Albania Banking and Finance Tenders and Bids

Get access to latest Albania banking finance tenders and bids. Find business opportunities and government contracts for Albania banking finance tenders, government banking finance tenders Albania, cash collection tenders, audit tenders, Albania auditing tenders, investment tenders, mergers acquisitions tenders, Albania accounting tenders, actuarial tenders, Albania tax tenders. Find Albania banking finance bid invitations, tenders, bids, procurement, RFPs, RFQs, ICBs. Search for Albania banking finance tenders online. 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 (24.2%) sectors. The country has some natural resources, and the economy is mainly bolstered by agriculture, food processing, lumber, oil, cement, chemicals, mining, basic metals, hydro power, tourism, textile industry, and petroleum extraction. The strongest sectors are energy, mining, metallurgy, agriculture, and tourism. Primary industrial exports are clothing, chrome. Tourism has been a notable source of national income, particularly during the summer months. With over 5.1 million tourists annually, tourism generates revenue in excess of €1.5 billion. A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalised a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Finance is a term for the management, creation, and study of money and investments. Specifically, it deals with the questions of how an individual, company or government acquires money – called capital in the context of a business – and how they spend or invest that money. Finance is then often divided into the following broad categories: personal finance, corporate finance, and public finance.