Banks' exposure to exchange rate risk remains low
The direct risk to banks' balance sheets from exchange rat...

The bread market and, in general, dough products are expanding due to the influx of foreign tourists. Official INSTAT data showed that the sales value reached about 6 billion lek in 2024, equivalent to 60 million euros. Compared to 2023, it increased by 5.7 percent.
This sector faced difficulties before and after the pandemic, when emigration began to increase after 2015, especially among young people. Imports and consumption of dough fell for several years in a row until 2022, but in 2023 and 2024, growth began due to tourism flows.
Tourism is significantly influencing their use, especially during the summer season when visitor flows are greater. Restaurants, artisan bakeries, patisseries and quick service outlets along tourist areas sell more bread, pies, pizza and traditional cakes. On the other hand, hotels and resorts significantly increase orders for brioches and similar products.
The diverse demand of tourists is pushing producers to combine local and international flavors, offering everything from pies and cornbread to brioche, baguettes, and Neapolitan pizza.
Increased consumption during peak months has a knock-on effect on flour producers and distribution networks, who order larger quantities and even increase imports to cope with the influx.
Data from INSTAT show that wheat imports, after a continuous decline, increased by 18.8 percent in 2023 and 16.7% in 2024, following the growth of tourism. Albanian cuisine is based on pastries, meat and dairy products. Increased consumption due to visitors has led to an increase in food imports, as domestic production, in addition to being in decline, is also insufficient.
For businesses, this period is an opportunity to boost revenue, because visitors with higher purchasing power accept slightly higher prices for high-quality, authentic artisanal products.
In recent years, tourism has become an engine for increased consumption and, in turn, is driving the expansion of the offer of local recipes in bakeries and pastry shops./ Monitor
The direct risk to banks' balance sheets from exchange rat...
The average price per square meter of apartments in Tirana...
Today, the US dollar will be exchanged for 82.5 lek when b...
The Governor of the Bank of Albania, Gent Sejko, participa...
Today, the US dollar will be exchanged for 82.5 lek when b...
Tirana ranks first in Europe for office rental yield, acco...
Today, the US dollar will be exchanged for 82.4 lek when b...
At the peak of summer, foreigners chose the capital. Stati...
The Albanian Parliament recommends that the Electronic and...
Albania is aiming to join the European Union by 2030. It t...
Drug traffickers are increasingly using cryptocurrency pay...
Today, the US dollar will be exchanged for 82.6 lek when b...
12-month Treasury bond yields suffered a further decline i...
The government foresees increased attention to the phenome...
European stocks rose on Wednesday, following a series of s...
The insured amount of deposits in financial institutions i...
Today, the US dollar will be exchanged for 83.1 lek when b...
Budget indicators show positive progress in terms of reven...
The International Monetary Fund announced this Tuesday tha...
The Ministry of Finance has published today data from the ...
Irfan Hysenbelliu claims to be a big businessman, an hones...
The murder of officer Enea Mekolli in the line of duty has...
The next case broadcast on the show "Stop", this Thursday,...
The case published this Thursday, June 4, on the show "Sto...
The Special Board of Appeal (KPA) decided this Monday ...
The KPA vetting decided this Thursday to dismiss the p...
Suela Salavaçi, a prosecutor in the Prosecutor's Offic...
The Special Board of Appeal reinstated the prosecutor ...
Following the cooperation of Interpol Tirana with Interpol...
An accident occurred this Saturday morning at Shkëmbi i Ka...
A TNT explosion occurred in Lezha in the early hours of th...
A massive brawl was recorded on Friday evening in Saranda,...
Albanians are officially the hardest working people in Eur...
This Saturday will be characterized by mostly clear weathe...
Today our country will be affected by stable weather condi...
For many children and teenagers, the long summer holidays ...
Millions of Europeans still apply for jobs without knowing...
Following the Covid-19 pandemic, the World Health Organiza...
Leaders of the European Union and Western Balkan countries...
On the eve of the EU-Western Balkans summit, Germany and F...
Korça is ready to open the summer season with one of the c...
Two years after his passing, the renowned Korçë poet Skënd...
The Ethnographic Museum of Berat has opened its doors to v...
The story of Harilla Bakalli is one of the most chilling t...
The Transparency Board, in today's meeting, decided to red...
This Saturday, one US dollar is bought for 81.4 lek and so...
Despite years of efforts at regional cooperation and free ...
Albania is the country with the highest level of severe ma...