“The rate of state aid to GDP increased from 0.5% in 2019 to 1.96% in 2020,” the report said.

During the pandemic situation, the Albanian government drafted two financial support packages for individuals and businesses.

Under these sovereign guarantees, have been supported 53 thousand employees and 318 businesses.

“As of December 2020, under the first sovereign guarantee, 492 guarantee agreements worth ALL 5.9 billion have been approved, signed between commercial banks and traders and companies operating in the sectors of trade, processing industry, production, services , construction, mining, tourism, education, media, etc. While under the second sovereign guarantee, 318 guarantee agreements have been approved worth ALL 8.9 billion, signed between commercial banks and traders and companies operating in the sectors of trade, tourism, production, construction, transport services, processing industry,”the report states. //a.i/