TIRANA, Nov 4 /ATA/ The European Commission has acknowledged Albania’s progress in aligning its monetary policy legislation with the EU acquis, particularly in ensuring the independence of the Bank of Albania.
In its Progress Report on Albania, the Commission found that the country has attained a high level of legislative alignment with EU standards, notably in prohibiting privileged access by public authorities to financial institutions.
The report further notes that Albania’s legislative framework complies with EU requirements on central bank independence and the ban on monetary financing of the public sector.
One of the developments highlighted in the report is the adoption of the new Law on the Bank of Albania in October 2026. The legislative change is regarded as part of Albania’s efforts to bring its institutional and regulatory framework into line with European standards.
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