The Bank of Albania published a readout of a courtesy meeting between Governor Gent Sejko and Hungary’s newly appointed Ambassador to Albania, Martina Kasnyik, focused on Albania’s economic outlook and prospects for strengthening bilateral economic cooperation, particularly in the financial system and through foreign investment. Governor Sejko outlined a positive growth trajectory for the Albanian economy and described monetary policy as oriented toward maintaining price stability through adjustments in the monetary policy stance, as a prerequisite for financial stability. He characterised the banking system as well capitalised, liquid and profitable, with low non-performing loans and expanding lending activity, and noted that Hungarian investments in the sector have supported Bank of Albania initiatives while serving as a channel for investment and the exchange of European experience. The discussion also covered Albania’s European Union membership process and Albania’s accession to the Single Euro Payments Area, with the Bank of Albania having supported commercial banks’ applications to the European Payments Council for participation in SEPA schemes by acting as the National Support Centre.

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