Konfindustria, the largest business organization in Albania
says that besides a number of problems, a possible Grexit from the eurozone can
also generate short term and medium term positive effects in different domains
of the economy of Albania, but also other countries of the region.
The main cause for the positive effects in the Albanian
would relate to the fact that Greek companies would be unable to benefit from
facilitating policies of bank lending which benefit the euro zone member
countries, Gjergj Buxhuku, general administrator of Konfindustria says.
According to him, the fact that so far, Greek companies have
benefited from European Central Bank policies has damaged and put similar
Albanian companies in difficult position. Buxhuku says that this has had
negative effects for the economic development of the country in the past 25
Buxhuku also identifies the potential benefits of the much
debated Grexit scenario.
“First of all, industries and domestic producers will be
potential beneficiaries, because they are competitors of similar Greek
produces. We can mention sectors of economy such as agro-industry, agriculture,
production of beverages, transport, etc, in which the rise of crediting costs
as a result of the exit from the eurozone, would have an impact in reducing
competitive power of Greek produces compared to other countries, including
In the recent days, there has been much concern about the
Greek crisis and its effects in Albania. Many believe that Greece’s exit from
the eurozone would have immediate and long-term negative effects for the
Albanian economy. Konfindustria becomes the first one to see optimism for the
Albanian economy if such scenario takes place.