of the bank of albania. it is important that the difference between the two velocities reduces, in order that our dialogue with the market will be standardized and transparent. to enable an as much as possible contemporary communication, among others, an important part plays the cooperation between bank of albania, the financial market, ministry of finance, instat and the other institutions. in addition, it must cooperate more with other groups of interest, such as chamber of commerce, konfindustria, medias and the general public. at this point, i want to emphasize that the role the media plays is really special. a professional media would be able to construct reliable and comprehensible communication models, easily understandable by the public. the products we are getting ready to launch soon, that means the confidence indices, have to justify their designation. stated differently, the public must believe the product of the bank of albania is reliable, that product is the object and the real indicator of the public ’ s expectations. in the meantime, we expect to have back the echo of the public ’ s trust. wishing you all a fruitful working - day, thank you!

ardian fullani : the confidence indices speech by mr ardian fullani, governor of the bank of albania, at the regional seminar “ development and implementation of business and consumer confidence indices in albania 2 ”, tirana, 1 december 2006. * * * dear participants, today ’ s seminar, on the confidence indices, has a special importance, due to the fact that it regards the evaluation and decision - making basic elements in economic policies, information and in its real dimension. as in any decision - making process information is the first step to reach a sound judgment on the right monetary policy for a central bank. it is indispensable for the monetary authorities to prepare the analysis of the macroeconomic indicators, in order to prepare a monetary policy that ensures the stability of the internal indicators as well as the relations with the partner economies in trade affairs. on a more general view, the economy of a country can not achieve competitiveness and international standards, if development policies are built on a non complete information basis. the preparation of a complete information framework in the economic field is a challenge for the regional countries to reach occidental standards. at the current stage, for albania this challenge is even more urgent. the actual condition of the national statistics has room for spreading the statistical basis and for providing stable statistics over time. however, the progress in the statistics field, as well as in other related ones, needs time, funds and the right legal ground for undertaking substantial projects. meanwhile, our decisions have to rely on as much as possible sound basis. drafting the confidence indices, as indicators of economic expectations, does not substitute the lack of statistical information on the current situation of an economy. these indices enable monetary markets and authorities to rearrange in time the strategies that preserve balances of related goals. confidence indices enable a central bank adjustment of monetary policy stance in the right time in order to preserve price stability, while the economy grows at a potential pace. the developed countries are in frontward regarding the preparation of confidence indices as indicators of expected performance of the economy. integration of the markets and the globalizing process increase the necessity of preparing these indices in our region, because the objective of monetary policy, the price stability, reflects stability and economic openness towards regional countries and further. it has already been 4 years that bank of albania has started the evaluation of business and consumer confidence indices. these surveys are being run on a quarterly basis, with the help of instat, and involve over 600 businesses of