AGP Executive Report
Last update: 3 hours agoBanking & Credit: Albania’s private sector loan portfolio grew about 14% year-on-year in Q2, with demand strongest for business investment, liquidity and expansion, while individuals leaned on housing and consumer financing as competition and easing conditions supported credit. Industry Watch: Eurostat-linked reporting says Albania’s industrial production fell 15.3% from 2021 to 2025, with output dropping each year after a brief 2022 rise—leaving Albania near the bottom in Europe, as manufacturers face a stronger lek, higher labor costs and cheaper Asian competition. Energy Storage Deal: VIM Energy Systems won a battery-storage contract worth about SEK 190m for a turnkey battery park in Moldova, with design, supply, installation and commissioning; VIM also points to a recent Albania pilot for battery systems. Inflation Outlook: Albania’s central bank says the latest inflation uptick (averaging 3% in Q2) should be temporary, helped by a stronger lek, but warns energy price shocks or geopolitical stress could keep inflation higher. Regional Context: Wildfires and record heat continued to disrupt parts of Europe, adding pressure to emergency services and infrastructure across the region.
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