TIRANA, November 21/ATA/ Minister of Finance Petrit Malaj stated today that the Albanian economy is going through a good moment, performing positively.
According to him, during first six months of the year, Albanian economy increased by 3.9%.
In the joint press conference with Head of the International Monetary Fund (IMF) for Albania Anke Weber and Governor of the Bank of Albania Gent Sejko at the end of the routine supervisory mission of the IMF, within the framework of Article IV, Malaj spoke for diversification of the sources of this growth, with a special role of the services and construction sector.
According to him, the domestic demand has been the main engine of economic activity, where private consumption and investments have respectively recorded an increase of 5.3% and 3.7% compared to last year.
The minister also said that the labor market continues to be another strong point of our economy.
The minister emphasized that price stability has been significantly supported by the strengthening of the Lek, a development that reflects the sound foundations of our economy and the confidence of international markets.
“Tourism, remittances and foreign investments have been the main driving forces behind this economic growth”, stated Malaj.
On the other hand, he added that the confidence of foreign investors in our economy continues to be strong.
“Thus, the foreign direct investments increased by 8.7% during 2023, and this positive momentum has continued in 2024 with an increase of 8.1% in the first six months of the year,” stated Malaj. /j.p/p.s./
