Albania becomes an unexpected crisis-era success story

By Clare Nuttall in Glasgow Albania has emerged as an unexpected success story since the start of the Europe-wide economic crisis triggered by Russia’s invasion of Ukraine in February 2022. The country had one of the region’s lowest inflation rates in 2022, the lek is at a record high against the euro, and projections indicate Albania will be among the fastest-growing economies in Emerging Europe over the next three years. Like the rest of the region, Albania is poised for a slowdown in 2023 as inflation takes its toll on international economies. However, it is expected to maintain growth that…

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