September 30, 2019 ALSE News

On September 30th, 2019, it was organized a workshop from Albanian Financial Supervisory Authority in collaboration with ALSE, Association of Securities Trading in Albania, and in the presence of the representatives from Chamber of Commerce and Industry of Tirana in the framework of “World Investor Week 2019”.

Mr. Ervin Koci, Executive Director of Albanian Supervisory Authority, said that the use of the stock market form businesses is very beneficial as an opportunity to ensure financing and to diversify their liquid assets structure. Moreover, Mr. Nikolin Jaka Head of chamber of Commerce and Industry of Tirana expressed the importance of capital instruments and stock exchange in the further development of Albanian business.

Additionally, the operators of Capital Markets present in this workshop familiarized the participants with the advantages of the development of Capital Markets and Stock Exchange. Mr. Blodin Cuci, President of Association of Securities Trading in Albanian (ASTA), presented in technical terms the benefits that business gets by investing in debt securities (private and government ones) and introduced the participants with some important concepts in the investment field such as the Cash Management.

On the other hand, Mr. Artan Gjergji, the Chief Officer of Albanian Securities Exchange, explained the importance of the stock exchange and the benefits that business have by listing in it. According to Mr. Gjergji, the stock exchange offers to businesses liquidity and also ensures to them funds cheaper than the traditional financing methods.

During the end of this workshop, Mr. Naim Hasa, Head of Association of Life Insurers, Pensions and Investment Funds, made a presentation about the development of the pension and investment fund market in Albania. Mr. Hasa expressed that it is very important that individuals should have a wider knowledge about these investment schemes since they have  a lot of long term financial benefits.

September 25, 2019 ALSE News

The Albanian Network of Financial Education held today its next meeting in the framework of developing of financial education. The focus of this meeting was related with the events, initiatives and projects that will be developed during the World Investor Week 2019.

In this meeting it was discussed about the participation of ANFE in the activity that will be organized by from the Albanian Financial Supervisory Authority during the World Investor Week 2019 and as well as regarding the initiative “Let’s speak your language on Securities”. This initiative is initiated by Junior Achievement Albania in collaboration with the Association of Securities Trading in Albania, which aims to engage high school students to draft a promotional manual with fundamental terms and concepts in the field of investments and entrepreneurship in a simplified language.

 

September 13, 2019 News from the Market

Treasury bills’ interests in the primary market are growing even during June. At Tuesday’s auction, 12-month maturity bills recorded a weighted average interest rate of 1.68%, from 1.46% at the previous auction.

After several months of falling interest rates to minimal historical values, May marked a turning point. Increasing interest rate adjustment was expected, given that the decline had reached very low and possibly unforeseen levels. Especially after the Eurobond issue, in October last year, the domestic financial market was even more liquid than usual. This increased competition among investors to buy T-Bills and T-Bonds, in the absence of other financial investment alternatives in local currency.

The interest rates on government debt papers went down unrecorded, but this drop naturally reached a bottom line and interest rates are beginning to move to the most reasonable levels. On the other hand, even the financial market demand to buy bonds has been somewhat reduced in recent auctions. At yesterday’s auction, the value of claims was only slightly higher than the amount of bonds promulgated for sale by the Ministry of Finance.

This indicates that the government securities market may have partially absorbed the excess liquidity created. Despite the interest rates being in a growing adjustment cycle, experts do not expect this growth to be large.

SCAN

September 13, 2019 ALSE News

The Supervisory Board of the Albanian Financial Supervisory Activity (AFSA) approved on its meeting of September 13th, 2019, the corporate charter (statute) changes of the Albanian Securities Exchange (ALSE). These changes mainly consist on the specification of decision making rights on Shareholders’ Assembly, defining principles of ALSE regarding its activity, and its impact in the financial system. Likewise, changes in the ALSE’s corporate charter enhance the monitoring and surveillance procedures of stock exchange operators by positively affecting the development of a sustainable domestic capital market.

During the same meeting, the Albanian Financial Supervisory Activity Board approved the re-appointment of Mr. Artan Gjergji in the same actual position as Chief Executive Officer (CEO) of the Albanian Securities Exchange. Mr. Gjergji, who is a person with a deep academic and professional knowledge in the field of financial management and capital markets, was one of the first originators of the project to develop ALSE. He is running the Albanian Securities Exchange ALSE since July 2017.

 

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