Government lending, along with state-owned enterprises at 24% of GDP
Lending to government and state-owned enterprises in our country is fixed at 24% of Gross Domestic Product, according to a report recently published by the European Investment Bank. The report deals with crediting in the candidate countries to join the Union, but also in countries that are part of the European Union’s good neighborly relations.
The 24% rate makes Albania the first country among the Western Balkan countries, but also above the average of the middle-income group. Albania’s closest tracker in this indicator is Serbia with a rate of only 19% of Gross Domestic Product. This indicator is a result of low diversification of investment opportunities.
The report also states that this rate in our country is significantly lower than in the southern neighboring countries. Another item that puts Albania at the top of the listing is that of mortgage rate, where land is left as collateral. This rate for Albania is at 81%, the highest in the Western Balkans.
SCAN
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