Albania’s construction sector supports the country’s growth, Claudia Patricolo, August 27, 2017
Albania’s construction sector supports the country’s growth, Claudia Patricolo / Emerging Europe, August 27, 2017 The Albanian construction sector is the biggest accelerator of the country’s economy. According to the Bank of Albania, it contributed to economic growth by 1.0 percentage point in Q1 2017. “The Albanian economy is gradually approaching its level of potential, as is being reflected both in the decline in the unemployment rate, and in the medium-term trend of an increase in the production capacity utilisation rate,” says Gent Sejko, governor of the Bank of Albania, adding that when it comes to the production side, the construction activity and services’ sector are the main contributors to the expansion of the economy’s real growth. “Such cyclical improvement will enable a gradual increase of wages and convergence of…