Home Page
 
News 16 Feb 12

Albania’s Posts Growth of 2.6% in Third Quarter of 2011

Albania’s gross domestic product grew by 2.6 percent compared with the same period in 2010, according to Albania’s National Institute of Statistics, INSTAT.

Besar Likmeta
BIRN
Tirana
Highway construcion in Albania | Photo by : Besar Likmeta

"In the third quarter, the sectors that registered the highest growth were transportation, trade and industry," INSTAT said in a statement.

Transportation grew by 19.7 percent compared with the same period in 2010, trade was up 6.2 percent and industry expanded 4.7 percent.

The sectors that saw a decline in the third quarter of last year were services and post/telecommunications.

INSTAT has published quarterly data on economic growth since 2008.

Since then, positive preliminary estimates have often been revised to reveal downward trends, prompting debate about the credibility of preliminary government estimates. Some experts have complained that positive forecasts are issued due to political pressure.

The positive estimate for the third quarter of 2011 came after INSTAT cut the growth figure for the same period in 2010.

Albania’s government has often been at odds with the International Monetary Fund and with opposition politicians over economic growth forecasts.

Talk about it!

blog comments powered by Disqus

Related Headlines:

croatia-mp-allegedly-offers-bribe-to-journalist-07-27-2017
27 Jul 17

Croatia Journalist Accuses MP of Bribery Attempt

Veteran Croatian journalist Drago Hedl alleges that ruling party MP Franjo Lucic tried to bribe him not to report on his business difficulties, which the politician has denied.

27 Jul 17

Chinese Seal Major Romanian Energy Acquisition

27 Jul 17

Busting Myths About Russia’s Balkan Designs

27 Jul 17

Eight Signs of Hope From Kosovo’s Election

Premium Selection

poison-gas-the-bosnian-war-s-forgotten-weapon-07-27-2017
27 Jul 17

Poison Gas: The Bosnian War’s Forgotten Weapon

Poison gas and other toxic chemicals were used dozens of times during the Bosnian conflict to torture and murder prisoners, but almost no one has been held directly responsible in court.

bosnian-hostel-tells-story-of-assassination-that-changed-world-07-26-2017
27 Jul 17

Bosnian Hostel Tells Story of Assassination that Changed World

A stay at an unusual hostel in Sarajevo takes visitors back to the event in 1914 that put the city on the map and unleashed the First World War.

27 Jul 17

Busting Myths About Russia’s Balkan Designs

24 Jul 17

The Many Charms of Serbia's Valjevo

24 Jul 17

The Srebrenica Refugee Camp that Never Closed

20 Jul 17

Serbia in Two Minds Over New IMF Deal