TIRANA, May 12 – Nadia Calvino, President of the European Investment Bank, said Albania achieved phenomenal progress over the past decade and described the European Union as a clear direction for the country’s future during a ceremony in Tirana.
She spoke at the signing of a financing agreement with Intesa Sanpaolo Bank Albania, attended by Prime Minister Edi Rama and Minister of Economy and Innovation Delina Ibrahimaj. She said her first visit to Albania in this role showed the scale of transformation in the country.
Calvino said Albania changed significantly over the past 10 years. She also expressed support for Albania’s European Union integration path. In addition, she said the EU represents stability, trust, and economic opportunity in a global environment marked by uncertainty.
She said cooperation with Albanian institutions remains strong and stable. The European Investment Bank continues to support Albania as a partner on its European path and as a driver of investment.
The European Investment Bank invested around 1 billion euros in Albania in transport, energy, water, and digital sectors. These investments support public services and improve living standards. The bank also funds ongoing projects, including road and railway modernization, water supply in Tirana, and urban and tourism development in northern regions.
The bank plans to expand its presence in Albania in 2026 and increase financing levels further. Calvino also referred to the 20 million euro agreement with Intesa Sanpaolo Bank Albania, which targets small and medium-sized enterprises.
She described small and medium-sized enterprises as the heart of the economy. More than 20,000 businesses already benefited from European Investment Bank financing through partner banks. These funds support growth and help businesses align with European standards in digitalization, energy efficiency, and modernization.
Calvino said Albania should not be seen only as a candidate country. She described it as a strategic partner and future shareholder of the European Investment Bank. She added that cooperation will deepen before, during, and after accession.
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