Category: ALSE News

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Albanian Network for Financial Education (ANFE) holds its 11th meeting

Albanian Network for Financial Education (ANFE) held its 11^th meeting on 21.05.2021, which was organized and chaired by Albanian Microfinance Association, with the presence of Albanian Supervisory Authority and the member organizations of the network. Participants in this virtual meeting stopped and discussed a number of topics of interest to the financial market, which embrace the contribution of ANFE in terms of raising awareness of financial education and improving its level in all segments of the population.

An important place in the discussions was taken by the initiative of the Bank of Albania to create a Nationwide Strategy for Financial Education, an initiative which was welcomed by ANFE and its members, who are committed to contribute maximally to make this strategy as comprehensive and effective as possible, and to enable a deep impact throughout the population. In this regard there were also some presentations and interventions by international experts, who brought their experience in creating similar strategies applied in other countries.

Much appreciated contributions were also presented by the members in terms of activities undertaken in the framework of increasing the level of financial education, such as “Money Week 2021”, the creation of the “Glossary of Financial Terms”, a very serious contribution of all ANFE members for the domestic financial market. Also, information regarding the activities planned during this year, such as “Global Investor Week 2021”, “World Savings Day 2021”, “Borrow Wisely Campaign 2021”, as well as other activities which are being organized on an ongoing basis.

For the information of the Network and its members, presentations were also provided regarding the current operating status of the ALREG Securities Register, as well as regarding the new Law no. 32/2021 “On compulsory insurance in the transport sector”, recently approved by the Albanian Parliament and the innovations it brings as an important step towards legislative approximation to European standards.

Participants provided constructive discussions and made important contributions to the drafting of the action plan regarding the role of the Albanian Financial Education Network in terms of creating the National Strategy for Financial Education, as well as in terms of activities planned throughout the year related to financial education.

About the Albanian Network for Financial Education

The Albanian Network for Financial Education (ANFE), is an organization established in 2018, which is supported by ten financial institutions and representative organizations of market operators: Albanian Association of Banks, Albanian Insurers Association, Albanian Microfinance Association, Albanian Association of Life Insurance, Pensions and Investment Funds, Association of Securities Trading, Albanian Securities Exchange ALSE, Junior Achievement of Albania, Albanian Partners for Change and Development, National Youth Service and German Sparkassestiftung in Albania. The main mission of this network of organizations is to contribute to improving the level of financial education in Albania, by raising awareness, advocating and promoting activities organized by participating organizations on this purpose.

Today on May 21st, 2021, the Albanian Securities Exchange published the Annual Rapport 2020, which reflects the progress ALSE has made and its activity during the third year of operation as an organized market. This Annual Report includes information regarding the stock exchange membership, listing process of the Government debt securities and transactions with them, activities organized by ALSE in the context of public education as well as a wide variety of detailed information, part the institutional activity during 2020.

Despite the fact 2020 has been one of the most difficult years in the history of humankind due to the COVID-19 pandemic spread out, which plunged the whole world into a deep health, social and economic crisis, this year has been quite successful for the domestic financial market in terms of revolutionizing the legal framework. The Albanian Parliament adopted 4 important laws covering financial markets (capital market, investment funds, payment system and the Distributed Ledger Technology sectors (DLT) or as otherwise known, “Blockchain Technology”.

In terms of managing the situation and the effects caused by the COVID-19 pandemic throughout the financial market and consumer behavior, ALSE succeeded to manage in the best way possible all the problems faced, without affecting for a single moment the securities trading sessions and daily affairs. The Annual Report includes more detailed information on the measures taken by ALSE to manage the situation.

For more information click here

For more information about Reported Transaction (OTC) on 12.05.2021 click

For more information about Market Data on 04.05.2021 click

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The Executive Board of the Albanian Chamber of Commerce (AmCham) approved in its meeting of March 30^th, 2021 the request of the Albanian Securities Exchange (ALSE) to become an Associated Member to this important organism in the field of lobbing and business interest protection in Albania.

Albanian Securities Exchange is the only domestic regulated market, licensed since 2017 by the Albanian Financial Supervisory Authority, the main activity of which is to match the supply and demand for long term capital in Albania. It will in provide business in general as well as large corporates in particular, with a serious and cheap way of rising capital and financing their activity through the stock exchange listing.

Albanian Chamber of Commerce is a business organization which operates for 20 years and has a good reputation among business community, due to the work and collaboration with its members. AmCham is in a continuous contact with its members and works hard to identify and address their problems as well as to make the necessary recommendation to the public institutions and the Albanian Government. Likewise, AmCham is very active in the lobbing process related to fiscal issues and new legislation regulating the business activity. In this way, AmCham is not only a strong advocate for its business members, but also a factor in the regulative process of the market economy as well as improving business environment in Albania.

Through its membership to AmCham, the Albanian Securities Exchange aims to come closer to the corporates which fulfill the criteria for listing on the stock exchange. As part of AmCham’s yearly activity to provide professional trainings for its members, ALSE shall organize business meetings to inform corporates on the chances offered by capital market to finance their business in long term basis, as well as shall provide technical assistance to make this process easier for domestic large corporates.

Albanian Securities Exchange (ALSE) has the pleasure to inform you on the publication of the quarterly Statistical Report for the period January – March 2021 (Q1-2021).

For detailed information on the report, please click here