Albania

In-depth country-focused analysis on Albania's economic, political and operational risk environment, complemented by detailed sector insight

Albania

Our comprehensive assessment of Albania's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Albania, as well as the latest industry developments that could impact Albania's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Albania before your competitors.

Country Risk

Albania Country Risk

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Core Views

  • Albania's economy will remain on a low growth trajectory over the coming years, unless more structural reforms can be implemented to tackle longstanding issues of competitiveness and corruption.

  • The recovery will mainly be built upon improving consumer spending. This is sub-optimal due to low incomes and the country's small consumer base.

  • The country's fiscal position will continue posing risks, with a public debt load of over 70% amongst the highest in the region.

  • A widening current account deficit suggests an increased reliance on IMF funding in the financial account.

  • Albania's already poor relationship with Serbia looks set to worsen over the Kosovo issue. This will dent both Albania's and Serbia's progress...

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Albania Industry Coverage (1)

Telecommunications

Albania Telecommunications

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BMI View: Owing to the laggardly pace of regulatory reform, Albania is one of Europe's most challenging telecommunications markets from an investment perspective. Although there are numerous alternative operators challenging the incumbent in both the mobile and wireline sectors, price-led competition hampers their ability to develop advanced monetisable services. The mobile market suffers, in particular, from a surfeit of inactive subscriptions; efforts to eliminate these are causing highly variable growth trends, making it difficult to accurately gauge the market's size and trajectory. In the wireline arena, customers are migrating to cheap mobile services and, although the market is buoyed by demand for fixed broadband, the roll out of 3G mobile broadband poses downside risks to growth. Although the incumbent has developed a high-speed network and aims to leverage IPTV to exploit its potential, the sector remains unattractive on many...

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Latest Albania Articles

  • The recent oil price rally has overshot the extent of the bullish shift in ...

  • We forecast global real GDP growth of 3.0% in 2015, a rise from the 2012-14...

  • Albania's large rural, unbanked population implies significant growth prosp...

Latest Albania Blogs

  • The political crisis in Macedonia merits considerable vigilance, for if the...