However, government officials speaking at a roundtable workshop at Euromoney’s Central and Eastern European Forum in Vienna had a much more upbeat tale to tell of recent developments.
Although acknowledging Albania’s difficult transition from central planning to a market economy, Erald Themeli, head of the monetary policy department at the Bank of Albania, claimed that the macroeconomic picture makes for compelling viewing.
Private sector
With recent economic growth averaging an impressive 5% to 6% – more than double the eurozone average – the country is enjoying rising levels of wealth and business confidence, with the services and construction industries the key growth drivers.
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