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Home World Business

Albania gross external debt hits $7.5b in 2014

byCustoms Today Report
18/05/2015
in World Business
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TIRANA: Gross external debt of Albania amounted to 6.6 billion euros (7.55 billion U.S. dollars) at the end of 2014, Albanian National Institute of Statistics (INSTAT) said here the other day.

The largest part of the external debt is owned by general government sector, followed by the banking sector. About 80 percent of the external debt consists of long-term debt.

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INSTAT further said the reserve assets in end of 2014 were 2.2 billion euros, or enough to cover 5.5 months of imports of goods and services.

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