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BoA warning: Albania's future is threatened by emigration!

2025-11-06 18:26:22Biznes SHKRUAR NGA REDAKSIA VOX
BoA warning: Albania's future is threatened by emigration!
Bank of Albania

Albania's future is threatened by emigration! The aging population and the emigration of the workforce are risks to the country's economic growth potential. The concern was once again raised by the governor of the Bank of Albania, Gent Sejko.

"Unfavorable demographic developments and structural changes in the labor market are making the economic environment more complex. All these trends are putting financial systems and monetary and economic policies in the face of new challenges and complex innovations, which require in-depth analysis, a better understanding of cross-sectoral actions, and decision-making based on evidence and scientific rigor ," said Sejko.

From the 19th Economic Research Workshop for Southeast Europe, Sejko also pointed out other external factors that threaten the country's future.

"Global uncertainties resulting from geopolitical tensions, changes in supply chains and fluctuations in international energy and food prices continue to affect the expectations of economic agents and the country's trading conditions. At the same time, the transition towards a greener and more digital economy requires large public and private investments, increased productivity and adaptation of the production structure. On the other hand, demographic changes, such as population aging and continued labor migration, are limiting the supply of human resources, affecting the long-term potential of economic growth ," said Sejko.

Therefore, it is urgent to move towards policies that consider the individual as society's most precious capital.

"In this new, almost unpredictable environment, sustainable economic growth and maintaining macroeconomic stability is a challenge in itself, which requires prudent monetary and fiscal policies, increased efficiency of financial markets and their further development. In this context, important transformative reforms are needed to increase productivity through: innovation, investment, improvement of the business climate, increased competition."

The Bank of Albania expects economic growth to continue at solid rates, driven by tourism and investments.


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