At first glance, the financial crisis that shook the world markets during last week has no influence in Albanian market. Albanian financial markets are very far away the complicated schemas of USA (Albanian banks are simply commercial and investment banks do not exist in country), while no Albanian institutions had deposited money in investing banks, which bankrupted or are in difficulties. Moreover, banks in Albania are at their best times with highest profit rates in domestic economy (20-30%).   

“Doing business 2009” report, a publication of World Bank certainly was very positive for Albania. Our country was ranked the second in world related to number of reforms and surpassed 40 countries in classification, by being ranked 86^th. Top reformers were from undeveloped countries. As an economy in transition, Albania has too many reforms to make, about which has been more delayed compared to some other countries of region. 2008 seemed to be the finalization of some reforms started and made during the last years, which influenced the immediate improvement of the ranking:

-Firstly, creation of center of loans registration, an office which has been discussed and was worked on for years, but only in the beginning of this year managed to become effective by Bank of Albania. The office is considered to be very important because it is expected to influence the risk management of loans and enables financial institutions to share information.