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As part of the work we are doing for financial education and raising public awareness on capital market in the country, in cooperation with the prestigious institution German Sparkassenstiftung Albania (DSIK Albania) and the Albanian Securities Trading Association (ASTA), we are organizing for the first time the participation of the Faculties of Economics of Albanian public and non-public universities in the international competition on the topic: “VIRTUAL STOCK EXCHANGE – Stock Market Learning “.

The competition has to do with the access of 3-4 students’ teams, in a virtual environment of a centralized internet platform, which will provide them virtual funds (50,000 EUR) and will give them the opportunity to access the real prices of securities trading (stocks, bonds, investment funds, etc.), by building a virtual investment portfolio in securities, in order to maximize the rate of return on investment. The international competition starts in mid-September 2021 and lasts about 6 weeks. In December 2021 an independent international jury will evaluate the performance of the virtual portfolios and make public the winning team with an international award. Also, DSIK Albania is committed to offering a special national award (in Albania), to reward the domestic university teams with the highest investment performance.

For this purpose, today, June 24, 2021, the organizers of this event in Albania provided a detailed and professional training for all students of public and non-public universities in the country, who will be included in this international competition. The interest towards this event was extraordinary and there was a wide participation of more than 150 students, divided into more than 50 teams, representing about 15 public and non-public universities.

This training, which is organized for the first time in our country and in such a comprehensive space, was welcomed by Ms. Mimoza Kaçi, Deputy Executive Director of the Albanian Financial Supervision Authority (AFSA). In her speech Ms. Kaçi emphasized the importance of financial education for all generations, as an element that promotes the development of financial markets, especially the capital market, in a qualitative and quantitative way. Furthermore, Ms. Kaçi focused on the work currently being done by the AFSA in cooperation with the Bank of Albania for the National Financial Education Strategy. Likewise, Ms. Kaçi informed the participants on the work done so far by the AFSA to improve the legal and regulatory FRAMEWORK of the industry with the drafting and approval of four laws and their supporting regulations. At the end, Ms. Kaçi thanked the organizers for this initiative and draw the attention on universities to participate as much as possible in every event, the purpose of which is to raise public awareness about the market and financial services.

Following, the representatives of DSIK Albania, Albanian Securities Exchange and ASTA conducted an intensive training for students, which included detailed information regarding:

1. Rules, procedures and Awards for participation in the International Competition “Virtual Stock Exchange – Learning Stock Market”,
2. The operational side of Placing Orders on the Trading System and Securities Trading on the Stock Exchange,
3. Creating a Portfolio in Securities and Asset Management.

For more information about Reported Transaction (OTC) on 18.06.2021 click

For more information about Reported Transaction (OTC) on 14.06.2021 click

Today on the June 11^th, 2021, Albanian Securities Exchange made e specific training for the employees of the Credins Bank, which are in charge of micro client relations into the whole branching network of the bank. The scope of this training was to help the young bankers better understand:

• the process of the investment services,
• the public offer of securities,
• operational procedures of the public offer,
• the importance of prospectus and information disclosed,
• information to be given to the clients investing in securities,
• order transmitting to the Treasury Department buy/sell securities on behalf of their clients etc.

Credins Bank remains a pioneer in offering investment services for domestic investor clients. Additionally, the bank has been one of the most important market players exploring the potential of capital markets and financing through the corporate bonds issuance in the domestic market.

The Chief Executive Officer of Albanian Securities Exchange, Mr. Artan Gjergji took part today to the awarding ceremony of the wining prizes for the students of Economic Faculty at Epoka University who participated the Stock Competition. This competition organized by the Young Economist Network (YEN), part of the Economic Faculty, aimed the participation of the students in a virtual stock simulating game, were teams try to build a virtual securities portfolio, based on virtual cash amounts, and compete to each other for a higher rate of return from the portfolio investment.

The Young Economist Network (YEN) was created in 2014 from students of Economics Department in Epoka University. YEN provides young economists relation with professors of the field together in order to work toward organization of economic events in Albania and provide professional enhancement of students and strong network with professors and companies in Albania.

During his welcoming speech, Mr. Gjergji emphasized the importance of such initiatives not only to increase the public awareness to such important concepts such as investing, financial instruments and capital markets, but also to familiarize them with the risks and benefits associated in this process. Likewise, Mr. Gjergji made a short presentation of the Albanian Securities Exchange, including the challenges ahead for the development of capital markets in Albania.

At the end of the event, the winners of the competition were handed over the prizes.

As part of the work done to rise the public awareness regarding capital markets, the Albanian Securities Exchange (ALSE) and Mediterranean University of Albania (UMSH) signed today on June, 9^th, 2021, a Memorandum of Understanding which is focused on the mutual institutional cooperation regarding the scientific research and academic conferences with a specific interest on capital markets. Likewise, this MoU puts a mile stone in the process of internships for UMSH students within the premises of ALSE.

The memorandum of Understanding was signed by Chief Executive Officer of ALSE, Mr. Artan Gjergji and the Rector of the Mediterranean University of Albania, Prof. Dr. Adrian Civici.

The Albanian Securities Exchange closely cooperates form many years now with all the domestic high education institutions regarding the rising public awareness and financial education level on domestic securities market.