11 minutes agoWhere can the Albanian economy be hit by the US-Iran conflict?
Periskopi(a year ago)
(a year ago)From oil and grain, to electricity or raw materials for the industry, along with the cancellation of contracts in tourism... the escalation of the conflict between Israel and Iran would bring negative effects to the Albanian economy. The fuel was the first to feel the effects. In world markets oil rose by 10 to 13 for [...]
The fuel was the first to feel the effects. In world markets oil rose by 10 to 13 percent. It will not be long before this performance is reflected in Albania, writes A2 CNN.
With temperatures high and only in growth on the one hand and a lack of rainfall on the other, Albania is increasing electricity imports from abroad. Market disorder would result in higher energy prices.
This at a time that the open site of the conflict between Russia and Ukraine follows to be heated.
Due to high dependence on import, similar effects were transmitted to Albania.
In a recent report of the global perspective, the World Bank warns that escalation of current conflicts in Eastern Europe, the Russian invasion in Ukraine, and the Middle East war could spread a strong, almost devastating price crisis to the world. /Periscope/
