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Moody's rating for Albania increases, the rating changes from 'positive' to 'stable'

2024-10-19 15:18:25Biznes SHKRUAR NGA REDAKSIA VOX

Moody's rating for Albania increases, the rating changes from

The national agency Moody's assesses Albania with a stable perspective, increasing the rate from B1 to Ba3. Moody's predicts stable economic growth in the medium term, driven by European Union funding and the implementation of relevant reforms.

Foreign direct investment, especially in the tourism and energy sectors, is expected to play a key role, while sectoral transformations aim to boost productivity. These changes are expected to improve the economy by shifting the workforce from agriculture to more productive sectors, such as tourism, says the Ministry of Finance in an official announcement.

Furthermore, a sustained increase in labor market participation will mitigate the population's demographic challenges.


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