| Albania strides towards EU accession - BBC report |
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15/12 - Here is part of a recent report by Paul Henley from the BBC.
Lufti Dervishi (a director of Transparency International in Albania) is old enough to compare living in Albania today with how life used to be. Technically, Albania can currently boast Europe's fastest-growing economy. According to the European Bank for Reconstruction and Development (EBRD), which is the biggest institutional investor in Albania, the national economy grew by 7% in 2008 and 6% in the first quarter of 2009, driven largely by investment in public infrastructure and in the telecommunications industry. It is not recession-proof, but foreign investment is increasing, as is confidence in the banks. And all predictions are for the country to stay in the black. Albanians have been used to power cuts for years, but things have improved to such an extent that, in the spring of this year, the state-owned power company started exporting electricity to neighbouring Greece. |
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