The Tirana Stock Exchange ( sq, Bursa e Tiranës) is the principal
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 th ...
in
Albania
Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares ...
. It is located in the capital city,
Tirana
Tirana ( , ; aln, Tirona) is the capital and largest city of Albania. It is located in the centre of the country, enclosed by mountains and hills with Dajti rising to the east and a slight valley to the northwest overlooking the Adriatic Sea ...
. Its name is abbreviated as TSE. The
general manager
A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of ...
of the stock exchange is Anila Fureraj.
History
The TSE began operations as a department of Albania's
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
, the
Bank of Albania, in 1996, concurrent with the establishment of the
Albanian Securities Commission, with a full membership in the
Federation of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the coopera ...
(FEAS). The market functioned as a department of the central bank until it was spun off as an independent entity in 2002. It is not currently functional as it has been shut down since 2014.
See also
*
Economy of Albania
The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market.
Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24. ...
*
List of stock exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges.
There are sixteen stock exchanges in the world ...
*
List of European stock exchanges
In the European region, there are multiple stock exchanges among which five are considered major (as having a market cap of over US$1 trillion):
*Euronext, which is a pan-European, Dutch-domiciled and France-headquartered stock exchange comp ...
References
External links
*
History of the exchangeAlbania Chamber of Commerce
{{Coord missing, Albania
Stock exchanges in Europe
Buildings and structures in Tirana