ardian fullani : the importance of consumer confidence indicators speech by mr ardian fullani, governor of the bank of albania, at the press conference on publication of business and consumer confidence surveys, tirana, 16 february 2009. * * * distinguished participants, we are holding this meeting to announce business and consumer survey results. these surveys represent an important long - run project of the bank of albania. starting from today, the bank of albania will quarterly publish them, together with supporting materials for the user, including a publication schedule, the methodology applied for their compilation and the relevant questionnaires. considering this day as a special one, i avail myself of the opportunity to share some ideas with you on the importance of confidence indicators, their methodology and the significance the bank of albania has given to this project. the publication of business and consumer confidence indicators is an important moment for enhancing bank of albania ’ s transparency. for some years on end, these indicators have been produced and made use of by bank of albania ’ s experts and by its decision - making structures, but now it is just the time to share this useful product with potential users of all levels. i would like to highlight that the results obtained from the processing of businesses ’ and consumers ’ answers are totally independent of and not influenced by the bank of albania, by economic, political and social conjunctures at home and abroad. all the users of this information should be aware that this information does not substitute or duplicate the official macroeconomic statistics. these qualitative indicators are compiled on the basis of opinions and expectations of the interviewed economic agents. i would like to be more concrete relate to this point. the bank of albania, having the awareness, independence and a certain degree of institutional transparency, and aiming at achieving high professionalism, plays an active and proactive role in the country ’ s economic development. economic analysis is under direct function of the monetary policy decision - making process. in essence, the decision - making precedes the medium - term developments, sustaining the maintaining of price stability as the primary policy target drafted and implemented by the bank of albania. profound analysis of the past, present and future developments of the economy contribute to appropriate decision - making. i assure you that building a complete “ picture ” of the present and the future of an economy is a rather difficult process, not only for an emerging economy, such as that of albania, but also for the most advanced economies of the world. economic and financial developments are accompanied by

gent sejko : current situation and prospective of the albanian economic development greeting speech by mr gent sejko, governor of the bank of albania, to the general assembly of the american chamber of commerce, tirana, 17 november 2022. * * * mr president of the american chamber of commerce, honourable minister ibrahimaj, your excellency ambassador kim, dear ladies and gentlemen, it is a real pleasure to join all of you in the general assembly of american chamber of commerce ( amcham ). also, it is an honour to address to this assembly and share with you opinions on the current situation and prospective of the albanian economic development. at the beginning, i would like to extend my consideration for the american chamber of commerce. this chamber - encompassing more than 200 member companies - is one of the most important business communities in albania. through training activities, promotion of albania as a business destination and participation in discussions on the development policies, it contributes in : improving the business climate and model ; attracting foreign investments ; and strengthening the economic relationships between the united states of america and albania. nowadays, this collaboration becomes even more important, when businesses, in both sides of the ocean, are tackling complex and unprecedented challenges. after two years of the pandemic lingering, the military aggression in ukraine triggered a new economic reality we are facing with. in addition to substantial loss of human life, this conflict caused headwinds in global markets of goods and in global supply chains. as a result, inflation and uncertainty picked up sharply across the globe, weighing heavily on those in needs, and brought about negative consequences on global growth. albania, as a small and open economy, is also experiencing this new created environment and in turn becoming part of it. the soaring prices in global markets drove up progressively inflation in albania, which peaked at 8. 3 % in october. we deem, that this high inflation is the main challenge for economic policies and operators in the private sector. we all are aware about the harmful consequences the high inflation has on households, businesses and on the overall economy. it decreases the purchasing power of our income, deflates savings, heightens uncertainty for the future, and reduces the informing role of prices in the economy. it increases the financial cost and curtails the ability of businesses and households to take well - informed decisions on consumption, savings and investments in the future. 1 / 3 bis - central bankers'speeches in this view, the priority of the bank of albania