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The Greek crisis effects on the Albanian economy

Author

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  • Veronika Durmishi
  • Valbona Gjini

Abstract

The study of the effects of the crisis of Greece has a special significance for two reasons: The first the large number of Albanian immigrants in Greece, and second is the fact that Greek investments are in sectors of economy. The first part of the analysis has to do with the effects of immigrants on the Greek crisis, collapse of economic growth in Greece, increased unemployment and poverty, which affects the emigrants. The second part of the analysis is the impact of the crisis in the Greek banking system, which is analyzed in several aspects: the safety of deposits, the credit of the Albanian economy and the investment banking sector. The third part of the analysis concerns the reduction of foreign direct investment. Reduction of Greek investments in the banking and telecommunications will grow negative effects.

Suggested Citation

  • Veronika Durmishi & Valbona Gjini, 2011. "The Greek crisis effects on the Albanian economy," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 4, pages 130-135, July.
    • Handle: RePEc:etc:journl:y:2011:i:4:p:130-135
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    Cited by:

    1. Elizabeta Tosheva, 2016. "The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 13, pages 171-183, January.

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