FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2011
TIRANA STOCK EXCHANGE
ECONOMIC AND POLITICAL DEVELOPMENTS
Political Environment
Real Sector
• Nominal GDP 2010 (in billion lek) (MoF
estimations) 1,228.1
• Real growth of GDP 2010 (%) (MoF
estimations) + 4.1
• Consumer Price Index (monthly change %),
December’10/November ’10 +2.2
• Consumer Price Index (annual change %),
December’ 10/Decembere’09 +3.4
• Unemployment rate Q3 2010 (%) 13.52
Foreign Trade
• Export of goods (in million lek) 161,505
• Import of goods (in million lek) 478,708
• Trade balance - 317,203
Public Finance (preliminary)
• Total revenues (in million lek) 324,891
• Total expenditures (in million lek) 361,535
• Fiscal Balance (in million lek) -36,644
Financial Markets
• Average exchange rates
EURO 138.81
USD 104.95
• Yield of 3-month t-bills (%) 5.28
• Yield of 6-month t-bills (%) 6.41
• Yield of 12-month t-bills (%) 7.08
Consumer Price Index
In December 2010 the Consumer Price Index
was 109.5% against December 2007. The CPI
in this month has increased 2.2% compared
to the previous month. The annual change of
CPI for December was 3.4%. In December
price of diesel signed an increase of 4.2% and
the price of petrol increased by 4.0%. The
index of “Food and non alcoholic beverage”
group signed the biggest increase of 4.6%;
while the monthly changes price index in the
other groups varies from +0.1 per cent to +
1.9 percent. Exchange Rate
During December 2010 the exchange rate of
our national currency with Euro has decreased
by 0.01 percent compared with the previous
month, and has increased with the American
currency by 3.6 percent compared with the
previous month. At the beginning of
December we could exchange 1 Euro with
138.74 Lek and at the end 1 Euro was
exchange with 138.77 Lek, while 1 USD was
exchanged with 106.01 Lek. At the end of this
month 1 USD was exchanged with 104.00
Lek.
Total Revenues
Total revenues, during December 2010
reached 324.9 billion Lek, or 2.6% less than
the forecast; or 8.7% more than the same
month last year. Tax revenues in the end of
this period were 288.8 billion Lek, or 3.4% less
than the forecast; or 6.6% more than the same
month last year. During December’10 the average exchange
rates were:
EURO138.81 Lek
USD 104.95 Lek
Total Expenditures
Total expenditures were 361.5 billion Lek at the
end of December 2010, or 2.8% less than the
forecast (4.8% less than last year). Current
expenditures were 1.6% less than the forecast
and 5.6% more than the same month last
year, while capital expenditures were 6.1%
less than the forecast (29.8% less than the
same month of 2009).
Key Information Contacts
Bank of Albania www.bankofalbania.org
Ministry of Finance www.minfin.gov.al
Albanian Institute of Statistics www.instat.gov.al
Albanian Financial Supervisory Authority www.amf.gov.al
Ministry of Economy www.mete.gov.al
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Information obtained from the Exchange.