by AgroWeb on February 2, 2017

Albania central bank holds rates, promises more stimulus

Albania's central bank held its key benchmark rate at a record low of 1.25 percent on Wednesday and promised to continue providing economic stimulus until October to support investments and consumption. The bank, which has cut the rate from 6.25 percent at the end of 2008, expects average annual inflation of 2.3 percent in 2017, slightly below the bank's target of 3 percent but up from 1.3 percent...

by AgroWeb on May 19, 2016

Balkan Countries to benefit 250 Million Euro through ProCredit

Winston Churchill once said, that the Balkans produce more history than they can consume. Whereas European Union is referred to as a unification of nations that began from economic cooperation. There is a magical formula of co-existence. The formula which brought peace, harmony and economic cooperation in Europe. That magic combination is the best package Europe can pass to Balkans. Balkan ...

by AgroWeb on July 29, 2016

ProCredit Bank Albania joins Albania Agribusiness Support Facility

€15 million risk participation facility will allow increased lending to eligible agribusinesses. ProCredit Bank Albania Sh.A (PCBA) has become the first financial institution in Albania to receive a €15 million risk participation facility under the new Albania Agribusiness Support Facility. The facility is an innovative product that will enable PCBA to expand its lending to ...

by AgroWeb on June 13, 2016

Albanian women – “Rule the business”

If an economy runs like an engine, ask yourself why so many of these engines are running only at half speed? Too many emerging economies are ignoring the skills and potentials of half of their workforce; the one of women. They create more jobs, a growing economy and healthier happier people. Nothing feministic here, just a question of equality. Even though we are far from singing Beyoncé&...

by AgroWeb on December 24, 2015

World Bank: Reforms to drive growth in 2016

 The economic crisis that swept the globe and rocked many countries left its mark on the Albanian economy as well. While the impact of the crisis on the banking system was not as severe as in other emerging economies, growth in Albania slowed down, as did credit, investments and remittances. But World Bank thinks that Albania might actually turn the corner in 2016. This year's modest 2.7 ...

by AgroWeb on September 23, 2015

Agriculture: Innovation is Key to Intesa Sanpaolo Albania

It’s around 3 pm on an exceedingly hot Tirana mid-September afternoon, as I am ushered through the many doors that lead to the Intesa Sanpaolo Bank Albania CEO’s office. Greeting with a firm handshake and a welcoming smile is Silvio Pedrazzi, who shows no sign of fatigue, despite a tight agenda with meetings, and little breathing room, ready to talk business for Agroweb. The CEO of ...

by AgroWeb on August 26, 2015

Insuring the future of agriculture

Plunged in the flood with his flock of sheep; hopeless in the midst of water. The picture of the man and the sheep in the village of Darzez near the city of Fier early on February made the round of the international media. Informing about the Albanian floods, the second worst on record – only a disaster in 1971 was worse, the headlines of the international and local media were highly matched...

by AgroWeb on August 14, 2015

A rising inflation and implications for the Albanian economy

Central bankers’ worse nightmare is when the inflation genie escapes from the bottle, and they cannot coax it back in, as quickly as it was let out. The option of targeting a high inflation to boost the economy at the expense to devaluing people savings, shattering price stability comes always with a hefty price. It isn’t a kid’s game or even worse as the Greek philosopher ...

by AgroWeb on July 22, 2015

EBRD and Intesa Sanpoalo join forces in a loan guarantee agreement

As a concept, risk-sharing agreements mean different things in different contexts. In the banking system, it means easing access to finance for innovative SMEs. Recently the European Bank for Reconstruction and Development (EBRD), known for its strong appetite for calculated risk, have participated in a risk-sharing agreement with Intesa Sanpaolo Bank Albania to boost medium and long term ...