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The Bank of Albania presented today the EBRD transition report.
In his speech, the Governor of the Bank of Albania, Gent Sejko, stated that the policies undertaken must be harmonized with the integration process.
Sejko further stated that the Bank of Albania does not draft industrial policies, but contributes to them.
Sejko also said that for many of the EBRD countries, the path to growth through traditional sectors has become more difficult, influenced here by the export of digitalized services.
“ State aid should be concentrated on high-potential firms. Industrial policies today are about fostering sectors for the future. For many EBRD countries, the path to growth through traditional sectors has become more difficult, and instead a new opportunity has emerged, the export of digitalized services, such as information technology and design.
The policies we undertake must be harmonized with the integration process. The role of the BoA is irreplaceable, we do not draft industrial policies, but we contribute to them. GDP grew by 4 percent in 2024, inflation remained at 2 percent and the non-performing loan ratio fell to a historic level , "he said./ CNA
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