Rip­ples in Al­ba­nia.

Kathimerini English - - Front Page -

help it deal with the ad­verse im­pacts of the cri­sis and it was still ex­pect­ing to gen­er­ate free cash flow close to 500 mil­lion eu­ros this year, but only if the cur­rent re­stric­tions on us­ing cash are lifted.

Al­ba­nia’s cen­tral bank held its bench­mark repo rate last week at a record low 2 per­cent, and pre­dicted its moves to stim­u­late the econ­omy would stay in place at least un­til the first half of next year. Cen­tral Bank Gover­nor Gent Se­jko said the econ­omy grew 2.8 per­cent yearon-year in the first quar­ter, de­spite dam­age to agri­cul­ture from flood­ing in Fe­bru­ary, and pre­dicted sim­i­lar growth in the sec­ond quar­ter. But he told a news con­fer­ence, “The Su­per­vi­sory Board be­lieves the sec­ond part of the year might record slower rates of growth as a con­se­quence of a pos­si­ble neg­a­tive im­pact from events in Greece.” The cen­tral bank has brought its main in­ter­est rate down through re­peated cuts from 6.25 per­cent in 2009 to help the econ­omy through years of slow­down and low in­fla­tion.

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