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Sejko firmos aplikimin zyrtar për anëtarësimin e Shqipërisë në SEPA, e para në rajon

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The governor of the Financial institution of Albania, Gent Sejko, has signed for the nation’s membership within the geographical space of ​​the SEPA schemes.

“It is a historic day not just for the monetary system within the nation, however for all Albanian residents. SEPA is an early initiative of the European Union for the harmonization of digital funds in Euro, between member international locations”, the announcement states.

Additionally, the SEPA Cost schemes present European residents and companies with cross-border funds within the frequent forex, on the similar value and comfort as funds inside their very own nation.

Nevertheless, the SEPA geographical space additionally extends exterior the EU international locations, counting to date 36 international locations which have harmonized the requirements for digital funds in euros.

The Financial institution of Albania has began work for Albania’s membership in SEPA since 2021, when it grew to become a part of the regional venture “For the modernization of fee methods within the international locations of the Western Balkans”.

This venture originates from the agreements of the Berlin Course of and goals to develop monetary and financial relations between the international locations of the Western Balkans, in addition to the mixing of the area into the European Union.

In November 2023, the European Fee introduced the brand new plan for the expansion of the Western Balkans, the place one of many priorities is exactly the participation of the international locations of the area in SEPA. On this approach, the European Fee gave the area the chance to speed up financial integration within the European single market even earlier than its membership within the European Union.

Albania is, thus, the primary nation within the area, which sends the formal software to be admitted to the SEPA geographical space.

“Albania’s participation in SEPA not solely marks a vital step within the nation’s European integration journey, however will create amenities for Albanian companies and shoppers when it comes to value, time and ease with which they’ll carry out cross-border transactions throughout the European market”.

Projections, it’s reported, are that within the medium time period, the Albanian economic system will profit a number of hundred million euros from the accession to SEPA.

“From the perspective of monetary stability, participation in SEPA gives a method to undertake extra fashionable, safer and extra environment friendly digital fee methods. By introducing such options for our residents, we intention to extend using digital funds, lower using money and enhance monetary inclusion”.

Why Western Balkans EU candidates intend to affix SEPA

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