History of Post-Communist Albania - 2007

2007

Despite the political situation, the economy of Albania grew at an estimated 5% in 2007. The Albanian lek has strengthened from 143 lekë to the US dollar in 2000 to 92 lekë in 2007, mainly due to the depreciation of the US dollar, but also thanks to the overall improvement of the Albanian economy.

  • June 10, 2007

US President George W. Bush visited Albania, the first sitting US President to do so. *July - Bamir Topi, ruling party chairmanpresident, is elected by the Parliament as President of Albania, after three failed round highlighted the risk of snap elections.

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