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Albanian Financial Supervisory Authority
The Authority (AFSA) was setup in the year 2006 as a Public organization. The AFSA is solely Responsible for the maintenance and supervision of all major financial activities going on in Albania. The reports from the AFSA are directly submitted to the Albanian Government. The AFSA majorly concerns about the safety and security of the rights of their customers. They also try to bring in reliability, transparency in insurance area, securities and pension funds sector. For all the Interested parties, the AFSA provides high standard of services, expertise and transparency in their work. All the financial activities in Albania are administered and regulated by the Albanian Financial Supervisory Authority (AFSA). Mark Crawford, Head of the American Chamber of commerce, recently stated in an Interview that the Albanian Securities Exchange (ALSE) will soon make the field better by attracting the foreign investors. He also stated that opening of stock exchange could be the start for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Authority
In the fields of sociology and political science, authority is the legitimate power of a person or group over other people. In a civil state, ''authority'' is practiced in ways such a judicial branch or an executive branch of government.''The New Fontana Dictionary of Modern Thought'' Third Edition, Allan Bullock and Stephen Trombley, Eds. p. 115. In the exercise of governance, the terms ''authority'' and ''power'' are inaccurate synonyms. The term ''authority'' identifies the political legitimacy, which grants and justifies the ruler's right to exercise the power of government; and the term ''power'' identifies the ability to accomplish an authorized goal, either by compliance or by obedience; hence, ''authority'' is the ''power'' to make decisions and the legitimacy to make such legal decisions and order their execution. History Ancient history, Ancient understandings of authority trace back to Ancient Rome, Rome and draw later from Catholic (Thomism, Thomistic) thought and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Albania
Albania is a unitary parliamentary constitutional republic, where the President of Albania is the head of state and the Prime Minister of Albania the head of government in a multi-party system. The executive power is exercised by the Government and the Prime Minister with its Cabinet. Legislative power is vested in the Parliament of Albania. The judiciary is independent of the executive and the legislature. The political system of Albania is laid out in the 1998 constitution. The Parliament adopted the current constitution on 28 November 1998. Historically Albania has had many constitutions. Initially constituted as a monarchy in 1913, Albania became briefly a republic in 1925, and then a democratic monarchy in 1928. In 1939 Albania was invaded by Fascist Italian forces, imposing a puppet state, and later occupied by Nazi German forces. Following the partisan liberation from the Nazis in 1944 a provisional government was formed, which by 1946 had transformed into a Communist on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Bank Of Investments (Albania)
American Bank of Investments operates in the Albanian market since 1999. Original known as Emporiki Bank, a local branch of Greece's Emporiki Bank Group in March 2010 it became part of France's Crédit Agricole Group when it acquired 100% stake at the Greek parent company. In December 2015 Crédit Agricole Albania Bank changed its name to American Bank of Investments and became a subsidiary of the companies NCH Capital and Century Holdings. The bank provides products and services to individuals and small enterprises in Albania. In 2021, the American Bank of Investments had a market share of 5.54%, making it the 6th largest bank in Albania. References {{Reflist Banks of Albania ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credins Bank
Credins Bank was established in Albania in March 2003 by a group of businessmen as the first private bank with Albanian capital. The head office is located in Tirana. In 2012, Credins Bank had a 7.9% market share. At the end of 2017, the bank has a network of 59 branches and 63 ATM, totaling over 120 locations in Albania. The bank is today the 2nd largest bank in the country in terms of total assets and the 1st or the biggest one in the loan portofolio. Since 2020 Credins Bank has expanded in Kosovo, numbering today 7 branches. In November 2017, British-based Amryta Capital LLP bought a 14.9% stake in the bank. Artan Santo, Credins Bank's manager and one of its founders and shareholders, was shot dead in Tirana in 2014. Sources {{Reflist * Banks of Albania Banks established in 2003 Albanian brands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Volunteer Corps
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volunteers For Economic Growth Alliance
Volunteers for Economic Growth Alliance (VEGA) is an umbrella group consisting of 23 economic development organizations that integrate highly skilled volunteers into programs. VEGA is usually contracted by United States Agency for International Development (USAID) for specific projects that involve one or more of the Member organizations. The organization is headquartered in Washington, DC and its members have offices around the world in developing/transitioning economies where USAID operates. Member organizations These are all typically US-based, economic development NGOs. *ACDI/VOCA *Aid to Artisans / Creative Learning *CNFA *Coffee Quality Institute *CRDF Global *Cuso International *EMDAP IIE/Emerging Markets Development Advisor Program *FSVC Financial Services Volunteer Corps * FAVACA Florida Association for Volunteer Action in the Caribbean and the Americas *Global Business School Network *ICMA International City/County Management Association * IESC *IRPF International Real ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Albania
The Bank of Albania ( sq, Banka e Shqipërisë) is the central bank of Albania. Its main headquarters are in Tirana, and the bank also has five other branches located in Shkodër, Elbasan, Gjirokastër, Korçë, and Lushnjë, while its Research and Training Center is located in Berat. History In the first few years following Albania's declaration of independence on 28 December 1912, the fledgling country lacked a central bank. Under Ismail Qemali's leadership a first central bank was created on 4 October 1913 but it only lasted a few months. In the early 1920s, foreign currency was used for all transactions, generating considerable chaos, and in 1923 municipalities were allowed to issue their own banknotes. One project floated by the League of Nations envisaged a central bank for Albania as a cooperative venture co-sponsored by various European governments, with Albania itself owning only 10 percent of its share capital. The consolidation of the Albanian national government e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law. History In the early modern period, the Dutch were the pioneers in financial regulation. The first recorded ban (regulation) on short selling was enacted by the Dutch authorities as early as 1610. Aims of regulation The objectives of financial regulators are usually: * market confidence – to maintain confidence in the financial system * financial stability – contributing to the protection and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services In Albania
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitabi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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