The Albania Financial Services Authority published statistical data on the off-exchange market for government securities covering January–March 2025. By total volume, activity was dominated by receipt and transmission of orders in the primary market (auction) and settlement of nominal value at maturity, while secondary-market turnover was split between long-term bonds and short-term treasury bills and was heavily driven by individual investors. Receipt and transmission of orders in the primary market (auction) accounted for 56.07% of total volume and settlements at maturity for 37.54%. In the off-exchange secondary market, 58.13% of volume was in long-term instruments (bonds) and 41.87% in short-term instruments (treasury bills), but treasury bills represented 76.13% of transactions by count; individual investors executed 96.94% of all secondary-market transactions. For transaction types B, C and F combined, nominal value rose by around ALL 440 million year on year: type B (banks/brokerage firms selling from own portfolio while executing client orders) reached ALL 1,568.84 million (+3.05%, +ALL 46 million) with the number of type B transactions down 46.96%, while type C (banks/brokerage firms buying from investors before maturity) increased to ALL 927.60 million (+74.18%, +ALL 395 million) with the number of transactions up 24.69%; no type F transactions were executed in January–March 2025.