The EBRD's transition report, 2025-2026 "Brave old World", was presented this Tuesday.
The Governor of the Bank of Albania, Gent Sejko, in presenting the transition report, said that the Albanian economy has shown good stability and adaptability.
"Economic growth is stable. Labor market conditions have improved significantly, reflected in increased employment. To date, the market has adjusted and has been accompanied by higher wages. The Bank of Albania has also played an important role," he said.
According to the Governor, the 2023 census data shows that Albania has about 2.4 million inhabitants, while the average age has reached almost 43 years. Emigration, once a mitigating factor for unemployment, is increasingly becoming a structural challenge for the economy and society.
Sejko assessed that, despite demographic pressures, the Albanian economy has shown high stability in recent years, supported by low inflation, economic growth, improving labor market and strengthening of the banking sector. He emphasized the role of the Bank of Albania's monetary policy in maintaining price stability and protecting purchasing power.
He emphasized that facing demographic challenges requires bold reforms in pension systems, labor market adaptation, the design of sustainable migration policies, and investments in the well-being of an aging population, including the use of new technologies and artificial intelligence, with a particular focus on younger generations in the economic decision-making process.
In conclusion, Sejko stressed that demography should not be seen as a predetermined fate and called for bold reforms, including reforming pension systems, modernizing the labor market, realistic migration policies, and investments in technology and artificial intelligence, with younger generations at the center of economic decision-making.
