TIRANA, May 12 – Minister of Economy and Innovation Delina Ibrahimaj said Albania’s economy stands at a strong development stage. She said the government works to direct growth toward innovation, digitalisation, and deeper European integration through partnerships with international financial institutions.
At a signing ceremony for a new financing line between the European Investment Bank and Intesa Sanpaolo Bank Albania, she underlined the strategic role of the instrument for Albanian businesses. The event took place in the presence of Prime Minister Edi Rama and European Investment Bank President Nadia Calvino.
Meanwhile, Ibrahimaj said the agreement goes beyond a formal act. She linked it directly to Albania’s economic direction. She said cooperation with European partners shapes the country’s future development path.
In addition, she said Albania’s economy has undergone a major transformation over the last decade. She said institutional and technological changes have increased formalisation, transparency, and competitiveness.
At the same time, she reported that gross domestic product has more than doubled. She said it rose from EUR 13 billion to over EUR 27 billion. She also said around 70% of exports go to Europe.
Turning to macroeconomic indicators, Ibrahimaj said Albania has strengthened financial stability. She said public debt fell from above 70% of gross domestic product a decade ago to below 50% today. She added that economic growth has remained at 3.5% to 4%.
Meanwhile, she said digitalisation became a key driver of transformation. She said over 95% of public services now operate online through around 1,200 digital services. She added that this reduced bureaucracy and costs for citizens and businesses.
At the same time, she said the private sector increased digital adoption. She said 99.4% of enterprises use the internet and digital technologies. She also said investments in automation, software, and innovation solutions continue to grow each year.
In addition, Ibrahimaj said Albania follows a clear European integration path. She said the country must invest more in productivity, technology, and innovation to meet single market standards.
Meanwhile, she described the new instrument for innovation and green transformation as a key financial tool. She said Albania becomes the first Western Balkan country to receive this instrument, which reflects trust from European partners.
At the same time, she said the agreement provides EUR 20 million in financing for Albanian businesses. She said the funds support green and digital transition investments, artificial intelligence, cloud systems, smart logistics, renewable energy, and energy efficiency.
In addition, she highlighted a cashback mechanism within the programme. She said 10% of investment costs will return to businesses after successful implementation in innovation, digitalisation, and green transition projects.
Finally, Ibrahimaj thanked the European Investment Bank, the European Commission, and Intesa Sanpaolo Bank Albania for cooperation. She said the agreement marks the beginning of a new phase for a more modern and competitive private sector.
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