The opening of the first private securities exchange in Albania will be a window for all foreign investors. The president of US Chamber of Commerce Mark Crawford said in an interview with TV SCAN that the effects of the opening of a securities market will be positive for the business, and will also change the public’s mentality. According to him, the government can also contribute to Exchange development by starting with listing of state-owned companies.
“We are playing football in a field, were not using all the options that are normal for a capitalist economy. If you have money, it means you have liquidity therefore you need some means to mobilize this. While the funds in Albania are limited to banks, then the economy will not flourish. I believe the government can help by listing a few companies”, Crawford told SCAN.
The Albanian Financial Supervisory Authority licensed the first private securities exchange ALSE in July 2017, while its opening is expected to be in the coming months. This is seen as a very important development for the Albanian financial market, as it enables businesses to raise capital by attracting new shareholders. On the other hand, investors will have the opportunity to invest in a regulated market that offers complete confidence and transparency.