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Albania appears an unlikely bright spot on Europe's gloomy economic map, with international financial institutions forecasting a positive growth of 1.2%, Financial Times (FT) said.
"While its cash-strapped Balkan neighbors seek emergency finance from the International Monetary Fund (IMF), Europe's second poorest country, after Moldova, secured a EUR250 million medium-term commercial loan last month, arranged by Deutsche Bank and Alpha Bank of Greece," FT said.
The loan will allow the government of Sali Berisha to complete an upgrade of the main highway to Kosovo, a key infrastructure project.
Central bank governor told the Financial Times that the international loan had given a boost to Albania's credibility with investors abroad and helped sustain liquidity in the domestic bond market. /end/
FT: Albania - bright spot on Europe's economic map - Makfax.com.mk
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"While its cash-strapped Balkan neighbors seek emergency finance from the International Monetary Fund (IMF), Europe's second poorest country, after Moldova, secured a EUR250 million medium-term commercial loan last month, arranged by Deutsche Bank and Alpha Bank of Greece," FT said.
The loan will allow the government of Sali Berisha to complete an upgrade of the main highway to Kosovo, a key infrastructure project.
Central bank governor told the Financial Times that the international loan had given a boost to Albania's credibility with investors abroad and helped sustain liquidity in the domestic bond market. /end/
FT: Albania - bright spot on Europe's economic map - Makfax.com.mk
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