The Tirana Stock Exchange () is a defunct
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 ...
in
Albania
Albania ( ; or ), officially the Republic of Albania (), is a country in Southeast Europe. It is located in the Balkans, on the Adriatic Sea, Adriatic and Ionian Seas within the Mediterranean Sea, and shares land borders with Montenegro to ...
.
It was located in the capital city,
Tirana
Tirana ( , ; ) is the capital and List of cities and towns in Albania, 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 ov ...
and 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 was Anila Fureraj.
History
The TSE began operations as a department of Albania's
central bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
, the
Bank of Albania
The Bank of Albania () is the central bank of Albania, issuing the Albanian lek. It is headquartered in Tirana, with five branches in Shkodër, Elbasan, Gjirokastër, Korçë and Lushnjë, and a Research and Training Center in Berat.
The bank was ...
, in 1996, concurrent with the establishment of the
Albanian Securities Commission
Albanian may refer to:
*Pertaining to Albania in Southeast Europe; in particular:
**Albanians, an ethnic group native to the Balkans
**Albanian language
**Albanian culture
**Demographics of Albania, includes other ethnic groups within the country ...
, 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 (24.2% ...
*
List of stock exchanges
A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but ...
*
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 compo ...
References
External links
History of the exchangeAlbania Chamber of Commerce
{{Coord missing, Albania
Stock exchanges in Europe
Buildings and structures in Tirana