Albanian GDP increased 1.1 pct in Q4 2013

Bank of Albania (BoA) governor Ardian Fullani on Wednesday told a news briefing that Albanian Gross Domestic Production (GDP) increased by 1.1 percent in the last quarter, 2013. Imported inflation has been on decrease; public investments have increased whereas the capability to maintain sustained rates is a key factor, according to Fullani. Fullani added that fiscal consolidation is expected to run at rapid rates whereas banks continue to tighten the lending standards. Concerning the economic growth, the governor said that the economic growth is expected to be more balanced during 2014.