after EU wrote down half of the Greek debt. This is expected to create stability even for Albania.

      This September, the basic rate of the Albanian Lek fell to 5% from 5.25%. Albania has never experimented with lower interests. This will enable the government to save on the domestic debt interests and oblige banks to look for creditors. This would make ALL less attractive, compared to Euro.

      The difference of the interest rates between ALL and EUR is very high, compared to some years ago. This shows that t0he Albanian Bank has enough space for further cuts of the interest rate, without damaging its credibility. Historical data for the interest of 1 year term deposits in ALL and EUR show that the interests make parallel moves.

      Before the crisis of 2007 and 2008, the ALL interests were 2% higher than those of the Euro. In the last two years, the interest rates of ALL are in average 2.8 higher than the interest offered for the annual deposits in Euro.

      The Albanian economy has been suffering low consumption levels in the last year, which has caused a considerable fall of sensitive prices, especially for domestic agricultural goods and clothes. But Bank of Albania says that the low crediting levels of the last months is not due to the banks desire to release loans, as much as the Albanians’ refusal to demand it.

      http://www.top-channel.tv/english/artikull.php?id=3394&ref=fp

    2. Gjoka sagt:
      30.10.2011 bei 21:06

      Es geht immer mehr bergab! Selbst die Albaner geben ihre Investment auf, weil Alles nur auf Betrug und Fälschung beruht.

    3. BuckZiesMutter sagt:
      14.12.2011 bei 17:09

      Die Lage wird immer ernster!

      WB: “Cut infrastructure investments”
      14/12/2011

      The World Bank suggested the government to consider cutting big infrastructure investments, due to the difficult economic situation and public finances.

      “It is not an easy choice, because the country needs to improve infrastructure, needs roads, needs to improve the electric and aqueduct networks. But if the situation in the Eurozone will deteriorate and if the revenues will be lower than predicted in the 2012 budget, it might be necessary to postpone some of this big infrastructure projects. The situation should be monitored carefully and not wait for a midterm period to make these regulations, but to intervene as soon as possible, if possible”, declared Xenia Ivovski, director of the World Bank for Albania.

      “The Bank has strong reasons, because it is the first time that we recommend such an extreme measure, but this way the public debt and the expenses for the key sectors will not deteriorate, such as education and health”, Ivovski declared.

      The crisis has significantly reduced Albania’s development pace. Mrs. Ivovski says that fortunately, all institutions foresee a growth for Albania, but slower than before.

      “We predict a medium growth of 3%, which is much slower than what Albania used to have. This means that there will be stagnation and poverty will be reduced slower. This smaller economic growth means a possible increase of inequality, which must be the main concern, and a slower improvement of the living standard for all Albanians”, Ivovski declared.

      http://www.top-channel.tv/english/artikull.php?id=4032

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