{"id":78931,"date":"2025-05-28T16:17:03","date_gmt":"2025-05-28T14:17:03","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=78931"},"modified":"2025-05-28T17:17:50","modified_gmt":"2025-05-28T15:17:50","slug":"albania-moves-toward-technology-and-industrial-development-ebrd-to-finance-e900-million","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/albania-moves-toward-technology-and-industrial-development-ebrd-to-finance-e900-million\/","title":{"rendered":"Albania Moves Toward Technology and Industrial Development, EBRD to Finance \u20ac900 Million"},"content":{"rendered":"<p>The Bank of Albania states that the country must pursue development through technology and industrial policies. To support this transition, the European Bank for Reconstruction and Development (EBRD) will finance \u20ac900 million over the next five years.<\/p>\n<p>Reforms implemented over the past 20 years have created a competitive economy in Albania, but they are not sufficient for further economic progress. In today\u2019s global context, according to Governor Gent Sejko, the country needs to focus on revitalizing industrial policies and developing the technology market.<\/p>\n<p>\u201cThese \u2018global innovation services\u2019, such as information technology, design, logistics, and data analysis, are at the heart of productivity growth and added value. But to develop them, strong foundations are needed: investments in education, a skilled workforce, modern digital infrastructure, and high institutional capacities,\u201d said Sejko.<\/p>\n<p>He added that several Central and Eastern European economies have already become leading exporters in the field of IT services, and Albania also has the potential to follow that path.<\/p>\n<p>Meanwhile, the EBRD will finance \u20ac900 million by 2030 to support the country\u2019s development.<\/p>\n<p>\u201cThis aims to support Albania\u2019s progress toward European Union membership. The priorities of our strategy for the country are fully aligned with the EBRD\u2019s global strategy, and have been adapted to Albania\u2019s national priorities and needs. The first priority is accelerating the transition to a green economy. We will continue to support Albania\u2019s efforts to diversify its renewable energy sources,\u201d said Ekaterina Solovova, EBRD Director for Albania.<\/p>\n<p>During the presentation of the Transition Report for Albania, financing programs were also detailed that aim to improve the expansion of transport and energy distribution networks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Albania states that the country must pursue development through technology and industrial policies. To support this transition, the European Bank for Reconstruction and Development (EBRD) will finance \u20ac900 million over the next five years. Reforms implemented over the past 20 years have created a competitive economy in Albania, but they are not [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":78932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153,1803],"tags":[243,151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Albania Moves Toward Technology and Industrial Development, EBRD to Finance \u20ac900 Million - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/albania-moves-toward-technology-and-industrial-development-ebrd-to-finance-e900-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Albania Moves Toward Technology and Industrial Development, EBRD to Finance \u20ac900 Million - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"The Bank of Albania states that the country must pursue development through technology and industrial policies. To support this transition, the European Bank for Reconstruction and Development (EBRD) will finance \u20ac900 million over the next five years. 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