Suchergebnisse

In the wake of the recent trend in governments stepping back from performing administrative duties aiming at improving service quality of citizens, Albania has witnessed a rapid growth in the Private – Public Partnerships (PPP). The ever growing confrontation of the government with the challenge to improve infrastructure and public facility planning grows proportionally with the increase in demand from the population as well as the need for enhancing existing infrastructure and public facilities, which suffer from delayed maintenance interventions.One of the distinguishing features of the latest developments in Albania is the boost in the number of PPP arrangements completed and in progress, aimed at meeting different infrastructure objectives, efficient mining exploitation, construction of Hydroelectric power plants and various public facility centers offering an array of public services etc. The PPP arrangements take a number of forms depending on the degree of involvement in the private sector and according to the methods used for their implementation.In this paper we are going to focus only on the accounting and financial reporting aspect of these issues, from the prospective of the public sector entity, i.e. the offer, by giving limited consideration to the operators of these agreements due to the fact that the accounting treatment and the respective financial reporting for Service Concession Agreements for private operators are covered by IFRIC 12 of the Interpretations committee for the International Financial Reporting Standards on "Service Concession Arrangements". DOI:10.5901/mjss.2015.v6n2s2p117

The paper provides an overview of the debt instruments marketed in Albania, where the highest share is outlined by treasury bills with short term maturities. The paper provides the database construction profile, econometric models applied to process the data into summarized information. The models include the role the banking system plays and should perform in this regard. The econometrical analysis uses a multiple linear regression, attempting to delineate the interrelationship amongst the discount/interest rate on 3-month tenure T-bill, the inflation rates, and the Central Bank interest rates and the budget deficit magnitude. The analysis and the respective statistical tests support the hypothesis about the strong correlation and consistent trend of a sustainable relationship of all above mentioned factors. The work includes some finding and recommendations for debt management techniques and governmental policies the Albanian authorities should undertake regarding the wideness of financial market participants in Albania, alternate opportunities and sound approaches ensuring the achievement of European standards. DOI:10.5901/mjss.2015.v6n2p67