Bank of Albania
Albania Raises Interest Rates as Inflation Threatens Growth
Albanian Central Bank governor Gent Sejko at a press conference in Tirana on July 6, 2022. Photo: LSA
Bank governor Gent Sejko warned the country that a current inflation rate of 6.7 per cent might not have peaked, adding that while the country is expected to avoid a recession, growth will likely fall.
Albanian Court Jails Central Bank Thieves
A court in Albania has jailed Ardian Bitraj, a former supervisor of cash deposits at the Bank of Albania, for 20 years for the theft of 713 million leks.
He pleaded guilty and said he had lost the proceedings in gambling. Mimoza Bruzia, another bank employee, got 10 years as a collaborator in the crime.
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Albanian Bank Chief Wins Board’s Confidence
The Governor of the Central Bank of Albania Ardian Fullani won formal support from board members after requests put forward by a board member that he be fired for the theft from bank vaults discovered on 21 July.
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